Subordination Agreement 1974-144977 ' •'ki RECORDER:
Neese make
for record+;: )
ached Instrvn-c,t.
h being recorded M )
When Recorded Mail To: `°"""t'°""t"'"" )
err menTat Agency gra•
nsaction. , ) 74-144977
) FILE/PAGE NO..___
POWAY MUNICIPAL WATER DISTRICT ) BOOK 1974
Post Office Box 348 1590 ) RECORDED REQUEST OF
Poway, California 92064 ) LAND TITLE INSURANCE CO.
JUN`i 8:00 AM'74
) OFFICIAL RECORDS
SAN DIEGO COUNTY, CALIF.
) HARLEY F. BLOOM, RECORDER
LTI Order No. 278626-R NO F
EE
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 •VATER 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: INov. 16, 1973 BENEFICIARY:
California Institute of Technology,
a California corporation
By: • �C� .. „.....„.?„,<r_____
s a )Treasurer Title
By:B : C • ( ASSISTANT: SECRETARY
RET
Title
STATE OF l. �Z',>'}..2„,.`.�' )
SS .
COUNTY O� )
On , 2, / ' /97 ? , before me, a Notary Public in and for the said
Cou ty and State', duly commissioned and sworn personally appeared
, . ' _ , known to me to be the ,
and / / d"„, _ known to me to be thet, 'c`i,
of _
the c•_poration that execA ted the wi. 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 .
. ,Qs.a...e...e(fr).4-71 .4
Notary Public in and for said
L County and State •
y ' OFFICIAL SEAL
t
(SE.:-.1..)) y•°` Janet C. Glaviano
U �R NOTARY PUr3L•C CALIFORNIA
1: ,,1
w ,'04:alr
PRINCIPAL OFFICE IN
LOS ANGELES COUNTY
My Commission Expires November 3. 1975
Doc.205 G