Subordination Agreement 1976-210023 1 [!
'• 76-210023
• ) • FILE/PAGE NO._
411 When Recorded Mail To: 1 290 ) RECORDED REQUEST OF
) LAND TITLE INSURANCE CO.
POWAY.MUNICIPAL WATER DISTRICT ) JUL 6 8:00 AM16
Post Office Box 348 )
Poway, California 92064 ) OFFICIAL RECORDS
SAN DIEGO COUNTY CALIF.
HARLEY F. BLOOM
RECORDER No FEF
)
SUBORDINATION AGREEMENT
FOR VALUE RECEIVED, the undersigned, as Beneficiary under a Deed RECORDER:
of Trust dated November 21 , 1975 , recorded in the Office of the Coml.' recrdegnthcehat
Recorder of San Diego County, December 9, 1975 File No. 75-345900 ,ached Instrument. It
and as owner and holder of the obligations thereby secured does hereby ma .-cw:tfhdeedGoIn
subject
and subordinate the liens thereof to the Easement granted by ernmental Agency tra-
JAMES A. DARE, JR. , and MARGARET B. DARE n'a`tien'
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,
JAMES A. DARE, JR. , and MARGARET B. DARE as Trustor,
FINANCIAL FEDERATION, INC. 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: May 3, 1976 BENEFICIARY:
PALOMAR SAVINGS AND LOAN ASSOCIAT1 N '"''' ..
R/W # 302283-R _ � pt
r
.• •_.
Proj . Golden Sunset/ BY: "s".."--- •
-- ` ,o
Crocker Road S. . eie en, V' e P tfzTL •'""�
Extension • . Lii,r/t1 qa.
BY: <i ���C�<
Asst. Secretary/Vice res. TITLE'
STATE OF CALIFORNIA,
COUNTY OF San Diego SS.
On 5-3-76 before me, the under -
signed, a Notary Public in and for said County and
State, Personally appeared S. H. Seiersen , FOR NOTARY SEAL OR STAMP
known to me to be theVice President, and
Florence Lindsey , known to me to he
Asst. Secretary of the corporation that executed
the within Instrument, known to me to be the persons -•
•
who executed the within Instrument on behalf of the # OFFICIAL SEAL
ELAINE F. STOREY
corporation therein named, and acknowledged to be that ;
• NOTARY PUBLIC • CALIFORNIA
such corporation executed the within instrument pursuant • PRINCI?AL OFFICE IN
SAN DIEGO COUNTY it,"
to its by-laws or resolution of its board of directors. : MycgMMIssION UNIUs NOYEMNI2s, 19)9 ,
• -t
Signature of Notary
Elaine F. Storey
QCC . 21-10
KCD
TYPED
=' ; 111 1291 •
COMP.
EXHIBIT A
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.An easement of right of way 20.00 feet in width 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, together with the right of ingress thereto
and egress therefrom, to and along said right of way by a practical route or
routes in, upon, over and across the hereinafter described lands, together
with the right to use said right of way in adjacent lands.
The lands in which said easement of right of way is hereby granted are
situated in the County of San Diego, State of California, and are particularly
described as follows, to wit:
The Easterly 336.39 feet of the Northerly 250.00 feet of the East Half of the
Northeast Quarter of the Northwest Quarter of the Southeast Quarter of Section 6,
Township 14 South, Range 1 West, San Bernardino Meridian, in the County of San
Diego, State of California according to the Official Plat thereof.
Said easement of right of way in the aforesaid lands is particularly described
as follows:
All that portion of said Easterly 336.39 feet of the Northerly 250.00 feet of
the East Half of the Northeast Quarter of the Northwest Quarter of the South-
east Quarter of Section 6, included within a strip of land 20.00 feet of even
width, the center line of said 20.00 foot wide strip of land being the Easterly
line of that certain 100.00 foot wide strip of land as described in Final
Judgement and Decree in Condemnation in Case No. 65 in the United States
District Court, Southern District, entitled United States of America vs. Edith
Norris, et. al. , filed in the Office of the County Recorder of said San Diego
302283-R County, November 17, 1949, in Book 3389, Page 380 of Official Records.
. x j
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Project: GOLDEN SUNSET k'D. CROCKER D. EXT. Tax Par. # 32/-2/0- Coo
PLAT
• of easements required by the
Poway Municipal Water District
•
c.A.N. C•P0.3-/95-00 E
Prepared by: R/W 1 5022E33 -R
!-:eyle f n ineerinn Corporation Date: 4 - 2 `'= 7�'