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SUBORDINATION OF DEED OF TRUST
<br />Loan No: 101298208 (Continued)
<br />201607734
<br />Page 2
<br />As a condition to the granting of the requested financial accommodations, Lender has required that the Lenders Lien be
<br />and remain superior to the Subordinated Deed of Trust.
<br />REQUESTED FINANCIAL ACCOMMODATIONS. Trustor, who may or may not be the same person or entity as
<br />Borrower, and Beneficiary each want Lender to provide financial accommodations to Borrower in the form of the
<br />Superior Indebtedness, Trustor and Beneficiary each represent and acknowledge to Lender that Beneficiary will benefit
<br />as a result of these financial accommodations from Lender to Borrower, and Beneficiary acknowledges receipt of
<br />valuable consideration for entering into this Subordination.
<br />NOW THEREFORE THE PARTIES TO THIS SUBORDINATION HEREBY AGREE AS FOLLOWS;
<br />SUBORDINATION. The Subordinated Deed of Trust and the Subordinated Indebtedness secured by the Subordinated
<br />Deed of Trust is and shall be subordinated in all respects to Lender's Lien and the Superior Indebtedness, and it is
<br />agreed that Lender's Lien shall be and remain, at all times, prior and superior to the hen of the Subordinated Deed of
<br />Trust, The words "Security Interest mean and include without limitation any type of collateral security, whether in the
<br />form of a lien, charge, mortgage deed of trust, assignment, pledge, chattel mortgage, chattel trust, factor's fien,
<br />equipment trust, conditional sale, trust receipt, lien or title retention contract, lease or consignment intended as a
<br />security device, or any other security or lien interest whatsoever, whether created by taw, contract . or otherwise.
<br />BENEFICIARY'S REPRESENTATIONS AND WARRANTIES. Beneficiary represents and warrants to Lender that (A) no
<br />representations or agreements of any kind have been made to Beneficiary which would limit or qualify M any way the
<br />terms of thiS Subordination. (B) this Subordination is executed at Borrowers request and not at the request of Lender,
<br />(C) Lender has made no representation to Beneficiary as to the creditworthiness of Borrower and (D) Beneficiary has
<br />established adequate means of obtaining from Borrower on a continuing basis information regarding Borrowers financial
<br />condition. Beneficiary agrees to keep adequately informed from such means of any facts events, or circumstances
<br />which might in any way affect Beneficiary s risks under this Subordination. and Beneficiary further agrees that Lender
<br />shall have no obfigation to disclose to Beneficiary information or material acquired by Lender in the course of its
<br />relationship with Beneficiary.
<br />BENEFICIARY WAIVERS, Beneficiary waives any right to require Lender (A) to make, extend, renew. or modify any
<br />loan to Borrower or to grant any other financial accommodations to Borrower whatsoever (8) to make any
<br />presentment, protest, demand, or notice of any kind, including notice of any nonpayrnent of any Superior Indebtedness
<br />secured by Lender's Lien, or notice of any action or nonaction on the part of Borrower, Lender, any surety, endorser, or
<br />other guarantor in connection with the Superior Indebtedness, or in connection with the creation of new or additional
<br />indebtedness; (C) to resort for payment or to proceed directly or at once against any person, including Borrower (D)
<br />to proceed directly against or exhaust any collateral held by Lender from Borrower, any other guarantor, or any other
<br />person; (E) to give notice of the terms, lime, and place of any public or private sale of personal property security held
<br />by Lender from Borrower or to comply with any other applicable provisions of the Uniform Commercial Code; (F) to
<br />pursue any other remedy within Lenders power or (G) to commit any act or omission of any kind. at any time with
<br />respect to any matter whatsoever,
<br />LENDER'S RIGHTS. Lender may take or omit any and all actions with respect to Lender's Lien without affecting
<br />whatsoever any of Lender s rights under this Subordination, In particular, without limitation, Lender may without
<br />notice of any kind to Beneficiary. (A) make one or more additional secured or unsecured loans to Borrower; (8)
<br />repeatedly alter, compromise, renew extend, acceterate, or otherwise change the time for payment or other terms of
<br />the Superior Indebtedness or any part of R. including increases and decreases of the rale of interest on the Superior
<br />Indebtedness: extensions may be repeated and may be for longer than the original loan term; (C) take and hold
<br />collateral for the payment of the Superior indebtedness, and exchange, enforce, waive. and release any such collateral,
<br />with or without the substitution of new collateral; (D) release, substitute, agree not to sue, or deal with any one or
<br />mare of Borrowers sureties, endorsers, or guarantors on any terms or manner Lender chooses; (E) determine how,
<br />when and what application of payments and credits, shall be made on the Superior Indebtedness; (F) apply such
<br />security and direct the order or manner of sale of the security, as Lender in its discretion may determine: and (G)
<br />transfer this Subordination to another party,
<br />DEFAULT BY BORROWER, If Borrower becomes insolvent or bankrupt, this Subordination shall remain in full force and
<br />effect Any default by Bon-or under the terms of the Subordinated Indebtedness also shall constitute an event of
<br />default under the terms of the Superior Indebtedness in favor of Lender.
<br />MISCELLANEOUS PROVISIONS. The following miscellaneous provisions are a part of this Subordination:
<br />Attorneys' Fees; Expenses. If Lender institutes any suit or action to enforce any of the terms of this
<br />Subordinate:in, Lender shall be entitled to recover such sum as the court may actudge reasonable as attorneys fees
<br />at trial and upon any appeal. Velether or not any court action is involved, and to the extent not prohibited by law,
<br />all reasonable expenses Lender incurs that in Lenders opinion are necessary at any time for the protection of its
<br />interest or the enforcement of its rights shall become a part of the Indebtedness payable on demand and shall bear
<br />interest at the Note rate from the date of the expenditure until repaid. Expenses covered by this paragraph include,
<br />without limitation, however subject to any limits under applicable law, Lenders attorneys' fees and Lenders lege/
<br />expenses, whether or not there is a lawsuit . including attorneys' fees and expenses for bankruptcy proceedings
<br />(including efforts to modify or vacate any automatic stay or injunction), appeals, and any anticipated posteudgment
<br />collection services, the cost of searching records, obtaining title reports (including foreciosuie reports) surveyors'
<br />reports, and appraisal fees, title insurance, and fees for the Trustee, to the extent permitted by applicable law.
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