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EXHIBIT 2 <br /> Nothing in this subparagraph (a) is intended to modify any covenant, term or condition <br /> contained in the Senior Lender Documents, including, without limitation, the covenant <br /> against creating or recording any liens or encumbrances against the Property without the <br /> prior written approval of the Senior Lender. <br /> (b) The provisions of this paragraph 4 are intended to supplement, and not to <br /> limit, waive, modify or replace, those provisions of law pertaining to notice and <br /> cure rights of junior lenders including, without limitation, those set forth in <br /> California Civil Code sections 2924b and 2924c. <br /> (c) This Agreement does not apply to or subordinate the Affordability Restrictions. <br /> 5. The Senior Lender would not make the NPLH Loan without this Agreement. <br /> 6. This Agreement shall be binding on and inure to the benefit of the legal <br /> representatives, heirs, successors and assigns of the parties. <br /> 7. This Agreement shall be governed by and construed in accordance with the laws <br /> of the State of California. <br /> 8. In the event that any party to this Agreement brings an action to interpret or enforce <br /> its rights under this Agreement, the prevailing party in such action shall be entitled to recover its <br /> costs and reasonable attorneys' fees as awarded by the court in such action. <br /> 9. This Agreement may be signed by different parties hereto in counterparts with the <br /> same effect as if the signatures to each counterpart were upon a single instrument. All <br /> counterparts shall be deemed an original of this Agreement. <br /> NOTICE: THIS SUBORDINATION AGREEMENT CONTAINS A PROVISION WHICH <br /> ALLOWS THE PERSON (OR ENTITY) OBLIGATED ON YOUR REAL PROPERTY <br /> SECURITY TO OBTAIN A LOAN A PORTION OF WHICH MAY BE EXPENDED FOR OTHER <br /> PURPOSES THAN IMPROVEMENT OF THE LAND. <br /> IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first set forth <br /> above and agree to be bound hereby: <br /> [Signatures follow on page 6 of this Subordination Agreement. The remainder of this <br /> page is blank.] <br /> NPLH R1 Subord. Agrmt Page 5 of 9 <br /> (NOFA—10/15/2018,Amended 10130/2018) <br /> Rev:3/12/2024 <br /> Prep: 6/1/2026(Housing Authority of the City of Santa Ana Loan) <br /> Dev: Francis Xavier Residence <br /> Assessor's Identification Number:398-303-04,398-303-05,398-303-06 and 398-303-07 <br /> Loan No.: 18-NPLH-12673 <br />