RecDoc 2020-076098 Housing_Vicky Neves_ Subordination Agreement

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RECORDING REQUESTED BY: First American Title Company AND WHEN RECORDED MAIL DOCUMENT TO: The City of Redwood City Attn: Housing Division 1017 Middlefield Road Redwood City, CA 94063 THIS DOCUMENT HAS BEEN ELECTRONICALLY RECORDED. SEE THE ATTACHED COVER PAGE FOR RECORDING INFORMATION Spare Above This Line for Recorder's Use Only A.P.N.: 113-330-020 File No.: 0714-6254257 (SV) SUBORDINATION AGREEMENT (EXISTING TO NEW) NOTICE: THIS SUBORDINATION AGREEMENT RESULTS IN YOUR SECURITY INTEREST IN THE PROPERTY BECOMING SUBJECT TO AND OF LOWER PRIORITY THAN THE LIEN OF SOME OTHER OR LATER SECURITY INSTRUMENT. THIS AGREEMENT, made this 1 5 t- -h day of July ,2020, by VICKIE NEVES, AN UNMARRIED WOMAN Owner of the land hereinafter described and hereinafter referred to as "Owner", and The City of Redwood City, a Municipal Corporation present Owner and Holder of the Deed of Trust and Note first hereinafter described and hereinafter referred to as "Beneficiary"; WITNESSETH THAT WHEREAS, Owner has executed a Subordinate Deed of Trust with Power of Sale dated October 5, 2016 to The City of Rewood City, a Municipal Corporation, as Trustee, covering: PARCEL I: UNIT 106, CONSISTING OF CERTAIN AIR SPACE AND ELEMENTS, AS DESCRIBED IN THE MAP AND CONDOMINIUM PLAN ("PLAN") FOR WYNDHAM PLACE, WHICH PLAN RECORDED AUGUST 16, 1994, IN BOOK 124 OF MAPS, AT PAGE 32 THROUGH 36, INCLUSIVE, AS DOCUMENT NO. 94134879 OF THE OFFICIAL RECORDS OF SAID COUNTY. PARCEL II: AN UNDIVIDED 1/15TH FEE SIMPLE INTEREST AS TENANT-IN-COMMON IN COMMON AREA "A", (THE "COMMON AREA"), AS SAID LOT IS SHOWN ON THAT CERTAIN MAP ENTITLED "WYNDHAM PLACE", WHICH MAP WAS FILED IN THE OFFICE OF THE SAN MATEO COUNTY RECORDER ON AUGUST 16, 1994, IN BOOK 124 OF MAPS AT PAGES 32 THROUGH 36, INCLUSIVE. REV: 07-28-2020 PR ATTY/AGR.2020.130Nickie Neves - 1233 Warren St, Unit 106 (Page 1 of 6)