Subordination Agreement 1977-252844 • I ) '�8-252S44
ACCOMMODAT01 )
IL�V � FILE/PAINO.�-
1404
) BOCK 1978
When Recorded Mail To: ) p P ,^7 nkITST OF
cl2IgJ,tsuairce RECEIVED
POWAY MUNICIPAL WATER DISTRICT )
Post Office Box 348 ) JUN 11 8 48 AM '�i Ou J U L 1 01978
Poway, California 92064 )
u ..� :GROS Pa'..ay Muiu���ai water District
- NTY.CALIF.
1J/1
305125-R EMRECORDER
CC
SUBORDINATION AGREEMENT NO FEE RECORDER:
Please make no charge
FOR VALUE RECEIVED, the undersigned, as Beneficiary under a Deed for recording the eu•
ached Instrument. It
of Trust dated June 4, 1973 , recorded in the Office of the Coun ye heing recorded In
Recorder of San Diego County, June 20, 1973 File No. 73-168759connectlonwlthaGor-
fern Tent Agency tra-
and as owner and holder of the obligations thereby secured does hereby :Then-
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
t)ocument 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,
Western Conveyancing Corporation as Trustee,
and The Lincoln Savings Bank 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 he made or entered into but for said reliance and the execution
by Beneficiary of this waiver, relinquishment and subordination.
DATED: September 13 , 1977 BENEFICIARY:
The Lincoln Savings Bank
R/w # 305125-R 31 Broadwa . .k1 n, N.Y. 11206
Exc. P 4
Proj . Balldtore F.H. BY: . . A
Extension ,., Mtge gfIi er rIiLEL
�i.r r• ib
• BY: b`
As t. cretary TI
NFT.1 YORK
STATE OF =UMWSS.
COUNTY OF KINGS
On before me, the under-
signe , a Notary Public in and for said County and �
State, Personally appeared Gerard J. Jones , FOR NOTARY SEAL OP STAMP
known to me to be theASSt.Mtge.t; fiCerand
Gerald L. Pinggera, , known to me to be
Asst. Secretary of the corporation that executed
the within Instrument, known to me to be the persons
executed the within Instrument nn behalf of the
corporation therein named, and acknowledged to be that
such corporation executed the within instru ant
to ixtxixi ,east resolution of its hoard o� $ir
•
Signa ure of Notary ALICE R tun
Co y�o Ro Notary ft,nl•c c•,1n my York
p CsnaiaFa. No. 411-45r922
r�o1 S>v.,� Omlifled Ir. •„t t. County
�� o h�.+d I O) t 31 i Certif,2te filed in K nes County
1900 im
coi sslon : ?.!,.:::f; 30. I79 DOC 53 a
t .4 cJOO/o