Subordination Agreement 1974-335369 I
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1 67-3o9 / ) 74--335369
When Recorded Mail To: ) FIUMGE LVO
) BOOK 1974
/ECORDED REQUEST Of
POWAY MUNICIPAL WATER DISTRICT ) TiTLE INSURANCE & TRUST CO.
Post Office Box 348 ) DEC 30 8:00 AM'74
Poway, California 92064 )
) OFFICIAL RECORDS
644I DIEGO EOUKEF,CALK
MARLEY F. BLOOM
RECORDER NO F E E
SUBORDINATION AGREEMENT
FOR VALUE RECEIVED, the undersigned, as Beneficiary under a Deed
of Trust recorded in the Office of the County Recorder of San Diego
County, Oct. 19, 1971 File No. 241278 and as owner and holder of
the obligations thereby secured does hereby make subject and subordi-
nate the liens thereof to the Easement granted by MEDALIST
CORPORATION 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 super-
ior to the rights of any purchaser under my foreclosure of said Deed of
Trust.
The easement described in EXHIBIT "A" attached hereto affects the real
property described in the said Deed of Trust dated Oct. 12, 1971
recorded Oct. 19, 1971 , Recorder's File No. 241278 ,
securing a note in the amount of $ 616,000.00 . MEDALIST
CORPORATION as Trustor, FIRST AMERICAN TITLE INSURANCE CO. as Trustee,
and O'HARE INTERNATIONAL 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.
DATED: Y�•s SZ , \(1 1 BENEFICIARY:
P.R. #958091 O'HARE INTERNATIONAL BANK - N.A. - A
Exc. #24
NATIONAL BANKING ASSOCIATION
BYE
TITLE
'/( /
TITLE
STATE OF , SS.
COUNTY OF (O (^
On \1cc,1\.r. before me, the under
signed, a NotAry Public in and for said County and
State, Personally appeared l,. 1 c<y L T 1 1r ,
known to me to be the lam^ ‘,' a President, and FOR NOTARY SEAL OR STAMP
", >tc , known to me to be
of 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 '��' ' J .
such corporation executed the within instrument pursuant i' , ,, ��,, 4 .
to its by-laws or resolution of its board of directors . vt• �
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AIM , •. 4d4CR��.. .
' ignature of Notary
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GRANT OF RIGHT OF WAY
MEDALIST COFPORATP , a California ccr7cration t
, as Grantor, for and in consideration of the sum of One Dollar and
other valuable consideration paid by
.' i.' , •... CI'AL 'JAT E+' DT:•TIII::T, nu:lit: inrooration
as Grantee,receipt whereof is hereby acknowledged,do hereby grant to said p ;. Y.. 7'UUIC! ,,ti,L.'.JAT-ER., IS;.; I CT
1
j its successors and assigns,an easement of right of way s X XXyX--,,�- -•nXh,..,uY.LA,h 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 transmission
t
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!ttl to (;,A;thkpAti$ tAi(r rh(tm1
i
lan(i's,together with the right to use said right of way for access to Grantee's rights of way situated in adjacent lands.
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Sad fl):.,-int of ri.;ht of way is particularly doscribpd as follows: i
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EXHIBIT "A '
RECORDED JAN. 31, 1973, FILE NO. 73-027705
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Al those nrIrtir, .,.c i —r-- Lt R" ,_,a n7N —c tent t r itror,n- rn',tr 'F r? ,,-7. rSTATES, In
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All those portions of Lots 41 , 80, and 374 of VALLE VERDE COUNTRY CLUB ESTATES, in
the County of San Diego, State of California according to the Map thereof No. 4683,
filed in the Office of the County Recorder of said San Diego County December 21 , 1960
described as follows:
Parcel 1 :
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 the most Westerly corner of Lot 52 of said VALLE VERDE COUNTRY CLUB
ESTATES, being a point on the arc of a 920.00 foot radius curve, concave Southeasterly,
in the Southeasterly line of St. Andrews Drive as shown on said Map 4683, a radial line
to said Point of Commencement bears North 52°08'33" West (record North 51°56' 05" West) ;
thence Southwesterly, along the arc of said 920.00 foot radius curve, through a central
angle of 3°10'28" a distance of 50.97 feet to the TRUE POINT OF BEGINNING of the herein
described center line, being a point on the arc of a curve, concave Westerly, having a
radius of 150.00 feet, a radial line to said point bears North 40°38'24" East; thence
Southerly along the arc of said curve, through a central angle of 35°36' 14" a distance
of 93.21 feet; thence tangent to said curve, South 13°45'22" East 34. 10 feet to the
beginning of a tangent curve, concave Northeasterly, having a radius of 230.00 feet;
thence Southeasterly and Easterly along the arc of said curve, through a central angle
of 87°20' 34" a distance of 350.62 feet; thence tangent to said curve, North 78°54' 04"
East 38.00 feet to the beginning of a tangent curve, concave Northerly, having a radius
of 500.00 feet; thence Easterly along the arc of said curve, through a central angle
of 2°25' 00" a distance of 21 .09 feet; thence South 35°45'56" East 24.49 feet to a point
designated for the purposes of this description as Point "A"; thence continuing South
35°45'56" East 45.51 feet; thence North 72°44'04" East 198.00 feet to the beginning of
a tangent curve, concave Southerly, having a radius of 350.00 feet; thence Easterly
along the arc of said curve, through a central angle of 20°28'52" a distance of 125. 11
feet to a point designated for the purposes of this description as Point "B"; thence
continuing Easterly along the arc of said 350.00 foot radius curve, through a central
angle of 12°46'08" a distance of 78.00 feet to the beginning a a reverse curve, concave
Northerly, having a radius of 400.00 feet; thence Easterly along the arc of said curve,
through a central angle of 47°35'00" a distance of 332. 19 feet to a point designated for
the purposes of this description as Point "C"; being the beginning of a reverse curve,
concave Southerly, having a radius of 350.00 feet; thence Easterly along the arc of said
curve, through a central angle of 21°35'00" a distance of 131 .85 feet to the beginning
of a compound curve, concave Southerly, having a radius of 1000.00 feet; thence Easterly
along the arc of said curve, through a central angle of 6°58'50" a distance of 121 .83
feet to a point designated for the purposes of this description as Point "D"; thence
continuing Easterly along the arc of said curve, through a central angle of 8°06' 10"
a distance of 141 .42 feet to the beginning of a reverse curve, concave Northerly, having
a radius of 1000.00 feet; thence Easterly along the arc of said curve, through a central
angle of 8°04' 03" a distance of 140.81 feet to a point designated for the purposes
of this description as Point "E"; thence continuing Easterly along the arc of said curve,
through a central angle of 1°25'57" a distance of 25.00 feet; thence tangent to said
curve, North 85°34'04" East 285.00 feet to a point designated for the purposes of this
description as Point "F"; thence continuing North 85°34'04" East 59.00 feet to the
beginning of a tangent curve, concave Southerly, having a radius of 500.00 feet; thence
Easterly along the arc of said curve, through a central angle of 31°30'00" a distance
of 274.89 feet to a point designated for the purposes of this description as Point "G";
being the beginning of a reverse curve, concave Northerly, having a radius of 40.00 feet;
thence Easterly and Northeasterly along the arc of said curve, through a central angle of
85°00' 00" a distance of 59.34 feet; thence tangent to said curve, North 32°04'04" East
108.48 feet to the beginning of a tangent curve, concave Southeasterly, having a radius
of 1000. 00 feet; thence Northeasterly along the arc of said curve, through a central angle
of 11°30' 36" a distance of 200.89 feet to a point designated for the purposes of this de-
scription as Point "H"; thence continuing Northeasterly along the arc of said curve, throu
a central angle of 1°06' 17" a distance of 19.28 feet; thence tangent to said curve, North
44°40''57" East 254.72 feet to a point on the arc of that certain 350.00 foot radius curve,
concave Southwesterly, in the Northeasterly line of said Lot 80 of VALLE VERDE COUNTRY
CLUB ESTATES, a radial line to said point bears North 44°40' 57" East (record North 44°53'2
East) .
Parcel 2:
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:
Beginning at the point designated in Parcel 1 above as Point "A"; thence South 54°14'04"
West 24.00 feet.
P,,rce1 3:
West 14.uu reef.
'Parcel 3: • 857
III
• ' 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 :
Beginning at the point designated in Parcel 1 aboveas Point "8"; thence North 3°12' 56"
Fist 24.00 feet. - --
Parcel 4:
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:
Beginning at the point designated in Parcel I above as Point "C"; thence South 31°35'56"
East 24.00 feet. - -
Parcel 5:
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:
Beginning at the point designated in Parcel 1 above as Point "D"; thence North 19°58'47"
East 151 . 57 feet; thence North 70°01 ' 13" West 22.32 feet to a point on the arc of a
I curve, concave Southerly having a radius of 1000.00 feet, a radial line to said point
I bears North 4°51 ' 27" West; thence Westerly along the arc of said curve, through a central
angle of 1°42130" a distance of 29.82 feet to a point designated for the purposes of this
description as Point "I"; thence continuing Westerly along the arc of said curve, through
a central angle of 5°11 '59" a distance of 90.75 feet; thence tangent to said curve, South
• 78°14' 04" West 179.00 feet to the beginning of a tangent curve, concave Northerly, having
a radius of 350.00 feet; thence Westerly along the arc of said curve through a central
angle of 9°25'00" a distance of 57.52 feet to the beginning of a reverse curve, concave
Southerly, having a radius of 1000.00 feet; thence Westerly along the arc of said curve,
through a central angle of 8°37' 23" a distance of 150.50 feet; thence radial to said
curve, North 10°58'29" West 24.00 feet.
Parcel 6:
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:
Beginning at the point designated in Parcel 5 above as Point "1"; thence South 6°33'57"
East 24.00 feet.
Parcel 7:
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:
Beginning at the point designated in Parcel 1 above as Point "E"; thence South 2°59'59"
1 East 24.00 feet.
.
RParcel 8:
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:
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3 Beginning at the point designated in Parcel 1 above as Point "F"; thence North 4°25'56"
West 130.75 feet; thence South 85°34' 04" West 39.00 feet.
Parcel 9:
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:
i Beginning at the point designated in Parcel 1 above as Point "G"; thence South 27°04'04"
1 West 35.00 feet: .
Parcel 10:
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:
Beginning at the point designated in Parcel 1 above as Point "H"; thence North 46°25'20"
West 26.00 feet.
Parcel 11 : •
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:
78° 14' 04" West 179.00 feet to the beginning of a tangent curve, concave Northerly, having
a 1'adius of 350.00 feet ; t ce Westerly along the arc of s d curve through a central
. .' 'angle of 9°25' 00" a distanof 57.52 feet to the beginnin a reverse curve, concave
Soiutherly, having a radius of 1000.00 feet; thence Westerly along the arc of said curve,
through a central angle of 8°37' 23" a distance of 150.50 feet; thence radial to said
curve, North 10°58' 29" West 24.00 feet.
Parcel 6: dsd
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:
Beginning at the point designated in Parcel 5 above as Point "I"; thence South 6°33'57"
East 24.00 feet.
Parcel 7:
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:
Beginning at the point designated in Parcel 1 above as Point "E"; thence South 2°59'59"
East 24.00 feet.
Parcel 8:
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:
Beginning at the point designated in Parcel l above as Point "F"; thence North 4°25' 56"
West 130.75 feet; thence South 85°34'04" West 39.00 feet.
Parcel 9:
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:
Beginning at the point designated in Parcel 1 above as Point "G"; thence South 27°04'04"
West 35.00 feet:-
Parcel 10:
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:
Beginning at the point designated in Parcel 1 above as Point "H"; thence North 46°25'20"
West 26.00 feet.
Parcel 11 :
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:
Beginning at a point on the Westerly line of Lot 41 of said VALLE VERDE COUNTRY CLUB
ESTATES, distant thereon North 1°06''34" East (record North l° 19'02" East) 475.66 feet
from the Southwest corner of said Lot ; thence South 88°53'26" East 20.00 feet to the
beginning of a tangent curve, concave Northerly, having a radius of 320.00 feet ; thence
Easterly along the arc of said curve, through a central angle of 17°30'00" a distance
of 97. 74 feet; thence tangent to said curve, North 73°36'34" East 47.27 feet to a point
designated for thepurposes of this description as Point "J"; thence continuing
North 73°36' 34" East 34.23 feet; thence South 16°23' 26" East 74.00 feet to the beginning
of a tangent curve, concave Easterly, having a radius of 1400.00 feet ; thence Southerly
along the arc of said curve, through a central angle of 5°16'46" a distance of' 129.00
feet; thence tangent to said curve, South 21°40' 12" East 93.00 feet; thence South
68°19' 48" West 24.00 feet.
Parcel 12:
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:
Beginning at the point designated in Parcel 11 above as Point "J"; thence North 16°23' 26"
West 24.00 feet.
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