Deed - 1348 & 1364 Orchard Ave - File 1137, 1985

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89-0� 3771 RECORDING PEQUESTED BY Land Title Corpany 80901 and when recorded mail to: N ame The City of San Leandro and .235 Fast 14th Street Address c►�. CA 94577 RECORDED at REQUEST OF LAND TITLE INS. CO, At 8.30 A.M. MAR - 81989 OFFICIAL RECOHDS OF MAMEDA COUNTY, CALIFORNIA RENE C. DAVIDSON SPACE ABOVE THIS LINE FOR RECORDER'S SUBORDINATION AGREEMENT USE _I NOTICE: THIS SUBORDINATION AGREEMENT RESULTS IN YOUR SECURITY INTEREST IN THE PROPEP:TY BECOMING SUBJECT TO AND OF LOWER PRIORITY THAN THE LIEN OF SOME OTHER OR LATETI SECURT'7'Y INSTRUMENT. f i THIS AGREEMENT, made this 24th day of February 19 89 , by K jltxjshan Gupta and_Rupa Gupta, husband and wife ' owner of the land hereinafter described and hereinafter referred to as "Owner," and I he City of San L eandro present owner and holder of the deed of trust and note first hereinafter described and herein. after referred to as "Beneficiary"; WITNESSETH THAT WHEREAS, Kulbushan Gupta and Ruda Gupta, husband and wife did execute a deed of trust, dated October 18, 1985 to City of San Leandro as trustee, covering: Lot 16, Smith Subdivision, filed July 31, 1889, Map Book 9 page 28, Alameda County Records to secure a note in the sum of $ 10,000.00 dated October 18- 1985 in favor of city of San Ledridlo —' which deed of trust was recorded Deer 10, 1985 in book page , Official Records of said county; XXWA Instrument Number 85-262657 and WHEREAS, Owner has executed, or is about to execute, a deed of trust and note in the sum of $ 220,nm fn , dated Fehruary 24, 1989 , in favor of RAY VTFW FFDFRAI WINCc ANm 1 0ANi Ac.- f TATTnN A FFDFRAI CORPORATION , hereinafter referred to as "Lender," payable with interest and upon the terms and conditidns de• scribed therein, which deed of trust is to be recorded concurrently herewith; and VX ERT.A.`;, it is a condition precedent to obtaining said loan that said deed of trust last above mentioned shall unconditionally be and remain at all times a lien or charge upon the land hereinbefore described, prior and superior to the lien or charge of the deed of tri,st first above mentioned: and WHEREAS, lender is willing to make said loan provided the deed of trust securing the name is a lien or charge upon the above described property prior and superior to the lien or charge of the deed of trust first above mentioned and provided that Bene- ficiary will specifically and unconditionally subordinate the lien or charge of the deed of trust first above mentioned to the lien or charge of the deed of trust in favor of Lender; and -1- (CLTA SUBORDINATION FORM "A")