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• D. The Borrower has executed or will execute a promissory note (the "Senior Lienholder • Note ") in the original principal amount not to exceed Seven Hundred Thousand and No /I00 Dollars (5700,000.00) in favor of the Senior Lienholder (the `Senior Lienholder Loan") which will be secured by a deed of trust to be recorded in the office of the Recorder concurrently herewith (the `Senior Lienholder Deed of Trust") encumbering the Real Property and all improvements now or hereafter located on the Real Property and all personal property and other property described in the Senior Lienholder Deed of Trust (collectively, the "Property "). The Senior Lienholder Note and the Senior Lienholder Deed of Trust shall be referred to herein as the `Senior Lienholder Loan Documents." E. It is a condition precedent to obtaining the Senior Lienholder Loan that the Senior Lienholder Deed of Trust shall unconditionally be and remain at all times a lien or charge upon the Property, prior and superior to the lien or charge of the Subordinate Lienholder Documents. F. The Senior Lienholder is willing to make the Senior Lienholder Loan provided the Senior Lienholder Deed of Trust securing the same is a lien or charge upon the Property prior and superior to the lien or charge of the Subordinate Lienholder Documents and provided that the Subordinate Lienholder will specifically and unconditionally subordinate the lien or charge of the Subordinate Lienholder Documents to the lien or charge of the Senior Lienholder Deed of Trust. G. It is to the mutual benefit of the parties herein that the Senior Lienholder make the Senior Lienholder Loan to the Borrower and the Subordinate Lienholder is willing that the Senior Lienholder Deed of Trust shall, when recorded, constitute a lien or charge upon the Property which is unconditionally prior and superior to the lien or charge of the Subordinate Lienholder Documents. Terms In consideration of the mutual benefit accruing to the parties hereto and other valuable consideration, the receipt and sufficiency of which consideration is hereby acknowledged, and in order to induce the Senior Lienholder to make the Senior Lienholder Loan, it is hereby declared, understood and agreed as follows: 1. The Senior Lienholder Deed of Trust, as to the Senior Lienholder Loan and all other obligations recited in the Senior Lienholder Deed of Trust as being secured by the Senior Lienholder Deed of Trust, and any modifications (other than modifications increasing the principal amount thereof or increasing the interest rate), renewals, or extensions thereof, shall unconditionally be and remain at all times a lien or charge on the Property prior and superior to the lien or charge of the Subordinate Lienholder Documents. 2. The Senior Lienholder would not make the Senior Lienholder Loan without this Subordination Agreement. 3. With regard to the priority given to each deed of trust hereinbefore specifically described, this Subordination Agreement shall be the sole and only agreement with regard to the subordination of the lien or charge of the Subordinate Lienholder Documents to the lien or charge of the Senior Lienholder 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 Subordinate Lienholder Documents which provide for the subordination of the lien or charge thereof to another deed of trust or mortgage. 4351 t- 0001su(city.Agcncy)