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Inst 2010336109
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Inst 2010336109
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Last modified
12/22/2010 5:18:49 PM
Creation date
12/15/2010 2:45:26 PM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Agreement
Document Date (6)
10/21/2010
Recorded Document Type
Subordination
Retention
PERM
Document Relationships
Inst 2006181157
(Reference)
Path:
\City Clerk\City Council\Recorded Documents\2006
Inst 2006181159
(Reference)
Path:
\City Clerk\City Council\Recorded Documents\2006
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those provided for in such agreement or agreements shall not defeat the subordination herein <br /> made in whole or in part; and <br /> c. It intentionally and unconditionally subordinates the lien or charge of the <br /> Subordinate Lienholder Documents in favor of the lien or charge upon the Property of the Senior <br /> Lienholder Deed of Trust and understands that in reliance upon, and in consideration of this <br /> subordination, specific loan and advances are being and will be made, and as part and parcel <br /> thereof, specific monetary and other obligations are being entered into which would not be made <br /> or entered into but for said reliance upon this subordination. <br /> 7. This Subordination Agreement may be executed in counterparts, but all <br /> counterparts shall constitute but one and the same document. This Subordination Agreement <br /> shall inure to the benefit of the Senior Lienholder and its successors and assigns, and shall be <br /> binding upon the Agency and its successors and assigns. <br /> S. Notices. Except as otherwise specified herein, all notices to be sent pursuant to this <br /> Agreement shall be made in writing, and sent to the Parties at their respective addresses specified <br /> below or to such other address as a Party may designate by written notice delivered to the other <br /> parties in accordance with this Section. All such notices shall be sent by: <br /> (a) personal delivery, in which case notice is effective upon delivery; <br /> (b) certified or registered mail, return receipt requested, in which case notice <br /> shall be deemed delivered upon receipt if delivery is confirmed by a return receipt; <br /> (c) nationally recognized overnight courier, with charges prepaid or charged <br /> to the sender's account. in which case notice is effective on delivery if delivery is confirmed by <br /> the delivery service; <br /> (d) facsimile transmission, in which case notice shall be deemed delivered <br /> upon transmittal, provided that (a) a duplicate copy of the notice is promptly delivered by first - <br /> class or certified mail or by overnight delivery, or (b) a transmission report is generated reflecting <br /> the accurate transmission thereof. Any notice given by facsimile shall be considered to have <br /> been received on the next business day if it is received after 5:00 p.m. recipient's time or on a <br /> non - business day. <br /> Agency: Redevelopment Agency of the City of San Leandro <br /> 835 East 14` Street <br /> San Leandro, CA 94577 <br /> Attention: Executive Director <br /> City: City of San Leandro <br /> 835 East 14 Street <br /> San Leandro, CA 94577 <br /> Attention: City Manager <br /> Senior Lender: Fremont Bank <br />
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