Subordination Agreement 1973-1863222 )
• 1531 � y73-5322
•Y`.- 'When recorded mail to: ) FILE/PAGE
BOOK 1973
•
) RECORDED REQUEST OF -�
• POWAY MUNICIPAL WATER DISTRICT ) LAND TITLE INSURANCE CO. 103
Post Office Box 348 )
13 -1g
Poway, California 92064 ) JUL6 8:00 AM'73
) OFFICIAL RECORDS
SAN DIEGO COUNTY. CALIF.
. ) HARLEY F. BLOOM, RECORDER
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 30, 1958
+ ^
as File No. Bk. 7059, Pg. 584 and as the owner and holder of the obligations
lYY thereby secured does hereby make subject and subordinate the liens thereof to the
easement granted by DANIEL E. DILLON and CHARLINE H. DILLON
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: a—s' 73 BENEFICIARY:
PHOEBE M. LEACH
HOWARD C. LEACH
STATE OF CALIFJ, NIA ri
COUNTY OF ✓�Y�-ate iel/YT� SS' FOR NOTARY SEAL OR STAMP
On - p - T /97 3 before me,
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he undersigned, a Notar�j'uublic in and for said County and State. ,a:amrtaammmmtnntmnna m:nm mIIIIIu:umuiiuunn:uIIIII,innnunn,nuiiiiu:n
o personally appeared /Anehe /It - f/)C.i = OFFICIAL SEAL 3
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BETTE E. RYAN e
a4 NOTARY PtlaLIC-e:ALIFURNIA i
=li \�Y -f' PFINCItA. OFFi.:E IN
.w • , known Co me `�.. ..� SAN DIEGO COUNTY
Gto be the person whose name /5 cuhscribed to the within My Commission Expires Jan. 30, 1975
IwIIIIuamminauaunW:nuawmawnI umiun.mw.nnnu,,unnuuuR
instrument and acknowledged that .S.4-1 executed the same.
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Signature � � C---r - s-�C/�✓
Notary Public in and for said Cottdty and State
- .- -
X- Notary Public in and for said County and Stale
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