Subordination Agreement 1979-502041 • ..11-rr aa�vinnaTinN r 4O c) ` 79-1502041
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3 J , PAGE N0.
IP When Recorded Mail To: ) ` FILE/PX 1979
4, `> �`° RECORDED RECUEST Of
�'OWAY MUNICIPAL WATER DI"' - - ) V ,z° o Lae insurance two•
Post Office Box 348 RECORDER: 1 4, Q an
Please make no chant" 4. �- J 1•�n
Poway, California 92064 for recording the err 4 Neu 2 .,n �M f�I
`� `; ached instrument. ,� .11
ATT N : L A V E I.E `ow E L L. ,• being recorded
Connection with a Gov- ) Q�
ICIAL RECORD
— s - 1
G' 6 D g 3 ". s,u 1 , ON AGREEMENTSAN DIEGO COUNTY. CALIF
FOR VALUE RECEIVED, the undersigned, as Beneficiary under a Deed N O FEE
of Trust dated January 2. 1974 , recorded in the Office of the County
Recorder of San Diego County, February 5, 1974 File No. 74-029666
and as owner and holder of the obligations thereby secured does hereby make
subject and subordinate the liens thereof to the Easement granted by
Panorama_ tail 1 s
to PO AY 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 Deed recorded January 4, 1977, as Document
No. 77-001964 of Offical Records
and affects the real property described iu the said Deed of Trust,
Mercury Construction Company as Trustor,
Security Title Insurance Company as Trustee,
and Sons of Sacred Heart 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.
r
DATED' Alif.le-j-t. /'/ ( f? FtF:NEF-I CI ARY:
•
s of Sar'rt'd_ hart .
R/w # 306082-R
Proj . Panorama Hills BY:�� a„ ( ('IFrrEg --
Unit No. 2 J
TITLE
r . • BY: ,' t�- ,/ ti: / I ,/,i , /2...„,„1„/-
. z„,„1 /
TITLE -
nyi •
. STATE OF' - , SS.
COUNTY OF /7W,0/74 rr ti _
On A/oli /y79before me, the under-
• signed, a Notary Public in and for said County and
11 State, Personally appeared/eel"-J'4r.26-" fe.-‘7,4 A, FOR NOTARY SEAL OR STAMP to me to be the 7 t i Pre-Bi--dent, and
, known--to----me- to be
0.
of the ccrporar^^r. rt,ar e:.ei fitted
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
such corporation executed the within instrument pursuant
to its by-laws or resolution of its board of directors.
SAY MOND G. BLERSCH
Notary Public, State of Ohio
My'Commission E•g*es lune IL l
f Signature of Notary
•
FILE
- DOC. #Z59A
r. CORPORATE ACKNOWLEDGMENT 2354
State of California
}.
County of San. .Diego .. S.S.
On this._..14 .day of ....,august , 19.79.., before me Undersigned.. , a Notary Public in
' and •r said_ v San Diego County, personally appeared Bartholomew...Battirossi.
m-4:- ' .Ir.r!.rwv..ir..•ow...,erAnwtifflay.lr.a waw RM..P.l1!TM Pe!PIS?MR',MEI!..T..►Tr—FIT.�TT.T.R--..!
SV
t���ti��s. known to me to be the Trustee
''
� ,. —' ) and w--R.'1!R-.�w.Tlr--Twr..rr._sere!�t-!r.�rrr�trrr--TT----erT known to me to be the
VI
o ;•• y;, ► -------------lr -of the Sons..of..Sa.cred..Heart
I _ _ the Corporation that executed the within instrument, and also known to me to be the person.... who
0 executed the within instrument, on behalf of the Corporation herein named, and acknowledged to
t� • p me that such Corporation executed the same, and further acknowledged to me that such Corporation
r , o T .�Jr executed the within instrument pursuant to its by-laws or a resolution of its Board of Directors.
a.;; , ' WITNESS my hand and official seal.
aUn /
`�(/. G!�rl�,— `NLS
o� . — —ir
i
' Q1z .,irs Notary Public in and for said San Diego County and State.
•�-•s9 last PtU U eOt My commission expires `,_}7� , 19...79.