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RECORDING REQUESTED BY: 2�� 2-152502 Fidelity National Title Company FIDELITY NATIONAL TITLE Escrow No.: 12-262272-JM 8:00 am 10/18/12 SA Fee:24.00 Locate No.: CAFNT0941-0907-ODO1-0009585516 Count of Pages 4 Title No.: 12-9585516-AL Recorded in Official Records County of San Mateo When Recorded Mail Document To: Mark Church City of Redwood City Assessor-Count Clerk-Recorder 1017 Middlefield Road IIII III II IIII II II I IIII III I ( III Redwood City, CA 94064 I ! * R 0 0 0 1 5 1 4 5 3 1 � �S��J� � APN: 053-251-060 SPACE ABOVE THIS LINE FOR RECORDER'S USE � SUBORDINATION AGREEMENT "1 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 October 8, 2012, by Cindy M. Quontamatteo owner of the land hereinafter described and hereinafter referred to as"Owner,"and 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, Cindy M. Quontamatteo who acquired title as Cindy Reguerin, did execute a deed of trust, dated February 21, 2003, to Fidelity National Title Insurance Company,a Corporation, as trustee, covering SEE EXHIBIT"A"ATTACHED HERETO AND MADE A PART HEREOF to secure a note in the sum of $100,000.00, dated February 21, 2003, in favor of City of Redwood City, a Municipal Corporation,which deed of trust was recorded as instrument no.�9660,i,on April li, 2003,in book , page , Official Records of said county; and ?c��3�- c)9(,�� WHEREAS, Owner has executed, or is about to execute, a deed of trust and note in the sum of $219,000.00 dated October 10, 2012 , in favor of Pinnacle Capital Mortgage Corporation, hereinafter referred to as "L�nder,"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 hereinbefore 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 properly 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 INITIALS: �.�., FD-46A(Rev. 12/07) CLTA SUBORDINATION"A" (subora)(12-07) (EXISTING DEED OF TRUST TO NEW DEED OF TRUST) Page No. 1 of 3