Subordination Agreement 1975-277834 •
OP112.} )
1111 When Recorded Mail )
) ,5-.177 n14-
POWAY MUNICIPAL WATER DISTRICT ) FILE/PAGE
Post Office Box 348 ) i3o 97
Poway, California 92064 ) RECORDED REC,Uh.ST OF
) LAND TITLE INSURANCE CO.
) OCT 9 t -
> 8:00 AM1�
Escrow No. 44055-P )
Title Order No. 281111-R ) OFFICIAL RECORDS
) SAN DIEGO COUNTY, CALIF.
HARLEY F. BLOOM, RECORDER
)
NO FEE
pFCOROER:
•'i,ase make no Charge
SUBORDINATION AGREEMENT recording the tett-
,ed instrument. It
being recorded In
FOR VALUE RECEIVED, the undersigned, as Beneficiary under Deed of •,ectionwitHaGcv-
mental ARency tra•
® Trust recorded in the Office of the County Recorder of San Diego County,
August 18, 1975 as File No. 75-218917 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 LAWRENCE E. BURROWS and ARLENE
M. BURROWS, husband and wife 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 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: i(`7cr eie-• b/ is BENEFICIARY:
CENTRAL FEDERAL SAVINGS & LOAN ASSOCIATION,
By: s!� -A'' ` 43S T ✓�2,eeeriDav i
Title
. , Aille
By: ✓ r ,i/i.,_ 0, / 2 .s5-i- /)
Title
STATE OF CALIFORNIA )
COUNTY OF�S,MAb/PG. a ) S S.
On 416;e,.6;e,. ` (:,, /97 , before me, a Notary Public in and for the
said County and State, duly commissioned and sworn, personally appeared
)>/94,/, ( I 2,7-' known to me to be the/94.:c,ST4,'-7 ee'637P.c' v
and . 7"2 irit/ 4) &;> e. known to me to be thei9.SsisT,v.i;?C',Pc- i7RPci 0,-,A.,7-
of
,A.,;of .TeAl- A--," ,0Au s-C9d wit ,- ,, ,i, the corporation that executed
the within instrument, known to me to be the persons who executed the within
instrument on behalf of the corporation therein named, and acknowledged to me
that such corporation executed the same.
WITNESS my hand and official seal.
411 OFFICIAL SEAL
..-
JOYCE M. McGRENERA
, .�,�y I• N'JTARY PUBLIC • CALIFORNIA
c' -,.. 2., i*:,.:'`ti';-' Princi?J.I Cttr:e,San Diego Co.Celli,
My Commission Exp. Sept. 17. 1011 '
LANNWArAmemeArewww. -
-( t' ` 27 —72 (' i�: �ICr7� —
fL
Nota;L Public in and for said County and
State
(SEAL) ZO C. Z-30 C .