Subordination Agreement 1989-060248
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RECORDING :REQUESTED BY;
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I VERi"- L. LYLi;!j
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THE CITY OF POl,AY
WHEN RECORDED ~LUL TO:
91-0& 0';;''1'6
THE ern OF PO\,AY
P.O. BOX'18~
PO\,AY, G..\.LIFOP-lHA
92064
NOFI
THIS SPACE FOR RECOP~ERS USE
SUBORDDlATION AGREDlENT"
FOR VALUE RECEIVED, the undersigned, as Beneficiar7 under a Deed of Trust dated
Septf>mber 30, 1986, recorde.d in the Office o"f the County Recorder of San Diego
County October 3, 1986 , File No. 86-445118 , and as owner and holde.r of the
obligat1-ons thereby secured does hereby wake subJec:c -and subordinate the liens thereof
to" the. Easeme.nt grante.d by BER.MAN INVESTMENT GROUP, INC., a California
r.'nrpnrAt-ion
to THE CITY OF POI-lAY, it be.ing" unde.rstood and agreed that foreclosure. of said De.ed of
Trust shall not affect., defeat or render in~...alid -any rights under ,ana by vir~ue or
said ease~ent, and said eas~~ent shall be par~~ount and superior to the rights of
any purchaser under a foreclosure of said Deed of Trust~
Said easement was re.corded J;.."Uli..Yj '-;1.1\1 '3<i , File 110. C'+~5''i3
the real property described in said Deed of T~ust.
, and affect:s
The under-signed Beneficiary of said Deed of Trust declares .:lnd ack..."'1o',.;ledges that it
hereby intentionally waives, relinquishes, and subordlnates the prio!:'~~i2S ~nd
superiorities of the lien ~~d- charge of said Deed of T~ust upon the lond desc~ibed
therein in f~vor of said easement, and that it understands that in reliance upon and
ip consideration of this ~aiver, relinquis~~entJ and subordi~~tion speci=ic =oncta~y
and other oblig3tions ~ill ~e entered into by T~ird Parties ~hic~ would ~ot be w3de
or entered into but for said reli.:J.nce. 2nd t~e e:xec"..lt:ion oy 3eneiiciary oE this .~:aive.t"_)
re.li"'quish::-.ent., 2nd subordi::<J.ti.on.
Dated;
3:::::c?ICr:,,_='.,::, :
ZEBRON COATINGS NEDERLA
B.V., a Netherlands
corpor~tion
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Pcoject:
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~;OTE: ALL SIG::.:\TL;~ES ~'!USl JE .(\C~:O~..'1.EDGED
:iOV...qIES: Use proper fori:1 .:Jtt.:Jched
or staple appropriate
fori:1 thereto.
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Official Legalization
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Seen f~r. l,egiil'ization 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, B142 Uitikon-Waldegg
who are personally known to us.
zurich, ,~h~s L8 OCT 1988
No.. j,/:;:'-.Jf/""'~"C\.
Fee Fr. /0.
recognized
Croglio TI,
residing Allmend-
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APOSl:lllE .
(Convention de la Haye'du 5 octobre 1961)
1. Land: Schweizerische Eidgenossenschaft, Kanton Zurich
Country: Swiss Confederi'ltion. C,1nton of Zurich
Diese 6Hentliche Urkunde / This public document
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