Subordination Agreement 1796-368537 • • 76=368537
Fi1.E/FA:f NO.
• • SCCOMMODAT1Oi Felb ) 900K 131b
1421 ) RECORDED REQUEST t►
• when Recorded Mail To: ) jam gale itie Jnsuram, ee
)
POWAY MUNICIPAL WATER DISTRICT ) j� 4 8 4S �N ��b
Post Office Box 348 )
Poway, California 92064 ) QFFICIALRECORIS
) SAN DECD COUM1t..•n.
HARLE ' F ! LOOM
304559-G SUBORDINATION AGREEMENT
56.00
FOR VALUE RECEIVED, the undersigned, as Beneficiary under a Deed
of Trust dated June 4, 1975 , recorded in the Office of the County
Recorder of San Diego County, June 18, 1975 File No. 75-152970
and as owner and holder of the obligations thereby secured does hereby make
subject and subordinate the liens thereof to the Easement granted by
Valle Verde West, Ltd.
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,
Valle Verde West, Ltd. as Trustor,
Trans-Coast Services, Inc. as Trustee,
and Security Savings and Loan Association as Beneficiary.
4,*4't 4 sra>tett,P•4.Rox Kat, oKi444 ,c4 . 15 3,0
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: Oc_ober 7, 197 BENEFICIARY:
•Security Savings ' 1oa►1 As
�,osociation
Rlw # 304559-R
Exc. # 6 ��, .r:_
Proj . Valle Verde BY: M:►: ► !. .+>sr'+�1ilu11r.a!'>�!1•i cwt yirP President
West _ = _,� / •� TITLE
, i
BY: I DA J.14 :Eta. lssi t !rice President
O,- X,.. • TITLE
I ti
STATE OF CALIFORNIA, SS.
COUNTY OF Ventura
On Oct. 7, 1976 before me, the under -
, signed,
nder -
signed, a Notary Public in and for said County and
State, Personally appeared Chandler K. Clough , FOR NOTARY SEAL OR STAMP
known to me to be theAsst.Vice President, and
Linda J. Tullberg , known to me to be
Asa. Vice President, 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 OFFICIAL SEAL
such corporation executed the within instrument pursuant 4 ;3 JUDY THiELE
-
to its by-lawsNOTA.( PUBUC • CAUFORNI
or resolution of its board of directors . • ,
`�
� ...�� ve::Turn couurr
Cy a:r.tm. cza:re3 CEC 2. 15,7
—) •
i` Signature of Notary
//Jud , Th ele
l./ J
Doc zs9e
TYPED BVH
COMP •�� •
EXHIBIT A 1422
An easement of right of way 20.00 feet in width in, upon, over, under
and across the lands hereinafter described, to erect, construct, re-
construct, 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 trans-
mission 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 for access to 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 :
Parcels 1 and 2, as delineated and designated on Parcel Map No. 3422,
filed in the Office of the County Recorder of said San Diego County
January 23, 1975, being a portion of Lot 27 in Tract "F" of Poway, in
the County of San Diego, State of California, according to the Map
thereof No. 536, filed in the Office of the County Recorder of said
San Diego County May 7, 1888.
Said easement of right of way in the aforesaid lands is particularly
described as follows:
All those portions of said Parcels 1 and 2 described in Parcels "A"
and "B" below:
PARCEL "A":
Commencing at a point on the Northerly line of said Parcel 2, distant
thereon North 89°10'26" West, 35.01 feet from the Northeast corner of
said Parcel 2, being a point on the Easterly line of said Lot 27 of
Map No. 536; thence along said Easterly line, South 00°22'12" East,
155.00 feet to the TRUE POINT OF BEGINNING; thence South 89°37 '48" West,
117.91 feet; thence North 79°02 '12" West, 116.23 feet; thence North
89°10'26" West, 33.39 feet; thence South 00°49'34" West 20.00 feet;
thence South 89°10'26" East 31.32 feet; thence South 79°02'12" East to
an intersection with a line drawn parallel with, and distant 15.00
feet Westerly, measured at right angles, from the Northerly prolongation
of that certain course in the boundary of said Parcel 2 designated as
"North 00°22'12" West 120.00 feet" on said Parcel Map No. 3422; thence
along said parallel line, South 00°22 '12" East to the Westerly prolonga-
tion of that certain course in the boundary of said Parcel 2 designated
as "North 89°10'26" West, 185.01 feet" on said Parcel Map No. 3422;
thence along said prolongation, South 89°10'26" East, 15.00 feet to
the Westerly terminus of said course; thence North 00°22 '12" West to
the Southeasterly prolongation of that certain course designated above
as "South 79°02'12" East"; thence along said prolongation South 79°02'12"
East to an intersection with a line drawn parallel with, and distant
304559-R 20.00 feet Southerly, measured at right angles, from that certain
8/17/76 course designated above as "South 89°37'48" West, 117 .91 feet"; thence
TYPED.BVH
COIL" 110
,`
1423
PARCEL "A": (Continued)
along said parallel line North 89°37 '48" East, 119.90 feet to said
Easterly line of Lot 27 of Map No. 536; thence along said Easterly
line, North 00°22'12" West, 20.00 feet to the TRUE POINT OF BEGINNING.
PARCEL "B":
Commencing at a point on the Northerly line of said Parcel 2 , distant
thereon North 89°10'26" West, 35.01 feet from the Northeast corner of
said Parcel 2, being a point on the Easterly line of said Lot 27 of
Map No. 536; thence along said Easterly line, South 00°22 '12" East,
345.00 feet to the TRUE POINT OF BEGINNING; thence South 89°37'48"
West , 263.00 feet; thence South 00°22 '12" East, 115.00 feet; thence
North 89°37'48" East, 15.00 feet; thence South 00°22'12" East, 20.00
feet; thence South 89°37 '48" West, 15.00 feet; thence South 00°22'12"
East, 35.00 feet; thence South 89°37 '48" West, 20.00 feet; thence
North 00°22'12" West, 190.00 feet; thence North 89°37'48" East,
283.00 feet to said Easterly line of Lot 27 of Map No. 536; thence
along said Easterly line, South 00°22'12" East, 20.00 feet to the TRUE
POINT OF BEGINNING.
304559-R
8/17/76
• I 1424
I
a
i
1
i
i
i
— )0,,,c...3.5
/((//-35 O/' 7TH ST
V i\,. / •. r ,moi ��. /�-� .' L- i. -��`
NB9'/0.Z6 '�W `� Z1� -
NE CORNER
r'ARCEL 2
I `rhe o i� P, M. 3422
3,, o
N.
6 . \.5 ...
No4 '34:E r- -� _'� w1
V L 4 --— t
3 ��0) . ryh �4�\ '' NB9%0 26 W
°0
#\ ��44v 3 - o
'1- -ti N h —cLY. LINE
kf P .N OF LOT 27,
!, Q °n' MAP 53(o
,------1,4:1
;1, • _ _NB9°3748 E 283.00' _-- / 11 Q
lac' ',- " I 589`37'48'v'---- 26.3,00' ---
�' i EASEMENT 3 5 50
,i -
,� I PARCc L 2 I
I I
I1).
N ..1----1- 4-_.
b (! ° , N i Q 1
o 1 •rh NQ / = /00 00
21 I
'`---7-5-7:11.37:O.3"W
o jW
?o' I
- 323 25 .-- -- ! , 1
I-•--- -
!1
1
i VALLE VERDE 'V/EST
I
} 3/7-03/- 27
iPLAT REvi5E0 7 25 75
of easements required by the
Poway •lunicipal Water District
C.A.N. C-P03-/82.00
!Prepared by:
R/W # 290052 -8
Boyle Engineering Corporation Date: DCT. /5, 074