RecDoc 2001-102786 - Laserfiche WebLink

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c� Recorded at the request of: Old Republic Title Company 291953 / Esc #522521-KEB When recorded, mail to: Redevelopment Agency of the City of Redwood City 1017 Middlefied Rd. 1st Flr. Redwood City, CA 94063 DOC ft x:00 j. --10Z aG 07/09,12001 03:16P SA Fee 16.00 Page 1 of 4 Recorded in Offir.ial Records County of San Mateo Warren Slocum Assessor-Countyy Clerk -Recorder Recorded By OLD RE:," LIC TI7LE COMPANY III! Il �ii irilII;ill A 7U SUBORDINATION AGREEMENT 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 29thday of June, 2001 , by JESUS ALCALA and MARIA R. ALCALA owner of the land hereinafter described and hereinafter referred to as "Owner", and Redevelopment Agency of the City of Redwood Cit , present owner and holder of the Deed of Trust and Note first hereinafter described and hereinafter referred to as "Beneficiary". WITNESSETH THAT WHEREAS, JESUS ALCALA and MARIA R. ALCALA did execute a Deed of Trust, dated to Re eve opn-ent Agency ot tFe-7—it—y-o-f Redwood City , as Trustee, covering; to secure a Note in the sum of $10, 000.00 , dated , in favor of Redevelopment Agency of the City o wood Czty which Deed of Trust was recorded on December 22, 1999 , in Book/Reel at Page/Image _ Series Number 1999--207281 , of Official Records of said county; and WHEREAS, Owner has executed, or is about to execute, a Deed of Trust and Note in the sum of $ 181, 500.00 , dated June 25, 2001 , in favor of Bank of America Mortgage hereinafter referred to as "Lender", payable with interest and upon the terms and conditions described therein, which Deed of Trust is to be recorded concurrently herewith; and SUBORDINATION, RECORDED DEED OF TRUST TO DEED OF TRUST TO RECORD. FTGIS-950 2/94 - Subordination Agreement - A, Page 1 of 3