Subordination Agreement 1973-094748I )
When Recorded-Mail-To—' ) .
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R rORPED R}�Qt1EST 04' 7
) fnst AMK►liCAN TITLE co. _07
) APR 118:00 AM'73 73
)
) OFFICIAL WNW
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SAN DIEGO CO'JNft, CALF
HARLEY F. RAM .Nr" Mt
) $3.00
SUBORDINATION AGREEMENT
FOR VALUE RECEIVED , the undersigned , as Beneficiary under Deed
of Trust recorded in the Office of the County Recorder of San Diego
County, October 15 , 1971 , as File No. 239237 and as the owner and
holder of the obligations thereby secured does hereby make subject
and subordinate the liens thereof to the easement granted by ATLANTIS
DEVELOPMENT COMPANY to POWAY MUNICIPAL WATER DISTRICT dated March 13 ,
1973 , and recorded as Document No . 7')261 on '".'•I'.CH 27 , l"7;
in the Office of the County Recorder of San Diego County , 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 any foreclosure of said Deed of Trust .
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 reli-
ance upon and in consideration of this waiver, relinquishment and sub-
ordination 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 , relinquish-
ment and subordination.
DATED:( .11� /7
773 FIDELITY MORTGAGE INVESTORS ,
a Massachusetts business trust
- ► .::' "
/ .-</v:
1 Title
BEN15'ICIARY
STATE OFo-7. :, )
�7 ) SS .
COUNTY OF ;�'l-C.c Y; )
I /21/arch,
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On this - day of i arch, 1973 , before me , ,�./,/)� 1,e,-,� %'� ,PIC r,
a Notary Public and for the said County and State , residing therein,
duly commissioned and sworn , personally appeared 4/, ( , L,.. /1,/,)c ,..1/.2 ,
known to me to be the -7- V.S.-.‘7 E and
toJbe-the — - --- of FIDELITY MORTGAGE INVEST^'_
• a Massachusetts business trust, the corporation that executed the within
1 ; Instrument, known to me to be the persons who executed the within Instru-
! . ment on behalf of the corporation therein namedf :and acknowledged to me
that such corporation executed the same .
WITNESS my hand and official seal . ''1, 1 -
FriMary Public, State of Florida at cargo / ••4/1#7( )(43-74/.---:r• 1.�, S
My commission expiry; Oct. 14, 1976 Notary Pub .lc in 'and for said
1 (SEAL vd by Innsamerica InsuranCl C fr County and State
-- — .
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