Laserfiche WebLink
<br />200606774 <br /> <br />limited to any loan or escrow agreements, between Owner and Lender for the <br />.:lisbursement ofthe proceeds of Lender's Loan; <br />2. Lender in making disbursements pursuant to any such agreement is under no <br />.)bligation or duty to, nor has Lender represented that it will see to the application <br />,)f such proceeds by the person or persons to whom Lender disburses such <br />)roceeds and any application of such proceeds for purposes other than those <br />)rovided for in such agreement or agreements shall not defeat the subordination <br />: 1erein made or in part; <br />3.:Ie intentionally and unconditionally waives, relinquishes and subordinates the <br />ien or charge of the Deed of Trost first above mentioned in favor of the lien or <br />,;harge upon said land of the Deed of Trust in favor of Lender above referred to <br />imd understands that in reliance upon, and in consideration of, this waiver and <br />l'Clinquishment and subordination specific loans and advances are being and will <br />be made and, as part and parcel thereof, specific monetary and other obligations <br />11re being and will be entered into which would not be made or entered into but for <br />:;aid reliance upon this waiver, relinquishment and subordination; and <br />4. .~n endorsement has been placed upon the note secured by Deed of Trust first <br />above mentioned that said Deed of Trust has by this instrument been subordinated <br />1:0 the lien or charge of the Deed of Trust in favor of Lender referred to <br /> <br />NOTICE: THIS SUBORDINATION AGREEMENT CONTAINS A PROVISION <br />WHICH ALLOWS THE PERSON OBLIGATED ON YOUR REAL PROPERTY <br />SECURITY TO OBTAIN A LOAN A PORTION OF WHICH MAY BE <br />EXPENDED FOR OTHER PURPOSES THAN THE IMPROVEMENT OF THE <br />LAND. <br />BENEFICIARY: CITIFlNANCIAL, INC. <br /> <br />C7~ <br />,,- <br />P?nt Nf~me:, L.e..e.- <br />Title: _ I3mnrh. mMG\ifF <br /> <br />Print Name: <br />Title: <br /> <br />3 <br />