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JES-TED BY <br />REcoRot NATIONALTITLE <br />FIDELITIn Y �`Vc) 5 (� I — <br />RECORDING REQUESTED BY: <br />Chicago Title Company <br />order No.: 2110662 <br />When Recorded Mail Document To: <br />City of San Leandro <br />835 E. 14th St. <br />San Leandro, CA 94577 <br />Attn: City Clerk <br />No fee for recording pursuant to <br />Government Code Section 27383 <br />APN: 076 0208 '126 Ott <br />2021309253 09/14/2021 11:09 AM <br />OFFICIAL RECORDS OF ALAMEDACOUNTY <br />Of A44 MELISSAWILK, CLERK -RECORDER <br />RECORDING FEES: $0.00 <br />a <br />°4crFoaµ`4 <br />ELECTRONICALLY RECORDED <br />CITY OF SAN LEANDRO <br />SEP 21 2021 <br />7 PGS <br />RECCIRDER'S USE <br />SUBORDINATION AGREEMENT <br />NOTICE: THIS SUBORDINATION AGREEMENT <br />RESULTS RIOIRITY THANOUR THELIEN OF OMEINTEREST IN THE PROPERTY <br />OTHER OR LATER <br />BECOMING SUBJECT TO AND OF L <br />SECURITY INSTRUMENT. <br />THIS AGREEMENT (this "Subordination Agreement'j, dated as of August 19. <br />2021, is entered into by and <br />City of San <br />eandro as Housing <br />between Lauri Ina Cabasua and Pablo Gonzales the owner ("Owner") andthe <br />an City are Lcollectvely referred <br />Successor to the Redevelopment Agency of the City of San Leandro ("City'. <br />to herein as the "Parties." <br />RECITALS <br />San Leandro CA 94577 in <br />WHEREAS, Owner is the owner of certain real property located at 459 Alvarado y astmore particularly described in <br />the City, known as Assessor's Parcel Number 075 0208 126 00 (the "Property'l <br />Exhibit A attached hereto and incorporated herein by this reference. See Exhibit A <br />se <br />WHEREAS, The City and the Owner entered in�bteat20 main Resale Q Agreement <br />10. 2002 in the officialrecords of Agreement <br />(the "Agreement's recorded as document nu <br />Alameda County; and <br />WHEREAS, to secure the Agreement to the City, Owner did execute a deed of trust (the "Performance Deed of <br />Trust' recorded as document number2002229928 on MAy_23, 22.2 in favor of The Ci of San Leandro; and <br />WHEREAS, Owner has executed, or is about to execute, a deed of trust (thy 'Lender Deed foafvo st D and note (the <br />Fremont Bank <br />"Lender Loan' in the amount of 10 6,167 dated <br />(the "Lender") upon the terms and conditions described in the Lender Loan, which Lender Deed of Trust is to be <br />recorded concurrently herewith; and <br />ning the Lender Loan that the Lender Deed of Trust shall unconditionally <br />WHEREAS, it is a condition precedent to obtai <br />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 <br />of Trust; and <br />ty <br />WHEREAS, Lender is willing to make the Lendeand unconditionally subordinate the lien on charge of superior i <br />provided the Lender Deed of Trust is prior he City Deed of <br />Deed of Trust, and the City agrees specifically <br />Trust to the lien or charge of the Lender Deed of Trust in favor of Lender; and <br />Page No. 1 of 3 <br />