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2 01304109 (b) Lender in making disbursements pursuant to any such agreements is under no obligation or duty to, nor has lender represented that it will, see to the application of such proceeds by the person or persons to whom Lender disburses such proceeds and any application or use of such proceeds for purposes other than those provided for in such agreement or agreements shall not defeat the subordination herein made in whole or in part (c) He intentionally and unconditionally waives, relinquishes and subordinates the lien or charge of the Deed of Trust first above mentioned in favor of the lien or charge upon said land of the Deed of Trust in favor of Lender above referred to and understands that in reliance upon, and in consideration of, this waiver, relinquishment and subordination specific loans and advances are being and will be made and, as part and parcel thereof, specific monetary and other obligations are being and will be entered into which would not be made or entered into but for said reliance upon this waiver, relinquishment and subordination; and (d) An endorsement has been placed upon the note secured by the Deed of Trust first above mentioned that said deed of trust has by this instrument been subordinated to the lien or charge of the Deed of Trust in favor of Lender above referred to. NOTICE: THIS SUBORDINATION AGREEMENT CONTAINS A PROVISION WHICH ALLOWS THE PERSON OBLIGATED ON YOUR REAL PROPERTY SECURITY TO OBTAIN A LOAN A PORTION OF WHICH MAY BE EXPENDED FOR PURPOSES OTHER THAN IMPROVEMENT OF THE LAND. e ttitiin JAMES W. CRAMER COLLEEN L. CRAMER ACKNOWLEDGEMENT / JUFlAT CERTIFICA1 E ATTACHED BANK OF THE WEST 0A1_&,00)(aj Sue Crockett Vice President (ALL SIGNATURES MUST BE ACKNOWLEDGED) PAGE 3 OF 3 IT IS RECOMMENDED THAT, PRIOR TO THE EXECUTION OF THIS SUBORDINATION MOSHABE\FORMS\SUB AGREEMENT BLANK 4/23/96