Subordination Agreement 1973-171362 FI4-1'71362
E NO,.
1512 ') BOOK 1973
�� When recorded mail tc,: ) RECORDED REQUEST OF
LAND TITLE INSURANCE CO. •
POWAY MUNICIPAL WATER DISTRICT ) •
Post Office Box 348 ) JUN22 8:00 AM'73
Poway, California 92064 ) '
) OFFICIAL RECORDS '
SAN DIEGO COUNTY, CALIF.
) HARLEY F. BLOOM, RECORDER
(. i/ ) NO FEE
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•
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, April 24 1963 •
as File No. 70143 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 oblige- •
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 (r//Q73 BE FICIARY:
7/-1,4-11-2
J �iE i'
LIE ' 1
1. 8Hitiat /�
IMRAK K M. HE IE
1
STATE OF CALI ORNIA n •
COUNTY OF �-rc SS. FOR NOTARY SEAL OR STAMP
aaon 6 /9 7 3 before me,
Cv
th undersigned, a Notary Public in and for said County and State, _ _
T, Oenonally appeared J. A. Relie and " OFF[CIAi. SeAL r
int DUANE E. JACKSON '
gn14,
9 Margaret M. Helie .,
E ri` G;gri4a NOTARY PUBLIC-CALIFORNIA
`fttt SAN DIEGO.000NTY
known to me +3• MyCommission Expires Oct.13,1975
o
• to be the persona whose nam ssa�ubscribed to the within �'• �%
instrument and acknowledged that they executed the same. 13505 Midland Rd., Poway, CA. 92004
✓ E.
Signature .0/ �Aounty "
Notary Pubic in and f said County and State DOC . 170 6