Subordination Agreement 1973-179632 • ) 73-179632
• When Recorded Mail Toil 1'790 ) FI E NO.. A"
� . •
BOOK
• ) RECORDED REQUEST OF
LAND TITLE INSURANCE CO.
POWAY MUNICIPAL WATER DISTRICT ) i��;32-
Oat 'Office Box 348 ) JUN 2 9 8:00 AM'73 •
Poway, California 92064 ) (7 t
OFFICIAL RECORDS
SAN DIEGO COUNTY, CALIF.
HARLEY F. BLOOM, RECORDER
) NO FEE
Eg0,?ow 44 . yyo3S-p
SUBORDINATION AGREEMENT ,v.18/4706) --
' FOR VALUE RECEIVED, the undersigned, as Beneficiary under Deed
of Trust recorded in the Office of the County Recorder of San Diego
County, April 11 , 1973 , as File No. 73-094572 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
Raymond Copes, III and Janna R. Copes
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! , //4/715
BENEFICIARY:
Great Western Savings and Loan Association,
a corporation
By: ' 7,•
Title
By: ► :!!��. /
1 �
STATE OF CALIFORNIA ) Tit e
SS .
COUNTY OF SAN DIEGO )
On June 14, 1973 , before me, a Notary Public in and for the said
County and State , duly commissioned and sworn, personally appeared
A. R. Cottee known to me to be the Vice President
and E. Griffiths known to me to be the Assistant Secretary
of GREAT WESTERN SAVINGS AND I,QA,N ASSOCIATION
the corporation that execute 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 .
/ d
4WN.ILYeWw.e.v.w.dLr5rV5r1rw6 , /
ol': ICSAL SEAL
FP+ti'E DIGAN No ary' ublic irVand for said
` r:n�- r L,LIC Cr,LI ORNIA County and State
:1 A C'_./A,toN COUNTY
k'y!c.....,;:i;a:xplres Mar.25,1975
'.L`..:.-,Arir"•W eer■'unit.
(SEAL)
DOC• 17'-i 4-