Subordination Agreement 1973-171361 •
® . •1511 - ) - FILE/PAG*171361 •
) BOOK 1973
•
) RECORDED REQUEST OF
When recorded mail to: ) LAND TITLE INSURANCE CO.
•POWAY MUNICIPAL WATER DISTRICT ) IJUN' 3:00 AMr73
Post Office Box 348 ) OFFICIAL RECORDS
Poway, California 92064 ) SAN DIEGO COUNTY, CALIF.
) HARLEY F. BLOOM, RECORDER
(5—)
) NO FEE
018/0/E' - e
E3C Po w A." 5'SAO ya -A,
SUBORDINATION AGREEMENT
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FOR VALUE RECEIVED, the undersigned, as Beneficiary under Deed of Trust
recorded in the Office of the County Recorder of San Diego County, April 7k 1961
as File No. 70142 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 Joan M. Malley and Virginia R. Krauszer
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 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 reliance upon and in consideration of
this waiver, relinquishment and subordination specific monetary and other obliga-
tions 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: )( June 8, 1973 BENEFICIARY:
IMPERIAL SAVINGS AND LOAN ASSOCAITION, Successor to
IMPERIAL SAVINGS AND LOAN ASSOCIATION OF THE SOUTH
BY:`,(
Lou Anderson, Assistant Vice President
BY: 1(
Mimi Wilson, Assistant Secretary :
STATE OF CALIFORNIA
COUNTY 0 an DDliego } 55. .
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On June 8, 1973
before me,
tn the undersicned, a Notary Public in and for said County and State,
personallyappeared Lou Anderson
• FOR NOTARY SEAL OR STAMP
known to me to be thakSB r t_Y/Weesident, and Mimi
• Wi 1 cnn, , known to me to be
- Assistant .• ..,.. ... . nmama "Irtmnmo
o Secretary of the corporation that executed the
o - 'rp, OFFICIAL SEAL
within Instrument, known to me to be the persons who executed the -
within Instrument on behalf of the corporation therein named, and � F HENRIETTA McCONNELL
S acknowledged to me that such corporation executed the within ' ' ,^`y NOTARY PUBJC-C,, •• _
o instrumentpursuant to its bylaws or a resolution of its board of €_ PRIN:! •r IN
U Y .,;,itr,,. SAN DIEGO COUNTY
• directors.
a My Commission Expires Nov. 8, 1975 §
o Signature .4144+M-✓✓In/ he-, `O'YIntl .,
r- k
•ti ^ Henrietta McConnell
um
Name (Typed or Printed)
Notary Public in and for said County and State
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rpuc,.-N\A . 1 70 R