Subordination Agreement 1977-394053 (2) •
FILE/PAGE N077-394056
BOOK 1977
•. r..,,t. ) RECORDED REQUEST OF
When Recorded Mail To: .) �5 ) LAND TITLE INSURANCE CO.
POWAY MUNICIPAL WATER DISTRICT ) SEP 27 8:0OAM'77
Post Office Box 348 ) OFFICIAL RECORDS
Poway, California 92064 ) SAN DIEGO COUNTY, CALIF.HARLEY F.
REG1ROrR NO FEE
1041(11-w )
SUBQRDINATION AGREEMENT
RECORDER:
Please make no charge
FOR VALUE RECEIVED, the undersigned, as Beneficiary under a Deed for recording the ett-
of Trust dated April 14, ,1977recorded in the Office of the Count aohedeing Instrumen
recordet.d It
rIs bIn
Recorder of San Diego County, April 26, 1977 File No. 77-153459 connection with Gov-
and as owner and holder of the obligations thereby secured does hereby mak • alAgencrtra-
nsactloactlon.
subject and subordinate the liens thereof to the Easement granted by
Glenda Seymour
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,
Glenda Seymour as Trustor,
California First Bank as Trustee,
and California First 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 be made or entered into but for said reliance and the execution
by Beneficiary of this waiver, relinquishment and subordination.
DATED: ,z(6 , -•)5 2 2 BENEFICIARY:
California First Bank
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Exc. # 3 • ‹- k �cQ
Proj . Seymour Line t?1,.�, /�•�4cgr,��
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STATE OF CALIFORNIA, SS.
COUNTY OF 5f)rj Di CG L-
On r lr i� before me, the under
ned, a Notary Pub . .nd for said County and S .te,
per. •.11y appeare. FOR T. ARY SEAL OR TAMP
nown to m-
to be t person 'Neffirose name subscri. • to e dFFICIAL ' L
withi instrument and . kn. ledged t .t ex - ted DANIEI. K. •E
NO • PUBLI^ CALIFO• A
the .ame.
''i.J SA • .,O COUNTY
• • My come. • res MAR 10, 19EI
Signature of Notary
STATE OF CALIFORNIA
• COUNTY OF a01 1 Z«Ga }s>. 6
e• ►
.Q
e On s ■ J V L y 1977 before me, the undersigned, a Notary Public in and for
L.)
d said State, personally appeared DAN A LAK U H 0
.~ known to me to be theil�lS,.�a ICC President, and Clop tort_JUS f c',e K
c p
• known to me to be the c.c.:,�A) OF�"T�CJ.� 'A`Sax.&a of the corporation that executed the within instrument,
4
Q and known to me to be the persons who executed the within
t instrument on behalf of the corporation therein named, and ac•
o knowledged to me that such corporation executed the within ,.� _ —
4 f OFFICIAL SEAL
instrument pursuant to its bylaws or a resolution of its board of ,s.
° DANIEL IC. JAEGER
o• directors. " a -' '•,j NOTARY PUBLIC - CALIFORNIA
. I , . SAN DIEGO COUNTY
g WITNESS hand and official seal , _"_• My comm. expires MAR 10. 198I
E
o Signature
u.
SAN !ill— .
Name(Typed or Printed) (This area for official notarial seal)
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110.
411
,• co, it , .3 / /
EXHIBIT A
An easement of right of way 20.00 feet inwidth 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 together with the right of ingress thereto and egress
therefrom to and along said right of way by a practical route and 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.
All that portion of Lot 3 in the Northwest Quarter of the Southwest Quarter in
Section 18, Township 14 South, Range 1 West, San Bernardino Base and Meridian,
in the County of San Diego, State of California described as follows:
COMMENCING at the Southeast corner of said Lot 3; thence West along the South
line of said Lot to the West line of the East 825.00 feet of said Lot; thence
North 01°24'00" West along said West line of the East 825.00 feet, 708.21
feet, more or less, to the point of intersection of a line parallel with and
214.00 Southerly measured at right angles from the Southerly line of land as
described in deed to John H. Rens and wife, dated February 17, 1948 and recorded
in Book 2703, page 373 of Official Records; thence South 89°12 '50" East along
said parallel line to a point of intersection with a line .:hick is parallel wit's
and 150.00 feet Easterly, measured at ri��'�t angles from said !'est line of the
's r. ^25.n0 feet; thence South 01°24'00" East, 10.00 feet to the TRUE POINT OF
BEGINNING: thence retracing the last two courses and distances North O1°24'00"
West, 10.00 feet and north 89°12'50" West, 180.00 feet, more or less, to the West
line of the East 825.00 feet; thence North 01°24'00" West along said West line of
the East 825.00 feet, 214.00 feet to the Southwest corner of said Rens land;
thence South 39°12'50" East along the South line of said Rens land to the South-
east corner thereof; thence continuing South 89°12' 50" East to the East line of
said Lot 3; thence along said East line South O1°24'00" East, 224.00 feet,
more or less, to the point of intersection of a line which is parallel with and
224.00 feet Southerly measured at right angles from the Southerly line of said
Rens land and being a line that bears South R9°12'50" East from the TRUE POINT
OF BEGINNING; thence North 89°12'50" West, 645.00 feet; more or less, to the
TRUE POINT OF BEGINNING.
EXCEPTING THEREFROM the Westerly 385.05 feet.
Said easement of right of way in the aforesaid lands is particularly described
as follows:
The Southerly 20.00 feet of the above described property.
309393-R