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CONSENT OF LCNDCR <br />'The undersigned {as successor-in-interest to Fremont investment & Loan, u <br />California industrial bank, "Benetiiciary") holds the beneficial interest in that certain Deed of <br />Trust and Cixture Fiiing recorded in the Uflice of the County Recorder of Orange on June 20. <br />2006 as Instrument Na. 200b000411437 (as amended, the "iStar Decd a! Trust"). which <br />iStar Deed of Trust encumbers all or a portion of the Property covered by the First <br />Amendment to Development Agreement ("Amendrnest"). The undersigned hereby <br />consents to the foregoing Amendment and agues that the Amendment shall continue in full <br />force and effect, even in the event of forecbsure or trustee's sale pursuant to the iStar Deed <br />oi' Trust, or any other acquisition of title by the undersigned, its successors or assigns, of all <br />or any portion of the real property covered by the iStar Deed of Trust. <br />Dated: (~ 9~0 1STAIt rM LOANS LLC <br />Name: 1 Ic A~J <br />Title: Vitf P,~srQ+E'^rr <br />51'A7~: OF CAL[FORN[A ) <br />) SS. <br />COUNTY OF ~,~;~~,r. ) <br />On Arc. 1~' before me, (here insert name and title of the officer), <br />personally appeared i who proved to me on the basis of satisfactory <br />evidence to be the persvn(~ whose name(s~ islare subscribed to the within instrument and <br />acknowledged to me that ha/sheJehey executed the same in hislirer+ttl~eir authorized <br />capacily(ive), and that by his/Itet~4fteirsignatureEs) on the instrument the person(a•}, or the <br />entity upon behalf of which tfie person( acted, executed the instrument. <br />1 certify under PENALTY OF PERJURY under the laws of the State of California <br />that the foregoing paragraph is true and correct. <br />WITNESS my hand and official seal, ca~m~m~an ~ b9~53~9d <br />,.., Plotory Publ+c • Caglort+to <br />Ocon~ County <br />nny coma,. Baas oa s, zar <br />S igrratu <br />t ~~1 <br />Ordinance No. NS-2769 <br />Page 16 of 16 <br />