Subordination Agreement 1989-060246
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1 OFFiC!A' ;'t7rrmDS I
! OF 3/'}-: !J~;-/:;' ':'C,~.r:tfY. CA.. i
THE CITY OF PO\IAY
89 fEe -3 AH8: 10
I VER" LYi'L~~ I
~OIJHTY I'ECr)RD~
It RECORDING REQUESTED BY;
WHEN RECORDED ~~IL TO;
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THE CITY OF POHAY
P.O. BOX'l13'J
POIIAY, CALIFOPJHA
92064
NO FEE
THIS SPACE FOR RECORDERS USE
SUBOP~INATION AGREE;~NT
FOR VALUE RECEIVED, the undersigned, as Beneficiary under a Deed of Trust dated
SRpt-pmhRr 30, 1986, re.corded in the Office of the County Recorder of San Diego
County Or.t-ober 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 Eas:ement granted by RF:RMIIN TNVESTMENT GROUP, INC., a California
corporatlon
to THE CITY OF POHAY, it being understood and agreed that foreclosure of said Deed of
Trust shall not affect, defeat or render invalid any rlghts under and by virtue of
said easement, and said easement shall be paramount and superior to the rights or
any purchaser. under a foreclosure of said Deed of Trust.
Said easement was recorded -:Jc.nv.;.,,'1 &,(, ,-14 %'1
the real property described in said Deed of
, File No. O'f 3'5'15
Trust..
, and afie.c:.t:s
The undersigned Beneficiary of said Deed of Trust declares 2nd ac~~o~lecges that it
hereby intentionally waives, relinquishes and subordinates the priorities 2nd
. .., ,
superiorities of the lien and charge of said Deed of T=usc upon the land described
therein in favor of said easement, and that it understands that in reliance upon and
ip consideration of this waiver, relinquis~~ent, and subordination specific conetary
and other oblig~tions will be entered into by T~ird P2rties ~hich would ~ot be made
or entered' into but for said reliance and the execution ~y 3eneficiary of this waiver,
reli~quish~ent, 2nd subordi~ation~
Dated;
;::=::r::-ICL'2':'" :
ZEBRON COATINGS NEDERLAND
B.V., a Netherlands
'-'orpQr;::'ltior
Rl~J ~'~o.
[xc. ~:o.
Project:
3y:
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;;OTE; ,\LL SIC::UU:1.ES ;,!UST BE ,\CK.::O:.'1..EDCED
:iOTA..'(lES: Use proper forn .:ltt.:lched
or st.:lple 3ppropri.:lte
for;:} thereto.
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1262
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Official Legalization
Seen for legaliz~tion of the foregoing signatures,
in our presence, given by
Mr. Camillo'Andina, born 22.06.29, Swiss citizen of
residing Hirnmelrich 11, 6340 Baar, and
Mr. Nicholas Dale, born 11.10.52, British,
strasse 10 B, 8142 Uitikon-Waldegg
who are personally known to us.
Zuric?,'"t!'t: 1 8 on 19?J8
No. ,u' ";1,' '(04
Fee Fr. /0,-
recognized
Croglio TI,
residing Allrnend-
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1\-' ",,1. f'~' \.\k"~,~-l.(ljt.. L.lJ:l~~.r!.(/',i::;:,t:(Jf.)
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APOSTIllE
(Convention de la Haye du 5 oelobre 1981)
,. land: Schweizerische Eidgenossenschah, Kanton Zurich
Country: Swi~s Confederation', Canton of Zurich
Oiese 6ffentliche Urkunde (This public document
2. 1st unterschrieben van ({~'c--~---L-r
has been signed by .....-, .... ............-...-.......................~...~.'*.
.4...........................................
10. Unterschrih/Signature
..........;2:-~).....,........
( ., , ,,---./,..-
......... .r:.;.. .':'. rt':':. ~::-:::':~~-.~-..
1. Jo~dan