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RECORDING REQUESTED BY: <br />Chicago Title Company <br />Order No.: FWPN-3652100739 <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 />2021303079 09/08/2021 10:28 AM <br />OFFICIAL RECORDS OF ALAMEDACOUNTY <br />044,MELISSAWILK, CLERK -RECORDER <br />RECORDING FEES: $111.00 <br />ELECTRONICALLY RECORDED <br />ITY OF SAN LEANDRO <br />NOV 0 2 2021 <br />5 PGS <br />APN: 075-0208-012-00 SPACE j1E-@WM 'I&@W&f WS USE <br />SUBORDINATION AGREEMENT <br />NOTICE: THIS SUBORDINATION AGREEMENT RESULTS IN YOUR SECURITY INTEREST IN THE PROPERTY <br />BECOMING SUBJECT TO AND OF LOWER PRIORITY THAN THE LIEN OF SOME OTHER OR LATER <br />SECURITY INSTRUMENT. <br />THIS AGREEMENT (this "Subordination Agreement', dated as of August 19, 2021, is entered into by and <br />between Shana J. Amena hO awon the owner ("Owner") and the City of San Leandro as Housing Successor to the <br />Redevelopment Agency of the City of San Leandro ("City'). Owner and City are collectively referred to herein as the <br />"Parties." <br />RECITALS <br />WHEREAS, Owner is the owner of certain real property located at 725 Bloom Stye itr San Lgla dro, CA 94577 in <br />the City, known as Assessor's Parcel Number 075-0208-012-00 (the "Property"o as more particularly described in <br />Exhibit A attached hereto and incorporated herein by this reference. <br />WHEREAS, The City and the Owner entered Into that certain Resale Agreement and Option to Purchase Agreement <br />(the "Agreement') recorded as document number 2009284609 on SepWmber 1, 2009 in the official records of <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's recorded as document number2018245844 on December 28, 2018, In favor of The City of San Leandro; <br />and <br />WHEREAS, Owner has executed, or is about to execute, a deed of trust (the "Lender Deed of Trust'j and note (the <br />"Lender Loan'j In the amount of $336,000 dated , In favor of Best Capital <br />Funding (the "Lender") upon the terms and conditions described In the Lender Loan, which Lender Deed of Trust is <br />to be recorded concurrently herewith; and <br />WHEREAS, it is a condition precedent to obtaining the Lender Loan that the Lender Deed of Trust shall unconditionally <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 />WHEREAS, Lender is willing to make the Lender Loan provided the Lender Deed of Trust is prior and superior to City <br />Deed of Trust, and the City agrees specifically and unconditionally subordinate the lien or charge of the City Deed of <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 />