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REQ INNOAEouSTEDBY 2009-166186 FIRST AMERICAN TRIP RECORDING REQUESTED BY: FIRST AMERICAN TITLE COMPANY Fremont Bank 98:00am 12/23/09 SA Fee-. 18.00 Count of Pages 4 39150 Fremont Boulevard Recorded in Oflicial Records Fremont, CA 94538 County of San Mateo Warren Slocum AND WHEN RECORDED MAIL TO: A�sessol rI-Cou Inity Clerk -Recorder CITY OF REDWOOD CITY I P.O.1111I ILII VIII VIII IIII II II I�III I III IIII� I II � �I IIII�I Il��I I III A. BOX 391 REDWOOD,CITY CA 9e53 * 2 0 0 9 0 1 6 6 8 6 A arm: Du6,kfl ;&a400-- SPACE ABOVE THIS LINE FOR KtuuKutK,, uat APN: 113-330-060-6 JPN: 124-032-000-0209T 4W!5q?`;Lcl 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 1ST DAY OF DECEMBER, 2009, by STEVEN K. CHANG, AN UNMARRIED MAN owners of the land hereinafter described hereinafter referred to as "Owner", and CITY OF REDWOOD CITY present owner and holder of the Deed of Trust and Note first hereinafter described and hereinafter referred to as "Beneficiary": WITNESSETH THAT WHEREAS STEVEN K. CHANG SR, AN UNMARRIED MAN HIS SOLE AND SEPARATE PROPERTY did execute a deed of trust, dated FEBRUARY 09, 2004 to CITY OF REDWOOD CITY, A MUNICIPAL CORPORATION, AND THE REDEVELOPMENT AGENCY OF THE STATE OF CALIFORNIA as trustee covering: SEE EXHIBIT "A" ATTACHED HERETO AND MADE A PART HEREOF to secure a Note in the sum of $ 50,000 dated FEBRUARY 09, 2004 in favor of CITY OF REDWOOD CITY which Deed of Trust was recorded as Instrument NO. 2004-027054 Book/Reel NIA Page/Image N/A recorded on FEBRUARY 13, 2004 in the County of SAN MATEO Official Records of said county, WHEREAS, Owner has executed, or is about to execute, a deed of trust and note in the sum of $165,200 or less on or about DECEMBER 14, 2009 , in favor of Fremont Bank, series No. , recorded on 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 WHEREAS, it is a condition precedent to obtaining said loan that said deed of trust last above mentioned shall unconditionally be and remain at all times a lien or charge upon the land herein before described, prior and superior to the lien or charge of the deed of trust first above mentioned; and WHEREAS, Lender is willing to make said loan provided the deed of trust securing the same is a lien or charge upon the above described property prior and superior to the lien or charge of the deed of trust first above mentioned and provided that Beneficiary will specifically and unconditionally subordinate 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; and CLTA SUBORDINATION "A" c UD-64A9REV.4/94) (EXISTING DEED OF TRUST TO NEW DEED OF TRUST) INITIALS: J