Subordination Agreement 1973-296539 ACCOW.fiODATION FILINV
• ' ) r��.e/PACE Mo73- 236539
1,386 ) RELORDC D RFOUE
When recorded mail to: ) Ade i ura
nte
) Ocr 23 d 43 AM '13
POWAY MUNICIPAL WATER DISTRICT )
Post Office Box 348 ) i_i:•L ` =CORDS
Poway, California 92064 ) SAN DIEGO COL ,TY.CALIF.
,AF; -"F SLOOM
Title Order No:281147-R ) I;tCOROER
)
) NO FEE
SUBORDINATION AGREEMENT
FOR VALUE RECEIVED, the undersigned, as Beneficiary under Deed of Trust
recorded is the Office of the County Recorder of San Diego County, May 31, 1967
as File No. 77022 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 18, 1973 BENEFICIARY:
SAN DIEGO TRU & SAV( BANK a corporation
BY: /-yuL-e-0/
BY: •141.
STATE OF CALF RNI.
COUNTY OF— an �iego •
• On Oc t a •er 18, 197"P-
IL
before
`a the underaizned, a Notar and for said County and S te,
personally appeared nl�ti
P. Bird FOR NOTARY SEAL OR STAMP
known to me to be th Arr _President, and
W. W. Jo
SSLS know o me to
c Ser. _ry of the corporattoi at executed '
9
o wi Instrument, kn , n to me to he the . ns who execut.•'the
S 'thin Instrument o ehalf of the ro . ation therein nam ', and
acknowledged to that such .ration executed t withi+ EILEEN R. FENNELL
instrument purs n o its by• . o a resolution of i . of �r~,
directors. , NGIARY PUbLIC
a ,
_44 �` Principai On iiLe,Sr;UieKo Co.Cal-if.
1 My Commission Expires September 22, 1974
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Name (Typed or Printed) r;..Notar 'ublic in and for said County and SW*. .• };•i f /�
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