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:--;1-::\1 \-'.1 -DI:VIJ(l('MH\T DLI',\kTMEI\T: 1:2 11 (-): ~lI,\M ('\ 'J'Y (ll' I :~:2;3~-n \ :::;:J()lI:!i :2/ RECORDING REQUESTED BY: WHEN RECORDED MAIL TO: ESCROW NO: TITLE ORDER NO: SPACE ABOVE THIS LINE FOR RECORDER'S USE APN: 221-064-016-8 and 221-161-028-9 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 December 5, 2001 by Hampshire Capital, L.P.. a California limited partnership owner of the lend hereinefter described and hereinafter referred to as "Owner," and The Redevelopment Agency of the City of Riverside present owner end holder of the deed of trust and note first hereinafter described and hereinafter referred to as "Beneficiary" ; WITNESSETH THAT WHEREAS, RP Aparbllents, Ltd., a California limited partnership did execute a deed of trust, dated Ju1y '13. 1992 ,to Title Insurance and Trust Company. a California corporation as trustee, covering: SBI! ATTACHED EXHIBIT A. made a part hereof as though fully set forth. to secure' a note in the sum of $650,000.00 in favor of Beneficiary which deed of trust was recorded as Instrument No, in book , page ,dated Ju1y 13. 1992 271572 , on Ju1y 22, , Official Records of said county; and 1992 WHEREAS, Owner has executed, or is about to execute, a deed of trust and note in the sum of $ 4,200,000.00 dated December 5, 2001 , in favor of Ca1ifornia Bank 5 Trust, a Ca1ifornia bankinq corp. hereinafter referred to as "Lender," payable with interest and upon the terms and conditions described therern, which deed of trust is to be recorded concurrentlv 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 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 ~/~. ..Y;X:/,'.' " CLTA SUBORDINATION ~A" INITIALS: / ~~_ _____ UD-46A (Rev. 4/94) (EXISTING DEED OF TRUST TO NEW DEED OF TRUST) '-~-':/ Page NO.1 nf J ~.~ Li'l~ WI1 /c*~ / i~()/ " ,/}n .17,"'77' r<:"'T / ~ cf--