Subordination Agreement 1973-186324 •
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• ) FILE/PAGE N 6324
.10p
hen Recorded Mail To: 11536 ) BOOK 197.
. ) RECORDED REQUES, OF •
) LAND TITLE INSURANCE CO.
POWAY MUNICIPAL WATER DISTRICT )
Post Office Box 348 ) JUL6 8:00 AM'73
Poway, California 92064 ) '7 3 - 184=3 -11
) LFFICIAL RECORDS
aAN DIEGO COUNTY, CALIF.
) HARLEY F. BLOOM, RECORDER
)
) NU 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, ,Tune 9. 1972 , as File No. 146570 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
Tierra Bonita Estates
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-
Qwent shall be paramount and superior to the rights of any purchaser
U under any foreclosure of said Deed of Trust.
_j
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.
DA'11Jll, _� y�,'�"X-' ./,`�3 BENEFICIARY:
2
�---
Richard W. Kneale
STATE OF c,1if„ n;
County of Piversid:
On this :'6rh day of _'u-c A.D.,19 -'3,before me, Ports D=hor.ey
a Notary Public in and for the said County and State, residing therein, duly
commissioned and sworn, personally appeared Richard W. Kneale
personally known to me to be the person whose name ,,--
subscribed
ssubscribed to the within Instrument, and duly acknowledged to
me that he executed the same.
IN WITNESS WHEREOF. I have hereunto set my hand and affixed
my official seal the day and year in this certicicate first
above written.
, c )...cit...-.-1._- Z,{.--1-111—% 7-
Doris Dehorey
poc. 1`l1A .
1-iw&-P zi19.43-R, ---