Subordination Agreement 1979-270593 7Y-��DS rIl rE`,�. 05%3_ 1`1-27o5Y 3
• ) bbOo i
7 ) RECORDED REQUEST OF
• When Recorded Mail To: 1 ) LAND TITLE INSURANCE CO.
JUN 2S 8:OO AM79
POWAY MUNICIPAL WATER DISTRICT ) AI'fIQMC RECORD;
Post Office E'ox 348 ^ ) RECORDER
Poway, California 92064 ,
SAN DIEGO COUNT, CAt;F.
NO FEt
)
SUBORDINATION AGREEMENT
FOR VALUE RECEIVED, the undersigned, as Beneficiary under a Deed
of Trust dated April 25, 1978 , recorded in the Office of the County
Recorder of San Diego County, April 28, 1978 File No. 78-170711
and as owner and holder of the obligations thereby secured does hereby make
subject and subordinate the liens thereof to the Easement granted by
Stoneridge Country Club
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,
Stoneridge Country Club as Trustor,
La Casa Trust Deed Service as Trustee,
and Southwest Bank 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 execution
by Beneficiary of this waiver, relinquishment and subordination.
RECORDER:
Please make no charge
DATED: March 21 . 1979 BENEFICIARY• for recording the att-
ached instrument. It
Is being recorded in
connection wt:h a Gov-
. Southwest Bank ernmentelAgency tra-
nsaction.
R/W If 318591-R
Exc. # 38
Proj . Stoneridge C.C. BY: 41,;:s7L-)7----
F.H.
Extension Rickerson TITLE
Mgr.- £tate Loan
BY: % y ��
Dottie Elphick TITLE
Mgr. & Ass 't VP Real Estate Loan Servicing
STATE OF CALIFORNIA, SS.
COUNTY OF San Diego
On 1-?1-79 before me, the under -
signed, a Notary Public in and for said County and
State, Personally appeared Richard F- (lickersom, FOR NOTARY SEAL OR STAMP
known to me to be the Vire President, and
Dottie Flphick , known to me to be
Acct V p 80#r14Xxri$ of the corporation that executed
the within Instrument, known to me to be the persons • �_•
who executed the within Instrument on behalf of the 0 OFFICIAl
corporation therein named, and acknowledged to be that i' } Nt LILY R. •
BANKS
NOTARY PUBLIC - CALIF CRP:W i
such corporation executed the within instrument pursuant :\asrre, PRINCIPAL OFFICE IN
�3
to its by-laws or resolution of its board of directors . : My Commission Expres Novecm°i; ' 1 'G1 ',
Signature of Notary
Lily R. Banks. FILE
Doc. i/t
�r�
•
•
• 1
RECORDING REQUESTED BY:
AND WHEN RECORDED MAIL TO:
NAME
STREET
ADDRESS
CITY
STATE
ZIP This space for Recorder's use
NO DOCUMENTARY TRANSFER TAX NO FEE
EXHIBIT "A"
GRANT OF RIGHT OF WAY
STONERIDGE...COUNTRY. .CLUB,..a_California..corporation
, as Grantor, for and in consideration of the sum of One Dollar and
other valuable consideration paid by POWAY MUNICIPAL WATER DISTRICT, a public corporation
as Grantee, receipt whereof is hereby acknowledged, do hereby grant to said
POWAY MUNICIPAL WATER DISTRICT
its successors and assigns, an easement of right of way 20,.00 feet in width in, upon, over, under, and across the
lands hereinafter described, to erect, construct, reconstruct, replace,repair,maintain and use a pipeline or pipelines for any and
all purposes, together with their necessary fixtures and appurtenances including but not limited to facilities for power trans-
mission and communication purposes, at such locations and elevations, upon, along, over and under the hereinafter described
right of way as Grantee may now or hereafter deem convenient and necessary from time to time,together with the right of in-
gress thereto and egress therefrom,to and along said right of way by a practical route or routes in,upon,over and across the here-
inafter described lands, together with the right to use said right of way for access to Grantee's rights of way situated in adjacent
lands.
The lands in which said easement of right of way is hereby granted arc situated in the County of San Diego
State of California, and are particularly described as follows, to wit:
Lot 1 of Stoneridge Unit No. 1 , in the County of San Diego, State of California,
according to the Map thereof No. 7550, filed in the Office of the County Recorder
of said San Diego County February 14, 1973.
r'9
Ax.x Id(t}(i(a:IfXtxs.ud casement of right of way in the aforesaid lands is particularly described as follows
All that portion of said Lot 1 included within a strip of land 20.00 feet
of even width, the center line of said 20.00 foot wide strip of land being
described as follows :
Commencing at a point in the Easterly line of Lot 38 of Valle Verde Country
Club Estates, according to the Map thereof No. 4683 filed in the Office of
the County Recorder December 21 , 1960, distant thereon 5.00 feet Northerly
from the Southeast corner thereof, being the Westerly terminus of the center
line of that certain 20.00 foot wide easement described as Parcel "B" in
Deed to the Poway Municipal Water District, filed in the Office of the
County Recorder of said San Diego County April 25, 1962 as Document No. 70974
of Official Records; thence along said center line, South 88°53 '26" East
(record South 88°40' 58" East) 540.33 feet to the TRUE POINT OF BEGINNING;
thence South 1°06'43" West 453.51 feet; thence South 46°06'43" West 100.00
feet.
EXCEPTING from the above described 20.00 foot wide strip of land, that portion
thereof included within the above mentioned 20.00 foot wide easement described
as Parcel "B" in said Deed.
Grantor and its....successors in estate shall not erect or construct,or permit to he erected or constructed,any building
or other structure,plant any tree or trees,or drill any well or wells,within the limits of said right of way.
Grantee shall have the right to erect,maintain and use gates in all fences which now cross or shall hereafter cross said route or
routes, and to trim and cut and clear away any trees and brush whenever in its judgment the same shall be necessary for the con-
venient and safe exercise of rhe rights hereby granted, the right to transfer and assign this easement in whole or in part being here-
by granted to the Grantee.
Grantor agrees that no other easement or easements shall be granted on,under or over said strip of land by Grantor,without
the previous written consent of Grantee.
It is also understood and agreed by the parties hereto that the Grantor and l is successors or assigns,shall not increase
or decrease,or permit to be increased or decreased, the existing ground elevations of the above described right of way,existing
at the time this document is executed,without the previous written consent of the Grantee.
3n 3;littttraa 1134trrol. the Grantor has executed these presents this day of , 19
Executed in the Presence of:
Witness.
Witness.
TAX PARCEL NO. 273-11 1-QL
R/W No. 31 8591-R.
DRAWN BY
CHECKED BY ___
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EX/ST. 20'POwAY M.W.D.
WATER L/NE E5/fir- REC. o
40 APR'. 25, 1962, DOC. NO. -7O
70974 O.R.
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1...i38 (REC. S6B°4058'8 829. 93) //
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Project: STONER!DC F_ COUNTRY CLUB F/RE HYORANT EXTENSION
References : PLAT C.A.N. C-1'03-2&2-00
of easements required by the R/W # 3/.853/- R
Poway Municipal Water District Tax Par. 273.1/0-07
Base Map 3
Scale: ! 200, — 1 3 1301011 Erwrinefillna CoraCration
conssuitincs 11111pnssrs 1 sIcrwcsccs Date: JAN. 26, /979