Subordination Agreement 1974-144975 •
•
•
, CORDER:
No* ,` ase make n0 charge •
f rec[vd,y, the att•
ached inst,,mc-It. a )
Is being re,Gorde )
connection with a'ic•
When Recorded Mail To arnw,ent.a eency tie- )
n,actld n. ) .74-1449'75
) FILE/PAGE NO..___
BOOK 1974
POWAY MUNICIPAL WATER DISTRICT ) RECORDED REQUEST OF
Post Office Box 348 1587 ) LAND TITLE INSURANCE CO.
Poway, California 92064 )
JUN3 8:00 AM'74
)
OFFICIAL RECORDS
SAN DIEGO COUNTY, CALIF.
HARLEY F. BLOOM, RECORDER
) NO FEE
LTI Order No. 278626-R
LTI Escrow No. 44017-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, Dec . 29, 1972 , as File No. 344897 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
Joel 0. & Rosanne Holliday
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 ease-
ment 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 reli-
ance upon and in consideration of this waiver, relinquishment and sub-
.• ordination specific monetary and other obligations 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, relinquishment
and subordination.
DATED: 1, March 19 , 1974 BENEFICIARY :
Performing Arts Council of the Music Center,
a Californi coraorat • n
Pa By• \ / a-,ti�
Title
BY=� 90/Yri P
ssistant Secretary Title
STATE OF )
SS .
COUNTY OF
e
On , before me , a Notary Public in and for the said
County and State , duly commissioned and sworn, personally appeared
known to me to be the
and known to me to be the
of •
the corporation that executed the within instrument , known to me to be
the persons who executed the within instrument on behalf of the corpora-
tion therein named, and acknowledged to me that such corporation executed
the same .
WITNESS my hand and official seal .
•
• Notary Public in and for said
County and State
•
DOC • a054
TO 449 C
, (Corporation)
11588a
STATE OF CALIFORNIA
COUNTY OF LOS ANGELES } ss.
TOn March 19, 1974 before me, the undersigned, a Notary Public in and for said
IState, personally appeared F. Daniel Frost y
m known to me to be the Vice President, t_ ,
W• kiffral�iiC]L}�i�9C0i]I9{ of the corporation that executed the within Instrument.
x to me to be the persons who executed the within
aInstrument on behalf of the corporation therein named, and
acknowledged to me that such corporation executed the within ,:.a::-:uaaetettuutuuttsttttttsttuuutatnuuun
►- instrument pursuant to its bylaws or a resolution of its board LeZe°1 OFFICIAL SEAL E
of directors. -,-.
': 1-il' : MARIA T. SEQUEIRA a
WITNESS my hand and official seal. s
7. .‘:_.?:_.N.,,•r. NOTARY I'Uf1LIC-CALIFORNIA
�` or 1 PRINCIPAL OFFICE IN =
1- Signature 1 .,.--
4 - 1 LOS AOGC!ES COUNTY
My Cotrimiss ori Expires Oct. 29, 1974E
le
Maria T. Sequeira l.s..,su,nstn; it,rtiei'a>,•F's-e•.nv,:t:r:atrinritIF
Name (Typed or Printed)
(This area tar o@eiai notarial seal)
• TO 449 C
• )(Corporation) O
tI STATE OF CALIFORNIA
e } SS.
F COUNTY OF LOS ANGELES )
4 On _ March 151_1974 before me, the undersigned, a Notary Public in and for said
State, personally appeared _ John P. Anderson
W
= known to me to be the Assistant Secretary of the corporation that executed the within Instrument,
W known to me to be the persons who executed the within
iL Instrument on behalf of the corporation therein named, and
• acknowledged to me that such corporation executed the within
1- instrument pursuant to its by-laws or a resolution of its board •to
IM�I�
of directors. .a OFFICIAL SEAL. 3
WITNESS my I nd and official seal. • / i ., LIANA LCUTTIT
_ • ,', " NOTARY r.J9:•"'•i:FORNIA
S , - 7,,4..-45tk. �y ?I !;CIS:t. cfrr;r IN
Sig,' O i / 1 . • L;;S Ar4GELES COUNTY
= My Commission Expires Sept. 20, 1976
4 la
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IWNMMMIMMMMIMINIIIII$4 nN1ntM,t:M III.I.l_ll11NNM.YWIMaW
11111�
+++, T
Name (Typed or Printed)
(This arca for official notarial seal)