Subordination Agreement 1973-198419 ACCOMMODATION FILIN( 429
'j 3 < . . .
• ) a.— a08 419
• FILE 7
BOOK 1
) RECORDED REQUEST OF �,
When recorded mail to: )
) LAND TITLE INSURANCE CO.
POWAY MUNICIPAL WATER DISTRICT ) JUL 18 8 41 AM '14
Post Office Box 348 )
Poway, California 92064 ) OFFICIAi I i. OROS
)
SAN DIE00 COUNTY,CALIF,
HARLEYF,BLOON
RECORDER
Escrow 44028-P, Order 279448-R ) NO FEE
Tq_x PRReCL_ nb. _..92 1 -i3.,2 _oc,
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, July 27, 1972
as File No. 194718 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 Jack C. Kitteringham and Marilyn J. Kitteringham
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:' July 16, 1973 BENEFICIARY:
SAN DIEGO FEDERAL SAVINGS ANIi. LCAbf,ASSOCIATION
A-114.../if--i112-<)
•
BY:
Vic President , :- o` c1-4 (Title)
.
• r G V
BY:`k 1 •
Ass tans Secretary, / ;, (Title)
STATE OF CALIFORNIA 1
COUNTY OF San Diego } SS.
e On July 16, 1973 111 before me,
0 the undersigned. a Notary Public in and for said County and State,
personally appeared A• Wells __, I FOR NOTARY SEAL OR STAMP
C. known to me to be the ViCe _President, and
' Virginia Oehl
1 o°c g --_ _, known to me to be
o• Assistant Secretary of the corporation that executed the ,y -
.416 within Instrument, known to me to he the persons who executed the OFFICIAL SEAL
° •�, GLADYS I. HICKEY
o within Instrument on behalf of the therein named, and ���}
a. acknowledged to me that such corporation executed the within 7 ailif 0 NOTARY PUBLIC CALIFORNIA
O-
0
i...:
U instrument pursuant to its by-laws or a resolution of its board of
towl PRINCIPAL OFFICE W
U directors. I �^7.•:c,-- SAN DIEGO COUNTY
a My Commission Expires April 13, 1976
N / � ? lc i
U Signature 1
•
0 0
•-y Gladys I. Hickey
a Name (Typed or Printed)
I Notary Public in and for said County and State
DCC . 178 A -