Subordination Agreement 1796-317392 • )
• )
76=317392
• ACCOMMODATIONOLING 24 ) F��E eooK 1976
) RECORDED REQUEST OF
When Recorded Mail To: )
) dgji€ glisartater
POWAY MUNICIPAL WATER DISTRICT ) SEP 28 8 45 AN e
Post Office Box 348 ) _
Poway, California 92064 ) OFFICIAL RECOR')S ^.FCOROER:
) SAN DIEGO COUNT,. -A: ;F. ?tr,nn make nfChine
3000 5-4/-/L ) HARLCV F.BLGOM • •.„.e,ng the .tt-
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SUBORDINATION AGREEMENT NO FEE , 'mental Agelty tra-
1, ......gin.
FOR VALUE RECEIbFM, the undersigned, as Beneficiary under a Deed
of Trust dated March 5, 1975 , recorded in the Office of the County
Recorder of San Diego County, April 25, 1975 File No. 75-097199 ,
and as owner and holder of the obligations thereby secured does hereby make
subject and subordinate the liens thereof to the Easement granted by
Robert McGinnis, Jack W. Crumley, Marshall L. Foreman, Jr. , and Klaus F. Radelow
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 cinder 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 August 2, 1976 as Document
No. 76-245220 of Official Records
and affects the real property described in the said Deed of Trust,
Clyde W. and Betty L. Nelson as Trustor,
Steward Title Company of San Diego as Trustee,
and K.N.Q. Co. as Beneficiary.
Beneficiary de ,":,and acknowledges that it hereby intentionally waives,
relinquishes ane su. rdinates 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 subuldiaaLion.
DATED: BENEFICIARY: -
K.N.Q. Co.
R/w # 300054-R
Exc. 4 �
Proj . Orange Garden BY: -�/f' dzi V / )43
TITLE
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BY: , l�yV L e � (�
TITLE
STATE OF CALIFORNI SS.
COUNTY OF /
On f_lQ- befoYe me, the under-
signed, a Notary Public in and for said County and
�+ f
State, Personally appeared jeWzr��' CLf Kivet,e'rj I FOR NOTARY SEAL OR STAMP
known to me to be the r— President, and
l/4// Q .J /1."..9/PeCit , known to me to be
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
C.-„,IGIA L F
corporation therein named, and acknowledged to be that r•”••.'y R.
such corporation executed the within instrument pursuant
to its by-laws or resolution of its board of directors. \„ 7S0 COUNTY,
.'.'y c- . . r^.'c- MAY ^ 197'3
imkau EowaY, CA 92064
• X/4/1411414 �� � •i nature of Notar
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NOTE: EEAR/NGS Si-OWN TAKEN FROM
DEED RECORDEO APRIL 25, /975,
DOCUMENT NO. 75-097/97 O.R.
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Project: ORANGE GARDEN RAV Tax Par. # 317-544-50
• PLAT
of easements required by the C
Poway Municipal Water District
C.A. J. C•F03-/98-00 i
Prepared by: R/W # .'00054 -R
Boyle Engineering Corporation Date: 12-/G-75 .