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confirm the senior status of the lender's <br /> <br /> THIS AGP~E~NT IS entered into as of <br />first above written. <br /> <br />:1I7. SUBORDINATION OF AGREEMENT <br /> <br /> Except to the extent assessment or benefit districts <br /> <br />are imposed upon the project site in accordance with California <br />law, this agreement shall be subordinate to any deed of <br />trust or other security instrument in favor of a third party <br />lender if the proceeds of such loan are used only to develop <br />or provide long-term financing for improvement on the project <br />site. The City shall execute such subordination agreement <br /> <br />or other comparable document as such lender may require to <br /> security. <br /> the day and year <br /> <br />ATTEST: <br /> <br />JAHA!-PENTZ PROPERTIES,PLEASAITON <br /> H~PE~T~'~PR~ <br /> CtT~ OF PLEASANTON <br /> a municipal corporation <br /> <br />By <br /> Robert E. Butler, ~!ayor <br /> <br />3ames R'. Walker, City Clerk <br />APPROVED AS TO FOPS: <br /> <br />~eter D. ~ZacDonald, City Attorney <br /> <br />-11- <br /> <br /> <br />