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Subordination Agreement 1988-345880 I' I ,( , I, - ....;.-,;-.....; ~ ,., 1':r/ y (J "~" , . ~ ' \, i' ".-;- v,l " .. .....~'~f..,. ~.. ':,,' ;";'..!!::.' ., ~. , jt: ~,JS 8'6 \'. .: '. ,; - -- . ../ ~.....~---~ ~ < ".. .~~,. 3'~ j;e;,o~8"O: '~IJB ' A"~""'O" " ':' ''- ~:~~~~i~r?i'i?"~~~t~A .1 "i~31jlO Jl:L .;-2' AH}il:,4,Q, .- " ~ r I ,_ ~~ RECOR!}I3~.c :'!''''=:Q!j;:~,:ZD ~.y~;, --- - , .!~ .; ~i ," -;', ,~ j "".; ", '_'_-I.,~, .- ..,~ THEtI'IY 0" ?O:;.;): I "', I' -",...'--;,'-';, ' " .' L ~'.;r~ . ,.; L.;-- WE:~~ ,P.ECOF..DED l'~AIL '1'0: .c::-L THE ClIT OF ?m:AY P.O. BOX ')89 P:O~\'...\Y\; C.;LI':.O?:,rA 9206'4 1Il0FEE ,THIS SPACE 'FOR, ?..EtO:J)~;:-'S'US=: -~ 0: SUBORDINATION AGRE~~NT '. 'FO::< VA-WE ,RECEl\'ED, th,e' undersigned,as Eeneficier~. u.,der"a De'ed of Ileust "C2ted 2"1 AUGust; 1978 ,reco,:-e:e'd i:1 the Office :of tile :Co"unt:y 'Recorder of S"nDiEg(), Ceunty 24, AUQust 1978 , , :File No.. 78-360B6,6 , and as o"'ner end hOl<c;e,r, of t"e ob'lfgetions, there'oy sEc\;:-e'd "<,ees herebYI:2ke subject and ,sub.ordi::late the ~,i"n:s the::2:;':' 't'? the 'E2'se;::entgr"cted by, Manor,Tnvestnierit ~,ssoci,ates, Lt'd., ,a, oartnershap to TH=:' G-ITY OF '?O;...~.:..~{,- i): >~i'~g' understood. ';:n:d: ,<?g:::,eed' the. 1:. 'f'9r;~cl:o.sU:r$, of, sai:4 D~~fl 0: Tru~ t shall no i: af-fec~_~ d~e:fea t or rend'~.:r' i:Jve.'lidFEony r~gf1.ts.; un-gei" and by, v~,'rt.u_e, ,or" sz'ia e'asB:;e:d:, 'E.~d "$zic, ec..'se=~n',~ '~t:-~,i'l, be p2ra.~ou!1t a::iCi super'ib-r to the""r.i'ghi:s of any ,p,urcr:~ser u:1d"'er a for.eclcs~,=:e. 'of. said Dc.ed. ,q{ Tr,ust:.. Sa'id' 'easer.1en~ '~.as . the rea'foro';)e:=tH .. , ~.~ J I' - \'6--,5'0, , Fne No,. 00 ""-S'D1S~ B5'3~S:B"ll ,e.:od Trust'. , reco.rcied ~- ~-es-c'=i'bed J.n-' s~~..4:;,D'eed of c.r:.,ec::s .t.! ; _,~he uncers:::;;ne~~' 3en~f:.~'::ary ,of sai:d Deed of ::::ustded2res a"d "d",o'.:l.:cie~t::"lO 'i~ herebYin:en'ticn"lIY"-"ives" relf"quishe's; 'and subo:::dina tes the 'priori ties ,,~.,d' .su?eri'ori.t.~fesi ,0: cr.e., :ii'~n a::-';d-' C:ha;-ge, /?'f said' Deed_of' 'ti,u~c ti?q,~ the l2nd ce.,?ciibed - - ,there}!l ,i:1 fnvor of sa:.d e"semc:1t" and th"t ,it 'underst:".nds' :hat'in re.ri"r~c:: ~pc:1.""d ' i:1. CO:1sidefz tic:1 of 'this "-',dye:::', 'relinc.uis~_'::8"':'i' "nd' ,sub'ordin2 tic'! ~specL',i'c ':co"et,,::y . 'aI1~t ot'~e:-'obli,S~'::.:..6;:s ,.....ill be' ?:1c,e::-"ed i:lto by :T~~J=-:d -?2;-~tie''s -..:hich,.....ou'ld -fooi: 'be ,':3C'e - (),r' ,enc,e::-ed bco'but :c::: seid ":::el:iance 2nd ::ne e~;ed.:':icn by Beneficiar~,. of, thi::; '.-":eve",,, ':~ re1i;;t;u;.~h:7:'en.::., .Jnd su::or:ii:;at::0:1.. nz C cd: 'June 24, 1988 " 2~:;.e.:"~C-r/2..Y, :~ mUON, BANK '2$1 : XStCUl t,,~ I'l.i.:ucbl 'l\~~e. 'PresidEmt '11 " ~~/~f. ~:.o. :.:;~c. ~:o.." P:'oj.:!c :.: ..' , , 3,-: ~;6T:.: 3y: .-:-:..!..L S:~'q:.;:'.::L;:::::S >:L:S;r 3::, ~\'C:~:C:'.t-'2JC:=J :~.o-!~.:'.:.:T'~':':S : U"'r> .-- .p:c,z:;.c.r' f'0,t":-J",:.:!::t.-:!c:-:cd ~~"~,':;'.t ;~'~';~c;'~ ~,~ ~8.._?,T'i':'''t t~ 1'.JI'co1 s (, & 1 On 1 y . . CAT. NO.'NN00737 'TO"21945 CA (1-=-83) _~ (Corporation) () 1887 ~ TICOR TiTlE INSURANCE , i ..~ STATE'OF CALIFORNIA COl:JNTY OF Los M\lp.lp.s Oil July 8, 1988 before me, the undersigned, a Notary ,Public in and i said State, personally appeared stan R. HIDes ' personally known. ~o rri~ Of proved to I'fle ,on the' basis '.. of.:s~tisfactory ~vidence to be the person who executed ~J; the.within instrument as the Ass'-;'st 1mt 'Vi CR ;~,\ .. President, ~ ~: ~, . , ' person:illy known to me or ~. ~.yprove:" to me on the basis of satisfactory evidence to be a "'-:. the person whO' executed the wit,hin insec_ument as the I - Secretary of the" Co~poration t ~ "~that executed 'ihe within instrul11,e!l[ ~nd acknowledged to me, that such corporation' executed the within instru- ment 'pursuant to its by-laws or a resolution of its - board ~of directors, WITNESS my ~and Of~ffal<:::2 ~ Slgnature~4-tV~~' ~~_ } ss. for e- . OFFICIAL SEAL '" .' CARMElITA CAMPISTROIJS: . , ,_. NOTARY FlJ!3l!C - CAlIFORMA ," PRINCIPAL or;::cr:: IN ' , LOS ANGELES COUNTY My Commission Expires March 6, 1992 (This area for official nowial seal)