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<br />'. <br /> <br />) <br /> <br />.., <br /> <br />200706610 <br /> <br />(3) That this agreement shall be the whole and only agreement with regard to the <br />subordination of the Existing and Continuing Security Instrument to the New Security Instrument <br />and shall supersede and cancel, but only insofar as would affect the priority between the security <br />instruments hereinbefore specifically described, any prior agreements as to such subordination <br />including, but not limited to, those provisions, if any, contained in the Existing and Continuing <br />Security Instrument above mentioned, which provide for the subordination of the lien to another <br />security instrument, deed of trust or mortgage. <br /> <br />Subordinating Lender declares, agrees and acknowledges that <br /> <br />(a) It consents to and approves (i) all provision of the note and New Security Instrument in favor <br />of Lender above referred to, and (ii) all agreements, including but not limited to any loan or <br />escrow agreements, between Borrower and Lender for the disbursement of the proceeds of the <br />New Loan; <br /> <br />(b) Lender making disbursements pursuant to any such agreement is under no obligation or <br />duty to, nor has Lender represented that it will, see to the application of such proceeds by the <br />person or persons to whom Lender disburses such proceeds and any application or use of such <br />proceeds for purposes other than those provided for in such agreement or agreements shall not <br />defeat the subordination herein made in whole or in part; and <br /> <br />(c) It intentionally and unconditionally waives, relinquishes and subordinates the lien of the <br />Existing and Continuing Security Instrument in favor of the lien or charge upon said land of the <br />New Security Instrument and understands that in reliance upon, and in consideration of, this <br />waiver, relinquish and subordinate specific loans and advances are being and will be made and, <br />as part and parcel thereof, specific monetary and other obligations are being and will be entered <br />into which would not be made or entered into but for said reliance upon this waiver, <br />relinquishment and subordination. <br /> <br />NOTICE: THIS SUBORDINATION AGREEMENT CONTAINS A PROVISION WHICH ALLOW THE <br />PERSON OBLIGATED ON YOUR REAL PROPERTY SECURITY TO OBTAIN A LOAN A PORTION <br />OF WHICH MAY BE EXPENDED FOR OTHER PURPOSES THAN IMPROVEMENT OF THE LAND. <br /> <br /> <br />BY: <br />TITLE: <br />