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Subordination Agreement 1990-578279 CITY CLERK CITY OF POWAY P.o. BOX 789 POWAY, CA 92064 1711 ) .. ) ) ) ) ) ) ) ) ) ) 90 RECORDING REQUESTED BY: CfTY OF POWAY --,~,. 5 787 29 . .' ..rq 5?f"",;l7 f ;;:;?~_~1f~ti-~.~~j%n:_; 1 '.-:;-,~n Y.~.:t ; AND WHEN RECORDED MAIL TO: ?L- Ii: 40 135 AR 3 MGl : 'VlY ':J~TN'iy ITtcJrh:ttR 1 This space for Recorder's use 1172'75>)-3/ SU8OR.DINATION AGREEMENT FOR VALUE RECEIVED, the undersigned, as Beneficiary under a Deed of Trust dated September 30, 1986, recorded in the Office of the County Recorder of San Diego County October 3, 1986, File No. 86-445118, and as owner and holder of the obligations thereby secured does hereby make subject and subordinate the liens thereof to tHe Easements granted by Berman Investment Group, Inc., to the CITY OF POWAY, 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 easements, and said easements shall be paramount and superior to the rights of any purchaser under a foreclosure of said Deed of Trust. Said easements were recorded /o.62<,/--CZO ,File Nos. Clef -5'7Y;2 74- 'rJ? , and affect the real property described in said Deed of Trust. The undersigned Beneficiary of said Deed of Trust declares and acknowledges that it hereby intentionally waives, relinquishes, and subordinates the priori- ties and superiorities of the lien and charge of said Deed of Trust upon the land described therein in favor of said easements, 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: BENEFICIARY: Zebron Coatings Nederland B.V., A(et~ands Corp. j' Le ,....... R/W No. Exc. No. Project: By: ,~~ By: (Signatures must be notarized. Notary form attached.) This Instrument filed for record by Ticor Tatle Insurance Company of California as an accommodation only. It has not been examined as to its execution or as . to its effect upon the title. Official Legalisation 1742 Seen for legalisation of the foregoing signatures, recognised in our presence, given by Mr. Camillo Andina, born 22.06.29, Swiss citizen of Croglio TI, residing at Hirnrnelrich 11, 6340 Baar, and Mr. Nicholas Dale, born 11.10.52, of British nationality, res~ding at Allmendstr. lOB, 8142 Uitikon-Waldegg who are persona~y known to us. Zurich, thi~ 27 SEP 199Q No .l,~ 1r7 /.'R / (-<? Fee Fr. ~...- .... APOSTlLLE (Convention de 1a Haye du 5 o"",bre 1961} 1. Lend: Schweizerische Eidgenoosenschaft, Kantan ZOrich Country: Swi&. Confederation, Canton OfzuriCh~ Dies€ 6ffentliche Urkunde /T?s ublic document · ~ """~"".OO" _..~~-..'-T - -- - has been signed by ,...../5?"'4/d...ft7;;,..7/P' 3. in seiner Eioensch," al~'.'''.'.':;(;:a,.~/.Zj/'::f;;.L./:.- acting in the C2pBC1iV of ..~/b.~.................. 4. Sie ist versehtSfinmit m Stempel/Sie~r des (de earsd s:;ZJ/i. /" hi. . . ~'..~..: ~t:.. ... .....v~~ . ~.; ...........e.. .. Bestatigt/Certifiad' 7. Set), 1990 5. in/to 8090 Zurich/8090Zurich 6. am/the .............................. 7. durch die Staatskanzlei des KantonsZurich by Chancery of State oftjf; Ca1t~ ~uriCh 8. Unler/under NvlQid4..',!.~,,,,,,,,, . -- ~fJ ~,> Stempel/Siagal/Stamp/seal 10. Unlarsch,ifI/ ,i~~p ~ )i1...., ./ ;,.\',.1 t..-j .-/ lC1\i~; iiS. " """".""................. R. Vi::u:oH '. , I i) ;' " 1'('43 STATE OF................. ........................ County of..... ..... ................................. } ss PARTNERSHIP FOR~1 On this.... .... .., ....d-ay of.. ,. ....... ........... ... ..A.D.. 19... ....before me.. ...... ..... .............. ..... ....... ..... _, ....... n..' ....... '0, s Notary Public in and for the said County and Slate. residing therein, duly commissioned and sworn, personally appeared...... ............................................n...................................... kno....n to me to be one of the partners of Ole partnership that executed the within instrument, and acknowledged to me that. such partnership executed the same. ]11 Wirnrss WOrnor, I have hereunto set my hand and affixed my official seal the day and year in this certificate first. above 'Nritten. .................................................................................. :-:'otary Public' in and {or said County and State. GENERAL FOR~1 STATE OF......................................... } County of........................................... ss On this.. .......... ..... ...day of.......... ....... ............ .A.D., 19... .... before me, ........ ............................. .... ...... ............. a Notary Public in and for the said County and State. residing therein, duly commissioned and sworn. personally .appeared...... ..................................................................................................................................................................... personally kno'W'Tl to me to be the person......whose name...........:................subscribcd to the with.n Inslrurnent, and duly acknowledged to me that..........he..........executed the same. ]n Witness llil)rrrof, I have hereunto set my hand and ai:ixed r:iy official seal L1e day and year in this certificate first above written. .................................................................................. :--lotary Public in and for said County and Slate. CORPORATIO:-i FOR~.l STATE OF......................................... } County of........................................... 53 On this....................day of. ................................\.0.. 19....... ~efore l;1e........... .............. ..................................... a Notary Public :n ~d for the said COl1.'HY and State. residing' therein. c:.dy c'Jr:imlssioned and sworn, personally appeared....... ......................................-........... .............................................K."lO\lo"n to me to be the................. ............ Pre sident and............................. ..... ........................................ ................ :...no\lo'T1 to me to be Lhe..............................Secretary of lhe............................................................................................................................................................... the Corporaticn t.1at executed the within Instrument. known to me to be the persons who executed Ille within Instrument. on behalf of the Corporation therein named. and acknowledged to me that such Corporation executed tho same. 1:11 Witness Wllrrrof, I have hereunto set my hand and aifixcd my official seal the day and year in this certificate first above written. r~ .................................................................................. Sotilry Public in end for said County and Slate.