Subordination Agreement 1975-201952 •
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93 3 '7 567 ) '75=2a1
When Recorded Mail To: ) FILE/PAGE NO
1975 ���
) RECORDED REQUEST OF
POWAY MUNICIPAL WATER DISTRICT ) TITLE INSURANCE & TRUST CO.
Post Office Box 348 ) AUG 1 8:00AM'75
Poway, California 92064 ) OFFICIAL RECORDS
) SAN DIEGO COUNTY, CALIF.
HARLEY F. BLOOM
NO FEE
SUBORDINATION AGREaMENT
FOR VALUE RECEIVED, the undersigned, as Beneficiary under a Deed
of Trust dated January 2, 1974 recorded in the Office of theo t
C un y
Recorder of San Diego County, February 5,1974 File No. 74-029666
and as owner and holder of the obligations thereby secured does hereby make
subject and subordinate the liens thereof to the Easement granted by
Panorama Hills, a limited partnership
to POWAY MUNICIPAL WATtit 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 a foreclosure
of said Deed of Trust.
Said easement is described in Document recorded March 19, 1975 as
Document No. 75-062953 of Utticial Records .
and affects the real property described in the said Deed of Trust,
Mercury Construction Company as Trustor,
Security Title Insurance Company as Trustee,
and Sons of Sacred Heart as Beneficiary.
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 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: BFNEFT CI A RY:
Sons of Sacred Heart, a corporation
.R/t4 # 983788
Exc. 3 _
Proj. Panorama Hills BY:
'Unit No. 1 TITLE
BY: 6?
TITLE
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Ofrl� o
STATE OF. ,
COUNTY OF /4/fI/te/G rO^/ SS.
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On /,4Y Z.2 /y2,-before me, the under-
• signed, a Notary Public in � for sai County and
State, Personally appeared C 14,e/6/E5 , FOR NOTARY SEAL OR STAMP
25k wn to me to be the 46:-,$. and
ESAre- A4 ZZOLR , known to me to be
Secretary of the corporation that executed
the within Instrument, known to me to be the person:
who executed the within Instrument on behalf of the
corporation therein named, and acknowledged to be that
such corporation executed the within instrument pursuant
to its by-laws or resolution of its board of director:_
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AWL •
ign to of Notary
LARRY MCtGAN
Notary Pub?ic.!I.!TI Co^. Co n ty,Obit b Q C . 212,4—1 ct 4 -
k• �:..aion£.cyiros Aug. 24. 2976 d
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