Subordination Agreement 1973-172937 When Recorded :'ail Till 319
)
) 73-=172937
„)WAY MUNICIPAL ::ITER DISTRICT ) FILE/PAM NO.
Post Office Box 348 ) BOOK 1973
REC
Poway, California 92064 ) ��REQUEST OF
) -3 LAND TITLE INSURANCE CO.
) JUN 2 5 8:00 AM'73
)
Ir, ) OFFICIAL RECORDS
lv ) SAN DIDGO COUNTY. CALIF.
NO FEE
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, JvL.y /4 07/ , as File No. /514/ z 7 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
. gTNc)2 CPA PA C A.4 L . Vqy A
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.
DATF,D. 4/22/73 BENEFICIARY :
t-�0mE EcoE'te.41. -54v/...)1c .¢,vb boat/
4 5 S o c /4 T/0 n/ of San Diego
• 11 a ►,
By : Wim iam chellinq Title
ASsistan . President
B5f'5, 2_&!.fTZ
Dale I. Woltti Assist. Secraiatt2p
STATE OF California )
SS .
COUNTY OF San Diego )
On April 20, 1973 , before me , a Notary Public in and for the said
County and State , duly commissioned and sworn, personally appeared
William Sclielling known to me to be the Assistant 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 .
`�. FRANKIE L. WELLS
t' NOTARY PUBLIC
otary Public in and for said
Principal Office,San Diego Co.Calif. County and State
My Commission Expires January 2. 1971
(SEAL)
281027-R zec. tin A
,� - ` c/Aa