Subordination Agreement 1973-339804 i
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When recorded mail to: ) BOOK 1973
RECORDED REQUEST OF
POWAY MUNICIPAL WATER DISTRICT ) LAND TITLE INSURANCE CO.
Post Office Box 348 ) DEC 10
Poway, California 92064 ) 3:00 AMr73
)
OFFICIAL RECORDS
) SAN DIEGO COUNTY, CALIF.
LTI Escrow No. 44023—P ) HARLEY F. BLOOM, RECORDER
LTI Order No. 279339-R ) NO FEE 0\� 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, April 10, 1972
as File No. 86593 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 DUANE R. VAN NOTE and GLADYS M. VAN NOTE, husband and wife
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 monetiry and other obliga-
tions will be entered into by Third Parties which would not oe made or entered into
but for said reliance and the execution by Beneficiary of this waiver, relinquish-
ment and subordination.
DATED:/December 5, 1973 BENEFICIARY:
WELLS FARGO BANK • , •. i',.
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Nianjeg.""%.......„.12- t.,-1 3
John : Held, %ftC` t=om c=-t-Q-w-y--
BY: / frf...tie-,./ i?4$77..3
STATE OF CALIFORNIA )
COUNTY OF Los Angeles } SS.
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a On December 5, 19 7 3 before me,
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to the undersicned, a Notary Public in and for 'aid County and State,
personally appeared John A. Held FOR NOTARY SEAL OR STAMP
known to me to Le the Vice —President, and — — - —
--- - , known to me to be ./✓1-1-.�.f"
Secretary of the corporation that executed the :0 ....4.. OFFICIAL SEAL l
within Instrument, known to me in he the persons who executed the 1. DOROTHY M. LOWELL
•
within Lou'intent on behalf of the corporation therein, named, and t !�
' NOTARY PUBLIC-CALIFORNIA
acknowledged to myTR ,
at such corporation executed the within Z `, '' / �
instrument purau to its bylaws or a resolution of its board ori', / COUNTY OF LOS ANGELES tl
directors. •_
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. My Commission Expires Aug. 4, 1974 1
7 �t
Signaler ''"'! i
a' p•�'. by M. Lowe 11
to
Name (Typed or i'rinted)
Notary Public in and for said County and State