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Subordination Agreement 1980-375649 • TRANSAMERICA TITLE 27899 RECORDING REQUESTED BY : C..O-3 56 19 POWAY MUNICIPAL WATER DISTRICT pV V Jv �J FILE/PAGE NO WHEN RECORDED MAIL TO: BOOK 1980 RECORDED REQUEST OF POWAY MUNICIPAL WATER DISTRICT TRANSAMERICA TITLE CO_ pn P. 0. BOX 348 NOV 7 8:00 AM'80 POWAY, CALIFORNIA OFFICIAL RECORD 92064 SAN DIEGO COUNTY, CALIF. VERA L. LYLE IDIOM NO F E E THIS SPACE FOR RECOROEns USE _ SUBORDINATION AGREEMENT FOR VALUE RECEIVED, the undersigned,as Beneficiary under a Deed of Trust dated February 22. 1979 recorded in the Office of the County Recorder of San Diego County March 9. 1979 ,File No. 79-100605 and os owner and holder of the obligations thereby secured does hereby make subject and subordinate the liens thereof to the Easement granted by Gary R. and Carol A. Gavan to POWAY MUNICIPAL WATER DISTRICT, it being understood and agreed that foreclosure of said Deed of Trust shall not offect, defeat or render invalid any rights under and by virtue of said easement, and said easement shall be poromount and superior to the rights of any purchaser under a foreclosure of said Deed of Trust. Soid easement was recorded September 30, 1980 ,File No. 80-317844 , and of fects the real property described in said Deed of Trust. The undersigned Beneficiary 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 mode or entered into but for said reliance and the execution by Beneficiary of this waiver, retinquishmen d subordination. / Dated: /0././ 7/1• BENEFICIARY: Gz��� 17-7 Gary R/ '"avan R/W No. 27899 Exc. No. 6 Project : Maulding Carol A. Gavan Extension ALL SIGNATURES MUST BE ACKNOWLEDGED NOTARIES: Use proper form attached or staple appropriate form thereto. t�ac . 333 • 1937 PARTNERSHIP FORM STATE OF County of as 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. in Witness Wtlere0f, 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.... i County of ss On this 17x4 day of "11""-' A.D., 19. R, before me a Notary Public in and for the said County and State. residing therein, duly commissioned and sworn, personally appeared Q • G-.... personally known to me to be the person.$....whose name.S a"`'L— subscribed to the within Instrument, and duly acknowledged to me thathr..Thhi,executed the same. in Witness Whereof,I have hereunto/ set my hand and affixed my official seal the day and year in this certificate first above written. t .4 OFFICIAL SEAL .•4 • DOROTHY J. BAKER l '" '�• Ili, NOTARY PUBLIC - CALIFORNIA Notary Public in ai d for said County and State. SAN DIEGO COUNTY art. ••-•". My comm. expires NOV 15, 1981 CORPORATION FORM STATE OF County of as 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 the President and known to me to be the Secretary of the 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 Whereof,1 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.