Subordination Agreement 1989-060247
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RECORDING REQUESTED BY:
THE CITY OF PO:iAY
! VERt>, L. LYLE~
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WHEN RECORDED ;'LUL TO:
'i'q -()i,Od-L/7,
THE CITY OF ?O\?AY
P.O. BOX, 18~
POliAY, CALIFOP.2HA
92064
NO fEE
THIS SPACE FOR RECORDERS USE
SUBORDDIATION AGREE'lENT
FOR VALUE RECEIVED, the undersigned, as Beneficiary under a Deed of Trust dated
Sppj-pmhpr ,0, ] 986, recorded in the Office of the County Recorder of San Diego
County n"j-ohpr " ] 986 ,File No. 86-445118 ,and as owner and holder of the
obligations thereby secu::ed does hereby i:1ake subject ,and subordinate the liens thereof
to the Easement granted by BERMAN INVESTMENT GROUP, INC., a California
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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 easement, and said easement shall be para~ount and superior to the rights of
any purchaser, under a foreclosure or said Deed of Trust.
Said easement "as recorded--:k>\u"-('1 c;>.L,.: ,'1% 'i , File No. 04 '?,'') '1 '--\
the real property described in said Deed of T~ust.
J .:lod affects
The undersigned Beneficiary of said Deed of Trust declares ~nd ac~~~o~leGges th~t it
hereby intentionally waives, relinquishes, and subordinates the priori~ies ~nd
superiorities of the lien ,c~~ charge of said Deed of Trust upon the land desc~ibed
therein in f~vor of said easement, and that it understands that in reliance upon and
ip consider3t~oa of this ~aiver1 relinquis~~ent, and subordi~3tion specific =oneta~y
and other obli~.J.ti.ons 'rlill be entered inca by T~ird Par-ties ~'hich ',.Jould r.ot be made
or entered into but for said reliance and ~he exec~tion ~y Beneficiary ot this waiver~
relinqui~h2ent, ~nd subordi~atiQn.
D:lted:
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ZEBRON COATINGS NEDERLAND
B.V., a Netherlands
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::OTE: ALL SIC::;\TL.;;tCS :'~UST 3E :,C;~:O:~1.EDG=D
~iOTA..rzI'::S: Use. proper foc;:]. .:1tt.:lched
or st~ple appropri.:lte
fori:l thereto.
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1264
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Official Legalization
Seen for legalization of the foregoing signatures, recognized
in our presence, given by
Me Camillo Andina, born 22.06.29, Swiss citizen of Croglio TI,
residing Himmelrich 11, 6340 Baar, and
Mr. Nicho~as Dale, born 11.10.52, British, residing Al1mend-
strasse 10 B, 8142 Uitikon-Waldegg
who are p~rsonally known to us.
Zur iC,h., ;o,h};s J 8 0 CT 1988
No. ,1..(': '5'1,/ F,~ -Q
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APOSTlLLE
(Convention de la Haye'du 5 .octobre 1961)
,. La.nd: Schweizerrsche i:jdgenoss~nschaft. Kan~on ZurIch
Country: Swis'O Confederation. Canton otZu rich
Diese 6Hentliche Urkundej This public document
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has been signed by ";.0 ,I ~?4" . 'nn'J-~"c"':'~~..;~~.~..........un
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