Subordination Agreement 1973-348999 • r9 ) •
When recorded mail to: ) FILE/F AGE N7. — C ( 9
BOOK 1 3
) RECORDED REQUEST OF
POWAY MUNICIPAL WATER DISTRICT ) LAND TITLE INSURANCE CO.
Post Office Box 348 )
Poway, California 92064 ) DEC 1 9 8:00 AM'73
)
OFFICIAL RECORDS
SAN DIEGO COUNTY, CALIF.
LTI Order No. 279340—R
RAREFY F. BLOOM, RECORDER
LTI Escrow No. 44024-P ) NO FEE
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, October 12, 1973
as File No. 73-287877 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 EUGENE WALLER CHANDLER and SHIGEKO CHANDLER, 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 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:. !)ro('. 1 3 , 197'3 BENEFICIARY: ESCONDIDO NATIONAL BANK, a National
Banka g Association
L:/ 77/741\ v
ce President-Manager
By:/
STATE OF CALIFORNIA
COUNTY OF_ San Diego SS.
December 13, 1973
v On before me,
"D the undersigned. a Notary Public in and for said County and Stair,
a personally appeared _ M. L GIBBS* _ _ FOR NOTARY SEAL OR STAMP
known to me to be the Vice _.Pre'ident, and• ----
cc --- ___ _ , known to me to be
Secretary of the corporation that executed the _
within Instrument, known to me to hr the persons who executed the OFFICIAL SEAL
within instrument on behalf of the corporation therein named, and • :. BRYNNE L. ZENZ
o acknowledged to me that such corporation executed the within � ;H� NOTARY PUBLIC-C.ALIFORNIA
�j instrument pursuant to its by-laws or a turisin of its board of ¶ f S-P PRINCIPAL OFFICE IN
directors. k SAN DIEGO COUNTY
a r Commission Ex r ires November 16. 1974 1
U Signature L �C
Name iTyped or tinted)
Notary Public in and for said County and State
•
p0C. 12;1 Pi