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' `y GG qC9 °~ - ~`~ 2~~131933~ ~8,~31IZa~7 ~4 :~ ~3 ~"[ OFFICIAL aECDRDU OF ALA!'?Epp ~,CrUNTY pR7RYCK O'CONNELL ~'~t~F°ae`v RECGR[7ING FEE : 20.00 RECORDING REQUESTED BY ~ ~ ~ ~ ~ I ~ i~i ~~ i ~ I ~ '~ ~ First American Title Company ~ I ~ , ~ s pcs ~i~l~~~ -i AND WHEN RECORDED MAIL TO: City of San Leandro 835 East 14th Street San Leandro, Ca. 94577 Space Above This Line for Recorder's Use Only A.P.N.: 441-0068-040-04 File No.: 0104-2686609 (KJ) SUBORDINATION AGREEMENT (EXISTING TO NEW) NOTICE: THIS SUBORDINATION AGREEMENT RESULTS IN YOUR SECURITY INTEREST IN THE PROPERTY BECOMING SUBJECT TO AND OF LOWER PRIORITY THAN THE LIEN OF SOME OTHER OR LATER SECURITY INSTRUMENT. THIS AGREEMENT, made this Twenty-sixth day of July, 2007, by Horizon Services, A California nonprofit Corporation Owner of the land hereinafter described and hereinafter referred to as "Owner", and City of San Leandro, a Municipal Corporation present Owner and Holder of the Deed of Trust and Note first hereinafter described and hereinafter referred to as "Beneficiary"; WITNESSETH THAT WHEREAS, Owner has executed a Deed of Trust dated 1-21-1993 to The City of San Leandro, a Municipal Corporation, as Trustee, covering: BEGINNING AT THE POINT OF INTERSECTION OF THE NORTHERN LINE OF DEPOT ROAD, FORMERLY KNOWN AS COUNTY ROAD N0. 956, WITH THE WESTERN LINE OF MONTE VISTA DRIVE, AS SAID ROAD AND DRIVE ARE SHOWN ON THE MAP ENTITLED, "MOHRLAND GARDENS, EDEN TOWNSHIP, ALAMEDA COUNTY, CALIFORNIA, 1927", FILED FEBRUARY 15, 1928, IN BOOK 7 OF MAPS, PAGE 60, IN THE OFFICE OF THE RECORDER OF ALAMEDA COUNTY; RUNNING THENCE NORTH 2°26' WEST ALONG THE SAID LINE OF MONTE VISTA AVENUE 378.08 FEET; THENCE SOUTH 88°17' WEST 360.00 FEET; THENCE SOUTH 2°26' EAST 378.08 FEET TO A POINT ON THE SAID LINE OF DEPOT ROAD; THENCE NORTH 88°17' EAST ALONG THE SAID LINE OF DEPOT ROAD A DISTANCE OF 360.00 FEET TO THE POINT OF BEGINNING. Page 1 of 5