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-11L1 RECORDING REQUESTED BY: Fremont Bank 39150 Fremont Boulevard Fremont, CA 94538 -t2-00/32;Z179- AND WHEN RECORDED MAIL TO: City of Redwood City Planning & Housing Services Attn: Cindy Avila 1017 Middlefield Road, Redwood City, CA 94064 2013-098318 FIRST AMERICAN TITLE COMPANY 8:00 am 07/02113 SA Fee: 24.00 Count of Pages 4 Recorded in Officia; Records County of San Mateo Mark Church A"essor•Counl Cfeok-Rocorner li � � * R C] f3 0 1 6 R O 9 _SPACE ABOVE THIS LINE FOR RECORDER'S USE APN #: 113-330-060 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 22T" day of May, 2013 by STEVEN K. CHANG, AN UNMARRIED MAN owners of the land hereinafter described hereinafter referred to as "Owner, and CITY OF REDWOOD CITY, A MUNICIPAL CORPORATION AND THE REDEVELOPMENT AGENCY OF THE CITY OF REDWOOD CITY, EXISTING UNDER THE STATE OF CALIFORNIA, present owner and holder of Deed of Trust and Note first hereinafter described and hereinafter referred to as "Beneficiary" WITNESSETH THAT WHEREAS STEVEN K CHANG SR., AN UNMARRIED MAN AS 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 CITY OF REDWOOD CITY, A 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 $50,000.00 dated February 09, 2004 in favor of CITY OF REDWOOD CITY, A MUNICIPAL CORPORATION AND THE REDEVELOPMENT AGENCY OF THE CITY OF REDWOOD CITY, EXISTING UNDER THE STATE OF CALIFORNIA. Which Deed of Trust was recorded as Instrument NO 2004-27954 Z6a+4-62 7esy Book/Reel N/A, Page/Image N/A recorded on February 13, 2004 in the County of San Mateo, Official Records of said county. Document re-recorded March 03, 2004 as INSTRUMENT NO. 2004-038329 of Official Records A document recorded February 19, 2004 as INSTRUMENT NO. 2004-029984 of Official Records. WHEREAS, Owner h s xecuted, or is about to execute, a deed of trust and note in the sum of $138,200.00 or less on or about OG/ji/2v 13 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" UD-64A9REV.4/94) (EXISTING DEED OF TRUST TO NEW DEED OF TRUST) INITIALS: C-