Subordination Agreement 1989-060249
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r-- fkCORDED IN --,
f 'pFFlClt';L RECQRDS I
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RECORDnlG REQUESTED ilv,
89FEB -3 AM'8iIO
THE CITY OF POliAY
I \fEEA L LYLEij
CC'Hr'{ RE('"RD~R
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WHEN RECORDED ;'LUL TO:
THE CITY OF POlIAY
P.O. BOX, 139
POl./AY, CALIFO?u'HA
92064
NOff
THIS SPACE FOR RECORDERS USE
SUBORDINATION AGREE-lENT
FOR VALUE RECEIVED, the undersigned, as Benefi~iary under a Deed or Trust dated
September 30. 1986 recorced in the Office of the County Recorder of San Diego
County n..rnhpr ,.. 1 g86 , File No. 86-445118 . and as owne-r and holder of the
obligations thereby secured does hereby make subjecc.and subordinate the liens thereoi
to the Ease::!ent granted by BERMAN INVESTMENT GROUP, INC.. a California
rnrrnrrit-inn
to THE CITY OF POl./AY, 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 ease~e~t, and said easement shall be paramount and superior to the rights of
any purchaser, under a foreclosure of said Deed of Trust4
Said ease~e~t was
the real propercy
recorded ::f.."v"," ~t.1 1'i~"1
,
described in said Deed of
, File No. OYSS"1.l-
Trust.
, and
affec.ts
The undersigned Benefici3ry of said Deed of Trust declares ~nd ac~~o~;leGges that it
hereby intentionally waives, relinquishes, ~nd subordinates the priorities ~nd
superiorities of the lien and charge of said Deed of Trust upon the land described
therein in f~vor of said easement, and that it understands that in reliance upon and
i~ consider~(io~ of this waiver, relinquis~~ent, and subordination speci=ic Donetary
and other ob1ig.:ltions .....i11 be entered into by T~ird Parties ~Jhich .....auld Poot be m.1de
or entered i:1to bue for sa'id reli.:lnce and the execution by 8eneficiary or this waive.):" ~
rcli~quish=ent, ~nd subordi~ation.
Dated:
~~:;c:? ICL'",-:.,:
ZEBRON COATINGS NEDERLA
B. V ., a Nether lands --,
corpor:ltion ______
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P./~1 ::0.
Exc. ~:o.
P~ojoct:
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:;072: ..\LL SIG:::\T{j~ES ;.mST BE AC~~:O:~1..EDG[D
~;OT.\.'U::S: Use proper for", OlttOlched
or staple appropriate
for<:1 thereto.
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Official Legalization
Seen for legalization of the foregoing signatures, recognized
in our presence, given by
Mr. Camillo Andina, born 22.06.29, Swiss citizen of Croglio TI,
residing Himmelrich 11, 6340 Baar, and
Mr. Nicholas Dale, born 11.10.52, British, residing Al1mend-
~trasse 10 B, 8142 Uitikon-Waldegg
who are personally known to us.
Zurichr ,~his=- J80CT 1988
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APOSTlllE
(Convention de la Haye du 5 octobre 1961)
1. Land: Schweizerische t:idgenossenschaft, Kantan Zurich
C~unt~~: Swiss: Confederation, Cnnton of Zurich
Dlese offentliche Urkunde I This public document
10. Unterschrih/Signatura
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