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RECORDING REQUESTED BY: a Fidelity National Title Company Order No.: 4031801354 When Recorded Flail Document To.- City o:City of San Leandro 835 E. 14th St. San Leandro, CA 94577 Attn: City Clerk1 w No fee for recording pursuant to Government Code Section 27383 2018245843 12/28/2018 1214 PM OFFICIAL, RECORDS OF' i',1LAj,jEf)f4 C�)�A�jyS71-'VE MANNING 111111111111111111111110 111111 APN: 075-0208-012-00 SPACE ABOVE THIS LINE FOR RECORDER'S USE SUBORDINATION NOTICE: THIS SUBORDINATION AGREEMENT RESULTS IN YOUR SECURITY INTEREST IN THE PROPERTY BECOMING SUBJECT TO AND OF LOWER PRIORITY THAN THE LIEN OF SOME OTHER OR LATER SECURITY INSTRUMENT. THIS AGREEMENT (this "Subordination Agreement"), dated as of December 14, 2018, is entered into by and between Shana J. Amenaghawon, the owner ("Owner") and the City of San Leandro as Housing Successor to the Redevelopment Agency of the City of San Leandro ("City"). Owner and City are collectively referred to herein as the "Parties." WHEREAS, Owner is the owner of certain real property located at 725 Bloom Street in the City, known as Assessor's Parcel Number 075-0208-012-00 (the "Property') as more particularly described in Exhibit A attached hereto and incorporated herein by this reference. WHEREAS, The City and the Owner entered into that certain Resale Agreement and Option to Purchase Agreement (the "Agreement") recorded as document number 2009284609 on September 1, 2009 in the official records of Alameda County; and WHEREAS, to secure the Agreement to the City, Owner will execute a deed of trust (the "Performance Deed of Trust") dated December 20 2018, in favor of The City of San Leandro, San Leandro; and WHEREAS, Owner has executed, or is about to execute, a deed of trust (the "Lender Deed of Trust") and note (the "Lender Loan") in the amount of $305,000 dated Dece?nber 21 2018 , in favor of Meriwest Mortgage (the "Lender") upon the terms and conditions described in the Lender Loan, which Lender Deed of Trust is to be recorded concurrently herewith; and WHEREAS, it is a condition precedent to obtaining the Lender Loan that the Lender 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 City Deed of Trust; and WHEREAS, Lender is willing to make the Lender Loan provided the Lender Deed of Trust is prior and superior to City Deed of Trust, and the City agrees specifically and unconditionally subordinate the lien or charge of the City Deed of Trust to the lien or charge of the Lender Deed of Trust in favor of Lender; and WHEREAS, it is to the mutual benefit of the Parties that Lender make the Lender Loan to Owner; and City has agreed to subordinate the City Deed of Trust to the Lender Deed of Trust. NOW, THEREFORE, in consideration of the mutual benefits accruing to the parties hereto and other valuable consideration, the receipt and sufficiency of which consideration is hereby acknowledged, and in order to induce Lender to make the loan above referred to, it is hereby declared, understood and agreed as follows: Page No. 1 of 3