Subordination Agreement 1973-150521 826 )
:,+".?en Recorded :'_ail "" ) `73-150521
� _ Tr SSS )
) FILE/PAGE 40;.__________
. POWAY MUNICIPAL WATER DISTRICT ) BOOK 1973
Post Office Box 348 ) RECORDED REQUEST OF
Poway, California 92064 ) LAND TITLE INSURANCE CO.
) JUN4 8:00 AM73
)
) OFFICIAL RECORDS NO FEE
SAN DIEGO COUNTY, CALIF.
) HARLEY F. BLOOM, RECORDER vow
�'`
,,?,/l7(7, 4 SUBORDINATION AGREEMENT
v )
FOR VALUE RECEIVED, the undersigned, as Beneficiary under Deed
of Trust recorded in the Office of the County Recorder of San Diego
County, May 29, 1963 , as File No. 93452 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
ROBERT E. WARE and ELEANOR H. WARE, I
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 ease-
ment 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, relinquishment
and subordination.
DATED: 5/7/73 BENEFICIARY :
HOME FEDERAL SAVINGS AND LOAN ASSOCIATION
Wier•,^•-r,"r,••••.•."."."',?.•" � 490 OF SAN DIEGO
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le
\ ,/ i . ... . ..... •,J.,:J,1l. By: , r C r
My Commission Expires November 11. 1575 William Schelling Ass't V. esiVetniLLte
Y
By:‘,....-/4/.4,,,..__.) 6 ''LC,//
STATE OF Dale I. Wolff As:s'' Secretary Title
California )
SS .
COUNTY OF San Diego )
On 5/7/73 , before me , a Notary Public in and for the said
County and State, duly commissioned and sworn, personally appeared
William Schelling known to me to be the Ass' t Vice President
and Dale I. Wolff known to me to be the Assistant Secretary
of Home Federal Savings & Loan Association of San Diego
the corporation that executed the within instrument , known to me to be
the persons who executed the within instrument on behalf of the corpora-
tion therein named, and acknowledged to me that such corporation executed
the same .
WITNESS my hand and official seal .
444.,4e:c.-- /67 "---.1 --
:otary Public in and f said
County and State
(SEAL)
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ba. i 44,4