Subordination Agreement 1973-289077 , • !
453 ) .
)
Wien Recorded Mail To : )
FILE/PAGE 73--28907 •
1973
POWAY MUNICIPAL WATER DISTRICT ) RECORDEDKREQUEST OF
Post Office Box 348 ) LAND TITLE INSURANCE CO.
Poway, California 92064 )
OCT 15 8:00 AM'73
RECORDER: )
Rises*melte no charge
LTI Order No. 281015-R for recarerng tt,e att. ) OFFICIAL RECORDS
LTI Escrow No. 44041-P aches instrument. 1t ) SAN DIEGO COUNTY, CALIF.
1s being recorded In , HARLEY F. BLOOM, RECORDER
wNO FEE
wooer t.on tei:r•a Oov•
ernmentsl Agency tra-
nse,t
SUBORDINATION AGREEMENT
( 4
FOR VALUE RECEIVED, the undersigned, as Beneficiary under Deed
of Trust recorded in the Office of the County Recorder of San Diego
County, Feb. 2, 1973 , as File No. 73-029388 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
Michael J. and Cheryl C. Collins
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: g - 3 BENEFICIARY :
MORTGAGE GUARANTY INSURANCE CORPORATION
" , 2441/ / I4
By: I�
Kenneth E. Sarles, Vice President Title
By : \
Title
STATE OF WISCONSIN
SS .
COUNTY OF MILWAUKEE
On August 7, 1973 , before me , a Notary Public in and for the said
Countyrand State , duly commissioned and sworn, personally appeared
Kenneth E. Sarles Vice President
known to me to be the
anal cwAiirkxWooktibotkkxibi.)0619te
of Mortgage Guaranty Insurance Corporation
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L.:IC C'.VLtJVtClL11111 1..11 C11.. EnCl.li l.CU 1.110 vvi uliri 111J�.i uii�ar� , , Vry it �.v mc to 1✓.:.
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 .
Notary Public in and for said
County and State
a • � My Commission Expires Mares, 23, 1971
t�Af.7 .
9 .111
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