Subordination Agreement 1978-441095 F
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CTITLE INSURANCEUEST OCo.
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When Recorded Mail To: )
- -
POWAY MUNICIPAL WATER DISTRICT R F " .) I V E D OCT 17 8:00 AM'78
Post Office Box 348
Poway, California 92064 I SEP9 1978 OFFICIAL RECORDS
SAN DIEGO COUNTY, CALIF.
1 Poway municipl Water District 1 RECORDER No FEE
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314900-R SUBORDINATION AGREEMENT
FOR VALUE RECEIVED, the undersigned, as Beneficiary under a Deed
of Trust dated April 3, 1978 , recorded in the Office of the County
Recorder of San Diego County, April 8, 1978 File No. 78-152430 ,
and as owner and holder of the obligations thereby secured does hereby make
subject and subordinate the liens thereof to the Easement granted by
John W. Pfister and Jeraldine V. Pfister
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 is described in EXHIBIT "A" attached hereto and affects the
real property described in the said Deed of Trust,
John W. Pfister and Jeraldine V. Pfister as Trustor,
First National Bank of San Diego County as Trustee,
and First National Bank of San Diego County as Beneficiary.
Beneficiary 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 executiorvR o,,,,H
by Beneficiary of this waiver, relinquishment and subordination. t pteasem"Ile ,,,•,v
fcr rKnrdl„ 1
DATED: September 26, 1978 BENEFICIARY:
• First Nayonal Bank of Saq Diego County
R/w # 314900-R !�/ ,7.' (2 J
Exc. #3 ASI .
Proj . Pfister F.H. BY: /.l/CC= ' ACL Xti -
Extension `. TITLE
BY: --1 - 7. �e Lc« ,./c rf 72007..06.,,,7p--
TITLE
STATE OF CALIFORNIA, SS.
COUNTY OF San Diego
On Sept. 26. 1978before me, the under -
signed, a Notary Public in and for said County and
State, Personally appeared Lornd Olson , FOR NOTARY SEAL OR STAMP
known to me to be the Vice President, and
F. E. Tiderman , known to me to be
Vice Pres_ ARIIR4tkgRXxof 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 nan•eJ, and acknowledged to be that
such corporation executed the within instrument pursuant '"""'" _ --~"'�"'~`
to its by-laws or resolution of its board of directors .
s -c. ,. . CH-,.: Sc et.
a SUE CROUCH
II ,,,.. j NOTARY PUi;i. AU00•:'1r1
PRINCleAL .)Frick :Iv
i • SAN OIEGO COUNTY
y r :uly 27, 109 ''I
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Signature of Notary
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LOT 26
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TASSELL
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RACT P Np, 5 � k I
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7 A .. !NG/GATES WATER N
4/NE EASEMENT
Project: PF/STER EN. EXTENSION
References : PLAT C.A.N. C-P03-250-00
of easements required by the R/W # 3/4900- R _
Poway Municipal Water District Tax Par. 3/7-02/-26
aEXL,Fiela ,=iatKJC ' Base Map 2 -_
Scale: / N= /OD ' consulting WrncInwvrs I arcnItteCts Date: AUG. /6, /978