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IN WITNESS WHEREOF, the parties hereto have executed this Subordination Agreement as of the <br />date first above written. <br />HEART: <br />HOUSING ENDOWMENT AND <br />REGIONAL TRUST OF SAN MATEO <br />COUNTY, a joint powers agency existing <br />under the laws of the State of California <br />By: &-I& i�- '--� <br />Name: <M Cis, S ct n !tie Z <br />Title: i re c i" <br />CITY: <br />CITY OF REDWOOD CITY, a California charter <br />city and municipal corporation <br />SIGNED IN COUNTERPART <br />Bv: <br />Name:. Melissa Stevenson Diaz <br />Title: City Manager <br />BORROWER: <br />HEART -SV, a joint powers agency <br />existing under the laws of the State of <br />California <br />B '� <br />Y� <br />Name: A r AAaAa v �. S o Ache Z <br />Title: E;4ecuti ✓< l i r[ !2�/' <br />