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The City consents to and approves of al] provisions of the Agency Deed of Trust. 2. The City intentionally and unconditionally subordinates the lien or charge of the City Deed of Trust in favor of the lien or charge upon the Property of the Agency Deed of Trust and understands that in reliance upon, and in consideration of this subordination, specific loan and advances are being and will be made, and as part and parcel thereof, specific monetary and other obligations are being entered into which would not be made or entered into but for said reliance upon this subordination. 3. With regard to the priority given to each deed of trust hereinbefore specifically described, this Agreement shall be the sole and only agreement with regard to the subordination of the lien or charge of the City Deed of Trust to the lien or charge of the Agency Deed of Trust, and shall supersede and cancel any prior agreements as to such subordination including, but not limited to, those provisions, if any, contained in the City Deed of Trust which provide for the subordination of the liens or charges thereof to another deed of trust or mortgage. 4. In the event of foreclosure on the Property, the Agency Deed of Trust shall be prior and superior to the rights of the City. 5. This Agreement may be executed in counterparts, but all counterparts shall constitute but one and the same document. This Agreement shall inure to the benefit of the Agency and its successors and assigns, and shall be binding upon the City and its successors and assigns. 6. Notices shall be sent to the Agency, City and Borrower as follows: Agency: Redevelopment Agency of the City of San Leandro 835 East 14t~' Street San Leandro, CA 94577 Attention: Executive Director City: City of San Leandro 835 East 14r~ Street San Leandro, CA 94577 Attention: City Manager Borrower: Estabrook Senior Housing, L.P. c/o Eden Housing, Inc. 409 Jackson Street Hayward, CA 94544-1567 Attention: Executive Director io~zoo~ 2