Subordination Agreement 1796-358151 76-358151
•
• ) •
1859 ) F,LE/P•BOOK 19T6
When Recorded Mail To: _ ) RECORDED REQUEST OF
) fIILE INSURANCE AND 1RUS1 COMPAM
POWAY MUNICIPAL WATER DISTRICT ) U
Post Office Box 348 ) OCT i1 3 22 PH '76
Poway, California 92064 )
) OFFICIAL RECORDS
/ 6 ) SAN DIEGO COUNT',NOLO F.t'LIIDM
"4t.iF
RECORDER
SUBORDINATION ACRENT
NO FEE
FOR VALUE RECEIVED, the undersigned, as Beneficiary under a Deed
of Trust dated November 1 , 1974 , recorded in the Office of the County
Recorder of San Diego County, December 5, 1974 File No. 74-317335
and as owner and holder of the obligations thereby secured does hereby make
subject and subordinate the liens thereof to the Easement granted by
Oakridge Holdings, Inc. •
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,
Oakridge Holdings, Inc. as Trustor,
Home Federal Savings and Loan Association of San Diego as Trustee,
and Home Federal Savings and Loan Association of San Diego 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.
DA't tai:
BENEFICIARY:
• Home Federal Savings and Loan Association
R/W r 961923 (B) of San Diego
Exc. 1
Proj . Stoneridge 1 BY-
Offs i te
Y:Offsite R/W William Schelling, Assist. V. r• T -•
BY:
Norma R. Shaw, Assist. V. P. TITLE
STATE OF CALIFORNIA,
SS.
COUNTS.'flY OF San Diego
On 1-6-75 • before me, the under—
sigaed, a notary Public in _necl. fer said .CM a.tv and
State, Personally appeared WLl.J .::n F. Schelling , FOR ;:OTAR:Y SEAL OR STAMP
known to me to be theAsst. VP President, and Norma R.
Shaw , known to me to be
Assist. V• P. 19LativeRVINicof the corporation that executed
gine- within Instrument, known to me to he the persons
who executed the within Instrument on behalf of the • OFF;•.;;;.L SEAL
corporation therein named, and acknowledged to be that RUTH H. ER.>CKING
such corporation executed the within instrument pursuant :;- "�,• ;iotA�Y Put?'tC Cn_tGo:�:.:,h
to its by-laws or resolution of its board of directors. k Princip_iJt:ice,aiDiee�Co.CAI.
' '
} � My Commission Exp.Oct. 2. 191b •
4,,e,2:1 ��« 6 .
Si.„nature of Nat
DOC. 7 A
• 4111 1860
• • GRANT OF RIGHT OF WAY
OAKRIDGE HOI4DIDC$, INC., a Minnesota corporation
, as Grantor, for and in consideration of the sum of One Dollar and
other valuable consideration paid by POWAY MUNICIPAL ATER.,D>;$TRICT,•-4 public corporation
as Grantee,receipt whereof is hereby acknowledged,do hereby grant to said
POWAY.MUNICIFAL..WATER..AZSIRICT
its successors and assigns,an easement of right of way ZQ.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
as Grantee may now or hereafter deem convenient and necessary from time to time, . • 1. - .t.• I •
444,44.4.414440414,4 .e+ '4►. , A. ,4...1••4. , .A^•. . A. (♦ , •t. .',.t'aVaGClaya
lands,together with the right to use said right of way for access to Grantee's rights of way situated in adjacent lands.
;• 1. •e . ! '! 1.t► ,t+.►. ' . it 4,4,4,64. t)• 4ts.t $416.4. „ 404 4 .t. . A• : 'Al •• • •.• •.• MCXX
.•.t: •Ar r, A A. .1,R ,1/. • , , 4. WE&
Said easement of right of way is particularly described as follows:
•
All that portion of Lot 2 of STONERIDCE COUNTRY CLUB CHATEAUS, in the County of San
Diego, State of California, according to the Map thereof No. 8014, filed in the Office
of the County Recorder of said San Diego County September 4, 1974, lying within a
strip of land 20.00 feet of even width, the center line of said 20.00 foot wide strip
of land being described as follows:
Commencing at the Southerly terminus of that certain 350.00 foot radius curve, concave
Westerly, in the Easterly line of said Lot 1 ; thence radial to said curve South 65°44'29"
East 30.00 feet ; thence South 24°15'31" West 436.60 feet ; thence North 22°00'00'• West •
41.52 feet to a point on the Southeasterly line of said Lot I, being the True Point of
Beginning of the herein described center line; thence North 22°00'00" West 133.43 feet;
thence North 58°21 ' 10" West 253.69 feet ; thence North 8°00'00" West 82.13 feet to a
point on the arc of a 50.00 foot radius curve, concave Northwesterly, in the Southerly
line of that certain 20.00 foot easement described in Parcel 1 of deed to the Poway
Municipal Water District filed in the Office of the County Recorder of said San Diego
County January 31 , 1973, as File No. 027705 of Official Records, a radial line to said
point bears South 16°49'36" East . .
•
EXH/B / T 0A "
NO CHARGE ON THIS DOCUMENT
FOR THE BENEFIT OF
�tl w".-27y NNti ., 4d/i'/- . sr/4i?
This Instrument filed for record by TRU Newtones
and Trust Company as an accommodation only If
has not bean examined as fo ifs execution or as
So its effect upon the title.