RecD03 2003-082109 - Laserfiche WebLink

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,l31 That this agreement shall be the whole and only agreement with regard to the subordination of 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 above referred to and shall supersede and cancel, but only insofar as would affect the priority between the deeds of trust hereinbefore specifically described, any prior agreements as to such subordination including, but not limited to, those provisions, if any, contained in the deed of trust first above mentioned, which provide for the subordination of the lien or charge thereof to another deed or deeds of trust or to another mortgage or mortgages. Beneficiary declares, agrees and acknowledges that (a) He consents to and approves (i) all provisions of the note and deed of trust in favor of Lender above referred to, and (ii) all agreements, including but not limited to any loan or escrow agreements, between Owner and Lender for the disbursement of the proceeds of Lender's loan. (b) Lender in making disbursements pursuant to any such agreement is under no obligation or duty to, nor has Lender represented that it will, see to the application of such proceeds by the person or persons to whom Lender disburses such proceeds and any application or use of such proceeds for purposes other than those provided for in such agreement or agreements shall not defeat the subordination herein made in whole or in part; (c) He intentionally and unconditionally waives, relinquishes and subordinates the lien or charge of the deed of trust first above mentioned in favor of the lien or charge upon said land of the deed of trust in favor of Lender above referrred to and understands that in reliance upon, and in consideration of, this waiver, relinquishment and subordination specific loans and advances are being and will be made and, as part and parcel thereof, specific monetary and other obligations are being and will be entered into which would not be made or entered into but for said reliance upon this waiver, relinquishment and subordination; and (d) An endorsement has been placed upon the note secured by the deed of trust first above mentioned that said deed of trust has by this instrument been subordinated to the lien or charge of the deed of trust in favor of Lender above referred to. NOTICE: THIS SUBORDINATION AGREEMENT CONTAINS A PROVISION WHICH ALLOWS THE PERSON OBLIGATED ON YOUR REAL PROPERTY SECURITY TO OBTAIN A LOAN A PORTION OF WHICH MAY BE EXPENDED FOR OTHER PURPOSES THAN IMPROVEMENT OF THE LAND. rporation J2~I~~ Ronald B. Bianconi Vebl;] í Jo~es "thomAS ~<ù:::-b .~ Linda L. Bi nconl Beneficiary STATE OF CALIFORNIA -f- COUNTY OF '- $"b.. N Met- \.. fÌ.-a Owner On Before me, A Notary Public in aQQ1Qr said State. personall appeared -1)J:L h h ; -.J 0 17 e.~' ~ --r-h O/YIc.. S personally known to me (or proved t8 r;T;H~ on the hHsis of !':~vi8once.) to be the person(ßÇwhose nam is/ar~subscribed to the within instrument and acknowledged to me that she/t executed the same in ~herl ir authó~ized capacity(i~, and that by hrf1her/t~r signature(s,(on the in ti on be alf of which the person~ acte~,. executed the instrument. ~"."'.. VIVIE NE CRAIG WITNESS my hand'and official seal. - , Commission 11336270 ~ ',,' '., Notary Public - California ~ j " San Mateo County ! ~ My Comm. "",... Jon 21, - . I > .~~_...~-- Signature !JÁA .r1.J?A.~ -- - -- ~ (This area for official notarial seal) (ALL ATURES MUST BE ACKNOWLEDGED) IT IS RECOMMENDED THA T, PRIOR TO THE EXECUTION OF THIS SUBORDINA TION AGREEMENT, THE PARTIES CONSUL T WITH THEIR A TTORNEYS WITH RESPECT THERETO. (CL TA SUBORDINATION FORM "A") I111I1111111111111111111111111111111111111111111111111I 2003-082109 03/28/2003 08:00A SA Page: 2 of 4 .. . -.. ................-....... '..000___--_.' ,-...-.---...--...-... -...---..