Subordination Agreement 1974-107485 )
111196
1 ) -10 7485
FILE/PACE HO„�'"'"”
When recorded mail to: ) UOOK i • RECORDER: {,
RECORDED REQUEST of iL Pince make noch•rne I,
for rncorltnR the att. 1
- POWAY MUNICIPAL WATER DISTRICT ) " '` t
1AND TITLE INSURANCE CO. I ::,:,,::::::::::"1,.°,:i.,',..,:,;.
Post Office Box 348 ) Ir� °o
Poway, California 92064 ) Appy 106 �� 9 nsacton, ,,F°„ , '
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) OFFICIAL RECORDS =_ -
) SAN 01E0000UNTY1CALIF,
) HARRLECBLR OM
RECORDER
NO FEE
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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, May 28, 1968
as File No. 89437 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 Deron Johnson and Lucille A. Johnson
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: X .-. /,5--- 7 3 BE ' .ICIARY:
•
' WILLIAM L. KOSTELEC
M a
BEATRICE KOSTELECKY
STATE OF CALIFORNIA
COUNTY OF SAN DTF.C;O SS' FOR NOTARY SEAL OR STAMP
r
_" On JUNE 15th 1971 before me,
a ,
`us the undersigned. a Notary Public in and for said County and State,
c personally appeared r,RVS,.-.. .wR,.JyJR'n„^.�h,•,' .. .^..ti'Yst
is WILLIAM L. KOSTELECKY & . SHEILA J. REDDEN
:e BEATRICE KOSTELEC'KY _ NOTARY PUBLIC
known to me y et . Principal Office.San Die&.o Co.Calif.
a• to be the person S -whose name S subscribed to the within My Commission Expires September 9. 1975
instrument and acknowledged that THEY executed the same. kWint dWit S"i'~~ae~.
w• n
Z '� Signature .��1 Q�L ) r F.J..4e0,1A-k_ n
Notary Public in and for aid County and State boa. 200 A