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Recording Requested By and <br /> When Recorded Return to : <br /> FARELLA BRAUN & MARTEL <br /> 235 Montgomery Street <br /> San Francisco, CA 94104 <br /> Attention: Michael P. Burns, Esq. <br /> CONSENT AND SUBORDINATION AGREEMENT <br /> TO SECOND AMENDMENT TO DEVELOPMENT AGREEMENT CD <br /> rn <br /> 0 <br /> rn <br /> THE PRUDENTIAL INSURANCE COMPANY OF AMERICA, as Beneficiary under <br /> that certain Construction and Permanent Deed of Trust, Security Agreement and Fixture Filing N <br /> with Assignment of Rents executed by CENTRUM III ASSOCIATES, a California general t11 <br /> partnership, as Trustor, dated August 31 , 1990, and recorded September 4, 1990, in the <br /> Official Records of San Mateo County, Serial Number 90-118294 (the "Deed of Trust"), <br /> hereby (i) approves and consents to the recording of the foregoing Second Amendment to <br /> Development Agreement ("Second Amendment"), (ii) subordinates the beneficial interest <br /> under the Deed of Trust to the Agreement as modified by this Second Amendment and <br /> (iii) agrees that the Second Amendment shall have the same force and effect as though it had <br /> been recorded prior to the recordation of the Deed of Trust. <br /> IN WITNESS WHEREOF, Beneficiary has executed this Consent and Subordination <br /> Agreement the day and year set forth below its signature. <br /> AS BENEFICIARY: <br /> THE PRUDENTIAL INSURANCE COMPANY <br /> 7OF AMERICA <br /> By: ,...e.,e;>; <br /> Name: Frederick 0 . vanOverbeek <br /> Title: Vice President <br /> Date: August 27 , , 1996 <br /> 0669212MF 107!.DOC:1223 65 <br />