Subordination Agreement 1974-107486 6
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FILE/PBOOK 1974
RECORDED MOM Of
When recorded mail to: ) LAND TITLE INSURANCE CO.
POWAY MUNICIPAL WATER DISTRICT ) APR Z6 12 Ob �M '�+�
Post Office Box 348 ) OFFICIAL RECOR 6
Poway, California 92064 ) SAW01E0000U$TY. A4If
) NANO F,61004
MOW
LTI Order No. 283016-R NO FEE
LTI Escrow No. 44060-P
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, July 6, 1953
as />i✓i/Yd//d. Bk. 4911, page 459 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: March 13, 1974 BENEFICIARY:
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WI LLA ]!1�E G I R? GC-{ -'
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;l' . ' °• • TITLE INSURANCE AND TRUST COMPANY
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'•r••t�• "'S• BY: , �'[� - •
4.7 it • ASSISTANT SECRETARY
STATE OF CALIFORNIA
COUNTY OF SAN DIEGO ss.
MARCH 14, 1971 111
iOn before me,
the undersigned, a Notary Public in and for said County and State,
personally appeared JOHN He HINRICH`' FOR NOTARY SEAL OR STAMP
known to me to be the CEPresident, and
DORIS J. HOI,NiES , known to me to be
ASST Secretary of the corporation that executed the
within Instrument, known to me to be the persons who executed the
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within Instrument on behalf of the corporation therein named, and
acknowledged to me that such corporation executed the within
cj instrument pursuant to its bylaws or a resolution of its board of
directors.
a
U lb1 L
U Signature•
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Name (Typed or Printed)
Notary Public in and for said County and State
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LMy Commission Expires Sept. 15, 1376
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STATE OF CALIFORNIA _ 19b3
.
• COUNTY OF—sal. Ugg 1 0 SS.
_
_ On March 131 1974 _ before me,
I..m the undersigned, a Notary Public in and for said County and State.
personally appeared Willa Mae Gird FOR NOTARY SEAL OR STAMP
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— ----- , known to me Ousrc/Al SEAL
o to be the person whose name_ lscubscribed to the within ^-._l." SHARCN L. SIGLER
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instrument and acknowledged that— she executed the same. LCti 1 • iT 1'U':•1C :ALIN}<NIA :v' ••
< - _ % D^:.rIF41 OFFICE IN
•to Signaturs !/� My Cem;:_ ion Expires May 15, 1977 1
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8i.// _ Sharon L. Sigler
5.in Name (Typed or Printed)
i Notary Public in and for said County and State #2e0