Subordination Agreement 1977-067081 '793 ) 77-067081
ACCOMMOATION F1L1.N ) •• NC.
} 8001( 1977
When Recorded Mail To: ) RECOROEG REDUEs.
) LAND TITLE INSURANCE CO.
POWAY MUNICIPAL WATER DISTRICT ) ,
Post Office Box 348 ) Fa 14 8 56 AH 11
Poway, California 92064 )
) OIFICIAL RECOPOS
SAN DIEGO rOUN1`. :*L.IF.
IA21.1.7c d6JUO
305125-R RECORDER NO FEE
SUBORDINATION AGREEMENT
OE R:
nal,.no[Mtge
FOR VALUE RECEIVED, the undersigned, as Beneficiary under a Deed 1-,••, the.tt-
, �,e.q. It
of Trust dated December 8, 1975 , recorded in the Office of the County - dod In
Recorder of San Diego County, UeCember 12, 1975File No. 75-350964 . ytre
•
I..�,rncra
and as owner and holder of the obligations thereby secured does hereby mfke '_n.
subject and subordinate the liens thereof to the Easement granted by
John H. and Alice F. Dornberger
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 Document recorded September 17, 1976, as
Document No. 76-305170 of Official Records
and affects the real property described in the said Deed of Trust,
John H. and Alice F. Dornberger as Trustor,
Transamerica Title Insurance Co. as Trustee,
and Pacific Finance Loans as Beneficiary.
Beneficiary declares and acknowledges that it hereby intentionally waives;----
RE CORDER:
relinquishes and subordinates the priorities and superiorities of the lien Please mel.•nn charge
and charge of said Deed of Trust upon the land described therein in favor . f,7 '°to`wn's the eta
ached Instrument. It
of said easement, and that it understands that in reliance upon and in Is being recorded in
onnectlon with a Goy-
consideration of this waiver, relinquishment and subordination specific ernmentelAgency tte.
monetary and other obligations will be entered into by Third Parties whit n..cuoa.
would not be made or entered into but for said reliance and the execution
by Beneficiary of this waiver, relinquishment and subordination.
DATED: October 21, 1976 BENEFICIARY:
- P ciVjDAnce ans -
R/W 305125-R c 4/(11
-
Exc. # 5 r
Proj . Bal ratore Fr.H. BY:
Extension i��t,-`,-Vice Presidentnnt TITLE
BY: '4' /A?.; G2 �-f
Assistant secretary TITLE
STATE OF CALIFORNIA, SS.
COUNTY OF LOS ANGELES
On 10/21 /76 before me, the under -
signed, a Notary Public in and for said County and
State, Personally appeared T. E. Gruber , FOR NOTARY SEAL OR STAMP
known to me to be the Vice President, and
S. R. White , known to me to be
Assistant Secretary of the corporation that executed
the within Instrument, known to me to be the persons
who executed the within Inztrt me;t on behalf of the
corporation therein named, and acknowledged to be that
such corporation executed the within instrument pursuan OFFICIAL SEAL
to its by-laws or resolution of its board of directors. ... +y =E MARJIE S. BROLLY
a " NOTARY PURLIC—CALIFORNIA
iii:al, PRINCIPAL OFFICE IN
LOS ANGELES COUNTY
t / My Commission Expires July 19. I980
�/
Signature of Notary
,,/:)?4<- -e--
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V//A ... /NO/GATES WATER
LINE EASEMENT
-N-
I`I = 50�
Project: SALLATORE FH. EXTENSION Tax Par. ' 317- 7362- 4.3
PLAT
of easements required by the
Poway Municipal Water District
C.A.N. C-P03-249-00
Prepared by: R/W # 305/25-F
Boyle Engineering Corporation Date: AUG. / ', '7c'