Subordination Agreement 1973-172939 . • 321 ) '73--.2939 / 72 93?
FILE/PAGE NO.. _
BOOK 1973
RECORDED REQUEST OF
• When recorded mail to: ) LAND TITLE INSURANCE CO.
POWAY MUNICIPAL WATER DISTRICT ) JUN 2 5 8:00 AM'73
Post Office Box 348 )
Poway, California 92064 ) OFFICIAL RECORDS
SAN DIEGO COUNTY, CALIF.
HARLEY F. BLOOM, RECORDER
) NO FEL
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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, September 22, 1971
as File No. 215436 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 Arthur C. Vega and Paula L. Vega
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:N9 j- / 7r/73BENEFICIARY:
,• . L�i
SAN DIEGO FEDERAL SAVINGS AND LOAN AASSOCIATIOi4`:• t,
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BY: 7-74e&& -Ake/4e . /I. .-... ::.;:
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BY:'( . " C -A!, _ Cl''-.r, ' : 1'v.,. .
STATE OF CALIFORNIA
COUNTY OF SAN DTFJ O 3' SS.
On _June 21, 1973 111 before me,
4 the undersigned, a Notary Public in and for said County and State.
o personally appeared Anti M. Downs FOR NOTARY SEAL OR STAMP
known to me to be theVice _-President, and
Helga S. Hegard , known to me to be
c Assistant Secretary of the corporation that executed the
o
within Instrument, known to me to he the persons who executed the , ,�, .
O-
within ln,trument on behalf of the corporation therein named, and r�•�l. OFFICIAL SEAL
acknowledged to me that such corporation executed the within ,-'
u instrument pursuant to its bylaws or a resolution of its board of ;S4,...?.....,`40:A
WILMA ROWE
directors. RY PUflLICCALIFORNIA
u PRINCIPAL OFFICE IN
SAN DIEGO COUNTY
`� iMy CssiExpires July 5, 1974
a
7,h o
Name (Typed or Printed)
i Notary Public in and for said County and State
CK. ' I73C--