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Subordination Agreement 1980-298411 • .. , : . - • moo • • s0--298411 TRANSAMERICA TITLE INSURANCE CO. RECORDING REQUESTED BY : FILE/PAGE NO BOOK 1980 POWAY MUNICIPAL WATER DISTRICT TRANSAMERICA REQUEST OF: WHEN RECORDED MAIL TO: SEP 16 8:00 AM'80 POWAY MUNICIPAL WATER DISTRICT OFFICIAL RECORDS P. 0. BOX 348 SAN DIEGO CALIF. POWAY, CALIFORNIA L 1.111 RECORDER 92064 _4.00 27877 THIS SPICE FOR RECORDERS USE SUBORDINATION AGREEMENT FOR VALUE RECEIVED, the undersigned,as Beneficiary under a Deed of Trust dated March 24, 1980 recorded in the Office of the County Recorder of San Diego County June 19, 1980 ,File No. 80-194055 and as owner and holder o' the ob:igations thereby secured does hereby make subject and subordinate the liens thereof to the Easement granted by Poway Town and Country Shopping Center. a California General Partnership 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 4, 1980 ,File No. 80-245578 ,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 of this waiver, relinquishment, and subordination. United California Bankc. r, Dated: - BENEFICIARY: a COlrRoration "1 R/W No. 27877 BY: Y 41114'14` Exc. No. 4 Donald C. Alfo�: Vice President Project : Poway Center of United California Mort>xagc an isio i JydIth C. Davis, Assistant Secretary of` United Qalifornia Mortgage Companyj14vision ALL SIGNATURES MUST BE ACKNOWLEDGED NOTARIES: Use proper form attached or staple appropriate form thereto. FILE POUJAy DOC. t#CcNTE12 • 101 • PARTNERSHIP FORM STATE OF County of bs 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. Al 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. lilt 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. CORPORATION FORM .1 rK ; STATE OF�//�� ��. County of.. i--.` ,,,(((���t..<j() c ss On this day of...../:.1A 5 t1 S A.D., 19 `''`" before me,...:.. v' ' / -` ,'. '" �),l..`. ..; -'1 a Notary Public in and for the said County and State, residing therein, duly commissioned and sworn, personally appeared b0 n a iQ/f C_ /9/.6(a✓ known to me to be the V ..4 L President and f'UI 1' e1. C • , .1.Q.w.J.s known to me to be the.> .&.5.!V . "4- Secretary of the. ..li:.4-gt ..CA-,. J.iP(Yt:� J�or{--).Sj.:e...(iv$/9�t"y.,... i.✓.[.ci 47, Q f c'.i.., t<d...(F�-1.:.t°--rrrt:..(1jJ't A r Y 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. .AI1 Witness Whereof, I have hereunto set my hand and affixed my official seal the day and year in this certificate first above written. �T.Ty Tr T T TX"�rTlT� { `r`�1 OFFICIAL SEAL ,7,,,/ � 1 //• M",' g,4' SHELLEY M. MAGOFFTN^ ! - �//�4�ii✓/7 / A� NOIARY PUBLIC CALIFORNIA ! �" ; r `�` f PRINCIPAL OFFICE IN I Notarybllic in and for said Coun d State. N SAN 7IEGO COUNTY I 7 My Commission Expires March 11, 1983