Subordination Agreement 1976-050204 ) FI /PAGE N?6-050204
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1942. BOOK 1976
RDED REQUEST OF
) FIRS CALIFORNIA TITLE CO.
When Recorded Mail To: )
) f=E B 2 3 9:00 AM'76
POWAY MUNICIPAL WATER DISTRICT ) OFFICIAL RECORDS
Post Office Box 348 ) SAN DIEGO COUNTY, CALIF.
Poway, California 92064 ) HARLEY F. BLOOM
) RECORDER NO FEr
)
SUBORDINATION AGREEMENT
FOR VALUE RECEIVED, the undersigned, as Beneficiary under a Deed
of Trust dated April 18 , 1973 , recorded in the Office of the County
Recorder of San Diego County, April 20, 1973 File No. 73-104899
and as owner and holder of the obligations thereby secured does hereby make
subject and subordinate the liens thereof to the Easement granted by
K.N.Q. Co. , a California corporation
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 a foreclosure
of said Deed of Trust.
Said easement is described in EXHIBIT "A" attached hereto and affects the
real property described in the said Deed of Trust,
Center Poway, Ltd. , a limited partnership as Trustor,
Financial Federation, Inc. , a Delaware corporation as Trustee,
and Palomar Savings and Loan Association 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: February 3, 1975 BENEFICIARY: •
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PALOMAR SAVINGS AND LOAN ASSOCIATION ' 1.',5rfi
RAW # 99212-H
Exc. 7' 8
BY: U
J. r1. d , F es dent TITLE
Air&
Step n . eiersen, Vice Presiden'ITLE`
STATE OF CALIFORNIA, SS.
COUNTY OF San Diego
On Feb. 3, 1975 before me, the under -
signed, a Notary Public in and for said County and
State, Personally appeared James M. Rady , FOR NOTARY SEAL OR STAMP
known to me to be the President, and
Stephen H. Seiersen , known to me to be
Vice President 9etweQmoxy of 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 be that •
nFFr(:1.1[. SEAL
such corporation executed the within instrument pursuant : FLORENCE LINDSE
to its by-laws or resolution of its board of directors . i� :'c NOTARY PUBLIC Cstl OR IA
PRINCIPAL O«!CE IN
• r- SAN DIEGO COUNTY
= wi COLTS,6i EXPIMf3 IANUAN 23, :T-• •
-�' __ / re)
Signature of Notary
Qoc . 237 (
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EXH/8/T 0A
GRANT OF RIGHT OF WAY
KNQ GO, , a California corporation
, as Grantor, for and in consideration of the sum of One Dollar and
other valuable consideration paid by
POWAY MUNICIPAL WATER...D.I.S.T.RI.C.T.,...a..p.u.b.l.i.c..cor.aorati.on
as Grantee,receipt whereof is hereby acknowledged,do hereby grant to said
POWAY MUNICIPAL WATER DISTRICT
its successors and assigns,an easement of right of way..XXXXXXXXXXXXXXXXXYeXXiYJ6 tY in,upon,over,under,and across the
lands hereinafter described, to erect,construct, reconstruct, replace, repair, maintain and use a pipeline or pipelines for any and
all purposes,together with their necessary fixtures and appurtenances including but not limited to facilities for power transmission
and communication purposes,at such locations and elevations,upon,along,over and under the hereinafter described right of way
as Grantee may now or hereafter deem convenient and necessary from time to time,Wgf9(teMi+ (t3S+XXintXiarik{r}SaHeXtXXtYt�(
M17,Xtli!(4*Xanik YtM X Xd 3(A,304 ktX(XXIXA X(X N 4 X 1XtX X X XIX-f 9(SOOPPX X K LA.KXXH hIDCX XS*9(4(9'X,M k W
lands,together with the right to use said right of way for access to Grantee's rights of way situated in adjacent lands.
"MUM XIX MC XXx1IXXIXIAX, X xiAlAUXXKX44,400XIXIMIXIXantX1XxXXx:XXIXXXX.xx.xxxxxxxxxxXxxxx
)SiXtk X K4Z lrGie U MED*XXANc ,(•X'*'YaWtDbXXUtX M(Hi(
Said easement of right of way is particularly described as follows:
All that portion of the Northwest Quarter of the Southwest Quarier of Section 13,
Township 14 South, Range 2 West, San Bernardino Meridian, in the County of San
Diego, State of California, according to the United States Covernment Survey
approved November 19, 1880 described as follows:
Beginning at the intersection of the Southerly line of. the Northerly 50.00
feet of said Northwest Quarter of the Southwest Quarter of Section 13, and a
line drawn parallel with, and distant 12.00 feet Westerly, measured at right
angles, from the Easterly line of land described as Parcel 1-C in Deed to
Nixon-Kinney Realty, filed in the Office of the County Recorder of said San
Diego County December 17, 1969 as Document No. 223749 of Official Records;
thence along said parallel line, South 1°07'00" West 275.00 feet to the Southerly
line of the Northerly 325.00 feet of said Northwest Quarter of the Southwest
Quarter; thence along said Southerly line, North 89°0S'30" West 290.00 feet;
'thence South 1°07'00" West 20.00 feet to the Southerly line of the Northerly 345.00
feet of said Northwest Quarter of the Southwest Quarter; thence along said
Southerly line, South 89°08' 30" East 310.00 feet to a line drawn parallel with,
and distant 8.00 feet Easterly measured at right angles, from said Easterly
line of Nixon-Kinney Realty land; thence along said parallel line, North
1°07'00" East 40.00 feet; thence South 89°08'30" East 20.00 feet; thence North
1°07'00" East 10.00 feet; thence North 89°08'30" West 20.00 feet to the above
mentioned line `drawn parallel with, and distant 8.00 feet Easterly, measured
at right angles, from said Easterly line of Nixon-Kinney Realty land; thence
along said parallel line North 1°07'00" East 245.00 feet to said Southerly
line of the Northerly 50.00 feet of. the Northwest Quarter of the Southwest
Quarter of Section 13; thence along said Southerly line, North 89°08' 30" West
20.00 feet to the Point of Beginning.
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