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Subordination Agreement 1980-375650 • f- 493 •3 TRANSAMERICA TITLE 27899 Q RECORDING REQUESTED BY : 80-3 75650 POWAY MUNICIPAL WATER DISTRICT FILE/PAGE NO BOOK �1N98�0 WHEN RECORDED MAIL TO REQUEST OF POWAY MUNICIPAL WATER DISTRICT TRANSAMERICA TITLE CO.Aon P. 0. BOX 348 NOV 7 8:00 Am SOV POWAY, CALIFORNIA OFFICIAL RECORDS 92064 SAM DIEGO CALIF. ENDER NO FEE THIS SPACE FOR RECORDERS USE SUBORDINATION AGREEMENT • FOR VALUE RECEIVED, the undersigned,as Beneficiary under a Deed of Trust dated April 25, 1980 recorded in the Office of the County RecorderJof San Diego County July 3, 1980 ,File No. R0-211500 and as owner and molder of the liggtdr0 l hereby dVdnd does hereby make subject and subordinate the liens thereof to the Easement granted by G R and R 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 September 30, 1980 ,File No. 80-317844 ,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 mode or entered into but for said reliance and the execution by Beneficiary cf this waiver, relinquishment, and subordination. Dated: October 17, 1980 BENEFICIARY: WOODWARD ASSOCIATES, INC. , R/W No. 27899 PE ION TRUST FUND Exc. No. 8 Project : Maulding By'. "? Extension By: ✓� �,J„- .-`-.." 1;4,Jree L"' ALL SIGNATURES MUST BE ACKNOWLEDGED NOTARIES: Use proper form attached or staple appropriate form thereto. 3G31C • 193 PARTNERSHIP FORM STATE OF County of 69 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. jfll 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 TATE . _ ss County of . ... 4"5" -tinr On this riR4 day of 9-43""4-* A.D., 19 fa before me a Notary Public in and for the said County and State, residing therein, duly commissioned and sworn, personally appeared 6-•.47 g. -w---.., ♦^^� � U i.-- g . personally known to me to be the person.7t...whose nanic subscribed to the within Instrument, and duly acknowledged to me that:7441re executed the same. iii .VitltesS Wf)rredf,I have hereunto set my hand and affixed my official seal the day and year in this certificate first above written. *�� , OFFICIAL SEAL Y rd DOROTHY J. BAKER 7 NOTARY PUBLIC . CALIFORNIA Notary Public in and r said County and State. SAN DIEGO COUNTY My comm. expires NOV 15, 1981 CORPORATION 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 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. .11 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.