Subordination Agreement 1796-317393 1
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POWAY MUNICIPAL WATER DISTRICT ) 4P iy 8 45 p If
Post Office Box 348 ) i7
Poway, California 92064 ) VIC ',er fif ' ,
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.10005-41-47000.10005-41-47 ) •.� •,-r'
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SUBORDINATION AGREEMENT NO FEE s 'inORDER.
'nese mekr no •-.i rge
r recording the ett-
FOR VALUE RECEIVED, the undersigned, as Beneficiary under ,a Deed child Instrument. It
of Trust dated March 5, 1975 , recorded in the Office of the County 1" °e1n" recorded In
enect,nn with a Gov-
Recorder of San Diego County, April 25, 1975 File No. 75-097199 " mt,-tai Agency tuf-
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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 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.
I
I 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,
Stewart Title Company of San Diego as Trustee,
and Hanson Realty as Beneficiary.
i Beneficiarydeclares and acknowledges that it herebyintentionallywaives,
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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: September +`l, 1976 BENEFICIARY:
,
• Hanson Realty
. R/w # 300054-R
Exc. # 4
Proj . Orange Garden BY: J} id-/A4-1/ 414-- 1
TLF.
1 BY:
TITLE
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STAE OF CAtIFOR!:I•
San Die O FOR :J;'TARY SEAL OR STAMP
c'r= g !
Cin September 8, 1976 r. , ,. ,
Public r i one 'w card t.
Paul-Van Elder e n ieeeee nwti�w.e
fOFFICIAI. SEAL
:: ., C. RUSSELL JOHNSON
to be the pert o' .. - is ,, , 1.1 7j NC',\RY PUBLIC CALIFORNIA.
r • r Prir ,pal Office.San Diego Ca.'Calif.
he
nn `-'� / } My • .slon Exp Dec. 1. 1978 .
C. ' zussell Ohnson
Sad 5D
Signature of Notary
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NOTE: EEAR/NGS SHOWN TAKEN FROM
DEED RECOFOE0 APRIL Z5, /975,
--- DOCUMENT NO. 75.097/97 O.R.
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20' WATER LINE —
EASEMENT /� •
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iO�NT 1,/r.— 50 � li !
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Pro,j( c:t: ORANGE GARDEN R/W Tax Par. # 317-5O-50
• PLAT
of easements required by the
Poway Municipal Water District
C.A.N. C•P03-/69-DO
Prepared by: R/W # X00054 -R
Date: /2-1 '- 7: t
Boyle Engineering Corporation r