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<br />5. Governing Law. This Agreement shall be construed in accordance with and be governed <br />by the laws of California. <br /> <br />6. Countemarts. This Agreement may be executed in several counterparts, each of which <br />shall be an Oliginal and all of which sl1all constitute one and the same instrUlllent. <br /> <br />7. Severabilitv. In the event any provision of this Agreement shall be held invalid or <br />wlenforceable by any cowt of cotnpetent jurisdiction, it shall not invalidate or render unenforceable any <br />other part of this Agreement. <br /> <br />NOTICE: TIDS SUBORDINATION AGREEMENT CONTAINS A <br />PROVISION WHICH ALLOWS THE PERSON OBLIGATED ON YOUR REAL <br />PROPERTY SECURITY TO OBTAIN A LOAN, A PORTION OF WInCH MAYBE <br />EXPENDED FOR OTHER PURPOSES THAN IMPROVEMENT OF THE LAND. <br /> <br />IN WITNESS WHEREOF, the parties hereto have executed this Agreenlent as of the date first <br />above written. <br /> <br />LOCALITY: <br /> <br />BORROWER: <br /> <br />Attest: <br />Silvia Vande <br /> <br /> <br />CITY OF REDWOOD CITY, CALIFORNIA, a <br />public body, corporate and politic <br /> <br />BY:~ <br />Name'- . I}J(nlt~ <br />Title: C/~ 1ft1~"l~ I ~)Jfl\l8' <br />, Dl~ <br />Plt1(')JPJJ~r <br />.:jL <br /> <br />REDWOOD OAKS <br />ASSOCIATES, a. California limited <br />partnership <br /> <br />By: illP Housing Development <br />Corporation, a California <br />non-profit public benefit <br />corporation, Its General <br />Partner <br /> <br />By:' <br />'Na.me: <br />Title: <br /> <br />CaIHF A: <br /> <br />CALIFORNIA HOUSING FINANCE AGENCY, <br />.. -. .apuhlicinstnun. . . . . and political subdivisionuofthe <br />State Califo . <br /> <br /> <br />ACKNOWLEDGEMENTS <br /> <br />CalHFA.SUBORDINATION-B (Redwood City}.Locality. - 4 _ <br />Redwood Oaks Apts., 99..o19-N <br />6/11j2009.M}V.CLC-#176627v2 - FlNAL <br />