Laserfiche WebLink
<br />Subordination Agreement (City of Santa Ana) Form 6456 Page 14 <br />Fannie Mae 08-13 © 2013 Fannie Mae <br /> WISEPlace <br />4893-9038-0110v.4 4900000-002383 <br />NOTE: NO CREDIT APPROVAL HAS BEEN RECEIVED. THIS IS NOT A COMMITMENT. <br />maintained by the United States Postal Service (any notice so sent shall be deemed to have been <br />received two days after mailing in the United States), addressed to the respective parties as follows: <br />SENIOR LENDER: <br />Bank of America, N.A. <br />Mail Code #CA4-704-06-06 <br />2000 Clayton Road <br />6th Floor <br />Concord, California 94520-2405 <br />Attention: Loan Administration Manager <br />SUBORDINATE LENDER: <br />City of Santa Ana <br />City Manager <br />20 Civic Center Plaza <br />P.O. Box 1988 <br />Santa Ana, California 92702 <br />With a copy to: <br />City of Santa Ana <br />City Attorney <br />20 Civic Center Plaza <br />7th Floor (M-29) <br />Santa Ana, California 92702 <br />Either party may, by notice given pursuant to this Section, change the person or persons and/or <br />address or addresses, or designate an additional person or persons or an additional address or <br />addresses for its notices, but notice of a change of address shall only be effective upon receipt. <br />16. General. <br />(a) Assignment/Successors. <br />This Agreement shall be binding upon Trustor, Senior Lender and Subordinate Lender and <br />shall inure to the benefit of the respective legal successors, transferees and assigns of Trustor, <br />Senior Lender and Subordinate Lender. Trustor shall not assign any of its rights and obligations <br />under this Agreement without the prior written consent of Senior Lender and Subordinate Lender. <br />(b) No Partnership or Joint Venture. <br />Senior Lender’s permission for the placement of the Subordinate Loan does not constitute <br />Senior Lender as a joint venturer or partner of Subordinate Lender. Neither party hereto shall hold <br />itself out as a partner, agent or Affiliate of the other party hereto. <br />EXHIBIT 4