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r Y <br />relinquishment and subordination, specific loans, extensions and advances are <br />being and will be made and, as a part and parcel, .thereof , specific monetary <br />and other obligations are being and will be entered into, which would .not be <br />incurred or entered into but for .Lender's reliance upon this waiver,.. <br />relinquishment and subordination. Without limiting the generality of the <br />foregoing, the parties hereby acknowledge and agree that the lien of any <br />assessment .district hereafter lawfully imposed by the City or any other <br />governmental entity having 3urisdicton over the Property. shall not, without <br />further written agreement between the parties and/or such other governmental <br />entity,. be subordinate to the Deed of Trust. <br />3. Lender is an intended beneficiary of this. Subordination Agreement <br />and shah be entitled to enforce the terms, covenants and conditions contained <br />herein as a third-party beneficiary. <br />NOTICE: THIS SUBORDINATION AGREEMENT CONTAINS A PROVISION WHICH <br />ALLOWS THE PERSON OBLIGATED PURSUANT TO YOUR AGREEMENT TO OBTAIN A <br />LOAN SECURED BY A DEED OF TRUST. SENIOR AND SUPERIOR TO THE AGREEMENT. <br />CITY: OWNER• <br />City of Pleasanton, CROW- ~EKER-SINGLETON 4112, <br />a municipal corporation a T xas'~limited partnership <br />f <br />.. f~ ~ <br />y i} <br />• e <br />By. .,~~' BY: ~~~~~ <br />Fr nk C. Br ndes, Jr. , or Dennis E. Sin eton, <br />General Partner <br />ATTEST. <br />~~~ <br />mes R. Walker, City Clerk <br />APPROVED AS -TO FORM: ,- <br />Peter D: MacDonald,` City Attorney <br /> <br />