Subordination Agreement 1973-294362 1 11W I RECORDER: •
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,,,,• BOOK 1973
RECORDED REQUEST OF
POWAY MUNICIPAL WATER DISTRICT ) LAND TITLE INSURANCE CO.
Post Office Box 348 )
Poway, California 92064 ) OCT 1 9 8:00 AMf73
)
LTI Order No. 281147—R ) OFFICIAL RECORDS
SAN DIEGO COUNTY, CALIF.
LTI Escrow No. 44059—P ) HARLEY F. BLOOM, RECORDER
•
\ J 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, March 17, 1966
as File No. 45274 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 Elda Northrup and Jeanne Lundemo
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: October 15, 1973 BENEFICIARY:
FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF SAN DIEGO
eve A. Morton Vice President
C a
BY:
C. A. Patapow Asst. Secretary
'! 5 '
•
STATE OF CALIFORNIA '
COUNTY OF } SS.
On October 15, 1973 , before me.
_o
'2 the undersigned. a Notary Public in and for said County and State,
personally appeared _ Steve A. Morton FOR NOTARY SEAL OR STAMP
known to me to be the— V1Ce__ President, and_ —_
C. A. Patapow known to me to be
Assistant Secretary of the corporation that executed the rk tae
within Instrument, known to me to be the persons who executed thr CFF:CIAI. J�hi
° within Instrument on behalf of the corporation therein named, and
$
acknowledged to me that such p PHYLLIS R. WALTER$ corporation executed the within Np7q,74PU;_IC CA'
instrument pursuant to its bylaws or a resolution of its board of
directors. y♦%
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Name
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Notary Public in and for said County and State
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