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_ r 2010336109 11/16/2010 08 :30 AM <br /> RECORDING REQUESTED BY: o o OFFICIAL RECORDS OF ALAMEDA COUNTY <br /> NORTH AMERICAN TITLE COMPANY PATRICK 0.00 <br /> e (y gei IC . I I IOW J <br /> W S. Y C�<IiOPMP <br /> Recording requested by and when recorded mail to: II I I III oil II I I II 13 acs <br /> Redevelopment Agency of the City of San Lean ro <br /> 835 East 14'" Street <br /> San Leandro, CA 94577 O Attention: Executive Director 1 EXEMPT FROM RECORDING FEES PER 7 <br /> GOVERNMENT CODE § §6103, 27383 CA <br /> SUBORDINATION ACREEDMENF <br /> (AGENCY & CITY LOANS TO FREMONT BANK LOAN) <br /> NOTICE: THIS SUBORDINATION AGREEMENT RESULTS IN YOUR <br /> SECURITY INTEREST IN THE PROPERTY BECOMING SUBJECT TO <br /> AND OF LOWER PRIORITY THAN THE LIEN OF SOME OTHER OR <br /> LATER SECURITY INSTRUMENT. <br /> THIS SUBORDINATION AGREEMENT is made as of the .At day of <br /> °Letter , 2010, by and among Mission Bell Supportive 1- lousing LLC, a California <br /> limited liability company (the "LLC'), Allied Housing, Inc., a California nonprofit public benefit <br /> corporation (formerly Alameda County Allied Housing Program) ('Allied "), the Redevelopment <br /> Agency of the City of San Leandro (the "Agency'), the City of San Leandro (the "City", and <br /> together with the Agency, the "Subordinate Lienholder ") and Fremont Bank ("Senior <br /> Lienholder "). <br /> RECITALS <br /> A. Allied has executed a deed of trust (the "Agency Deed of Trust ") in favor of the <br /> Agency which deed of trust recorded in the office of the County Recorder of Alameda County, <br /> California (the "Recorder ") on May 5, 2006, as Instrument No. 2006 - 181159, and which secures <br /> an indebtedness by Allied in favor of the Agency in the amount of Five Hundred Eight -Three <br /> Thousand Sixty -Seven and No /100 Dollars ($538,067) and which encumbers the real property <br /> described in Exhibit A attached hereto and incorporated herein by this reference (the "Property"). <br /> B. Allied has executed a deed of trust (the "City Deed of Trust ") in favor of the City <br /> which deed of trust recorded in the office of the Recorder on May 5, 2006, as Instrument No. <br /> 2006-181158 and which secures an indebtedness by Allied in favor of the City in the amount of <br /> One Million One Hundred Thousand and 67/100 Dollars (51,100,000.67) and which encumbers <br /> the Property. Allied, the Agency and the City have also entered into an Affordable Housing <br /> Regulatory Agreement containing covenants that affect the Property (the "Agency /City <br /> Regulatory Agreement "), recorded in the office of the Recorder on May 5, 2006, as Instrument <br /> No. 2006 - 181157. <br /> C. Allied, the LLC, the Agency and the City have or will enter into an Assignment <br /> and Assumption of Project Documents (the "Agency /City Assignment "), pursuant to which: <br />