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Subordination Agreement 1980-298412 • 02 SQ-298412 FILE/PAGE NO TRANSAMERICA TITLE INSURANCE CO. BOOK 1980 RECORDED REQUEST OF RECORDING REQUESTED BY TRANSAMERICA TITLE CO. POWAY MUNICIPAL WATER DISTRICT SEP 16 8:00 AM'80 WHEN RECORDED MAIL TO: OFFICIAL RECORDS SAN DIEGO COUNTY, CALIF. POWAY MUNICIPAL WATER DISTRIC r VERA L LYLE P. 0. BOX 348 RECORDERc POWAY, CALIFORNIA Y4.00 92064 27842 THIS SPACE FOR RECORDERS USE SUBORDINATION AGREEMENT FOR VALUE RECEIVED, the undersigned,as Beneficiary under a Deed of Trust dated September 4, 1979 recorded in the Office of the County Recorder of San Diego County September 13, 1979 ,File No. 79-382780 and os owner and holder of the obligations thereby secured does hereby make subject and subordinate the liens thereof to the Easement granted by Jerry Lee Morris, Phyllis Joan Morris, Martin A. Lotz. Russell L. Duncan Sharon Duncan. Billy J. Dendy. and Patricia A. Dendy to POWAY MUNICIPAL WATER DISTRICT, it being understood and agreed that foreclosure of said Deed of Trust shall not affect, defeat or render invalid any rights under and by virtue of said easement, and said easement shall be paramount and superior to the rights of any purchaser under a foreclosure of said Deed of Trust. Said easement was recorded August 25, 1980 ,File No. 80-270838 ,and affects the real property described in said Deed of Trust. The undersigned Beneficiary of said Deed of Trust declares and acknowledges that it hereby intentionally waives, relinquishes, and subordinates the priorities and superiorities of the lien and charge of said Deed of Trust upon the land described therein in favor of said easement, and that it understands that in reliance upon and in consideration of this waiver, relinquishment, and subordination specific monetary and other obligations will be entered into by Third Parties which would not be made or entered into but for said reliance and the execution by Beneficiary of this waiver, relinquishment, and subordination. Dated: BENEFICIARY: Bank of America National Trust R/W No. 27842 and Savings Association Exc. No. 7 By: ��/ � Project : Additional R/W - ' in P.M. 9006 By: ALL SIGNATURES MUST BE ACKNOWLEDGED NOTARIES: Use proper form attached or staple • appropriate form thereto. FILE Pow Av De u e I . DOC, # 35 j 4. . . ,. • : :• • 103 • • PARTNERSHIP FORM STATE OF County of ss On this day of A.D., 19 before me a Notary Public in and for the said County and State, residing therein, duly commissioned and sworn, personally appeared known to me to be one of the partners of the partnership that executed the within instrument, and acknowledged to me that such partnership executed the same. �n Witness Whereof,I have hereunto set my hand and affixed my official seal the day and year in this certificate first above written. Notary Public in and for said County and State. GENERAL FORM STATE OF County of ss On this day of A.D., 19 before me a Notary Public in and for the said County and State, residing therein, duly commissioned and sworn, personally appeared personally known to me to be the person whose name subscribed to the within Instrument, and duly acknowledged to me that he executed the same. N Witness !Aerial,I have hereunto set my hand and affixed my official seal the day and year in this certificate first above written. Notary Public in and for said County and State. CORPORATION FORM STATE OF California County of San..D.iega )"138 On this_.4Xh day of....$.e.p.C.eagr A.D., 19$0.., before me,..Ao.ruxa.J....Bart On a Notary Public in and for the said County and State, residing therein, duly commissioned and sworn, personally appeared RobeK; 0. Andtson known to me to be theM .1-P>i111t,..ViCe.7President and J. M. Robison known to me to be the Authorized Off ifcetary of the.....4.0,.Q. ..AMeriGA_,N4 i9na1 Trust and Savings..Assniat. .R the Corporation that executed the within Instrument, known to me to be the persons who executed the within Instrument, on behalf of the Corporation therein named, and acknowledged to me that such Corporation executed the same. in Witness lhereai,I have hereunto set my hand and affixed my official seal the day and year in this certificate first above written. ' I OFFICIAL SEAL I DONNA J BARTON 1 ,!l� l��GL.s :2—‘ \Zfa.a1;1. i¢�a NOTARY PUBLIC CALIFORNIA ' Notary Public in and fo said County and State. `�. SAN DIEGO COUNTY My comm. expires MAR 16, 1984