Subordination Agreement 1973-171400 •
) 41110
• lsoi )
When Recorded Mail To: ) 73-171400
BOOK 1973
POWAY MUNICIPAL WATER DISTRICT ) RECORDED REQUEST OF
Post Office Box 348 ) LAND TITLE INSURANCE CO.
Poway, California 92064 )
) JUN 2 2 8:00 AM'73
)
) OFFICIAL RECORDS
SAN DIEGO COUNTY, CALIF.
HARLEY F. BLOOM, RECORDER
Escrow No. 44039-P Order No. 281010-R ) NO FEE
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SUBORDINATION AGREEMENT Ege.ea J AA .
FOR VALUE RECEIVED, the undersigned, as Beneficiary under Deed
, -; \ of Trust recorded in the Office of the County Recorder of San Diego
County, March 27 , 1959 , as File No.Ek.7571, Pg. 409 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
Howard F. and Doris A. Roberts
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: BENEFICIARY:
IMPERIAL SAVINGS AND LOAN ASSOCIATION
formerly South Bay Savings and Loan Association
BY:
Marion Webb, Asst. Vice President Title
BY
Mimi Wilson, Asst. Secretary Title
STATE OF Ca1 i fnrni a )
SS .
COUNTY OF San Diego )
On June 19, 1973 , before me, a Notary Public in and for the said
County and State , duly commissioned and sworn, personally appeared
Marion Webb known to me to be the Asst. Vice President
and Mimi Wilson known to me to be the Asst. Secretary
of
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 .
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Al . HENRIETTA WCONNELL -
Notaryotary Pub icin and for said
T�yti ti�4li NOTARY PUBLIC-CALIFORNIA Countyand State
PRINCIPAL OFFICE IN
•• ` SAN DIEGO COUNTY = Henrietta McConnell
My Commission Expires Nov. 8, 1975
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(SEAL)