Laserfiche WebLink
A.P.N.: Subordination Agreement -continued File No.: 0104-2686609 (K]) <br />Date: ]uly 26, 2007 <br />than those provided for in such agreement or agreements shall not defeat the subordination herein made <br />in whole or in part; <br />(c) He intentionally and unconditionally waives, relinquishes and subordinates the lien or charge of the Deed <br />of Trust first above mentioned in favor of the lien or charge upon said land of the Deed of Trust in favor <br />of Lender above referred to and understands that in reliance upon, and in consideration of, this waiver, <br />relinquishment and subordination specific loans and advances are being and will be made and, as part <br />and parcel thereof, specific monetary and other obligations are being and will be entered into which <br />would not be made or entered into but for said reliance upon this waiver, relinquishment and <br />subordination; and <br />(d) An endorsement has been placed upon the Note secured by Deed of Trust first above mentioned that <br />said Deed of Trust has by this instrument been subordinated to the lien or charge of the Deed of Trust in <br />favor of Lender above referred to. <br />NOTICE: THIS SUBORDINATION AGREEMENT CONTAINS A PROVISION WHICH <br />ALLOWS THE PERSON OBLIGATED ON YOUR REAL PROPERTY SECURITY TO <br />OBTAIN A LOAN A PORTION OF WHICH MAY BE EXPENDED FOR OTHER <br />PURPOSES THAN THE IMPROVEMENT OF THE LAND. <br />(ALL SIGNATURES MUST BE ACKNOWLEDGED) <br />IT IS RECOMMENDED THAT, PRIOR TO THE EXECUTION OF THIS SUBORDINATION AGREEMENT, THE PARTIES <br />CONSULT WITH THEIR ATTORNEYS WITH RESPECT THERETO. <br />(CLTA SUBORDINATION FORM "A") <br />BENEFICIARY: <br />City of San Leandro <br />Tom Liao <br />Housing / CDBG Manager <br />August 8, 2007 <br />Page 3 of 5 <br />