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<br /> <br />Subordination Agreement (City of Santa Ana) Form 6456 Page 3 <br />Fannie Mae 08-13 © 2013 Fannie Mae <br /> [Crossroads at Washington] <br />4870-7010-6914v.2 0017787-000542 <br />“Condemnation Action” means any action or proceeding, however characterized or named, <br />relating to any condemnation or other taking, or conveyance in lieu thereof, of all or any part of <br />the Mortgaged Property, whether direct or indirect. <br />“Control” (including with correlative meanings, the terms “Controlling,” “Controlled by” and <br />“under common Control with”), as applied to any entity, means the possession, directly or <br />indirectly, of the power to direct or cause the direction of the management or operations of such <br />entity, whether through the ownership of voting securities, ownership interests or by contract or <br />otherwise. <br />“Default Notice” means: (a) a copy of any written notice from Senior Lender to Borrower and <br />Subordinate Lender stating that a Senior Loan Default has occurred under the Senior Loan <br />Documents; or (b) a copy of any written notice from Subordinate Lender to Borrower and Senior <br />Lender stating that a Subordinate Loan Default or a default under any Unsubordinated City <br />Regulatory Agreement has occurred, as applicable. Each Default Notice shall specify the default <br />upon which such Default Notice is based. <br />“Official Records” means the Official Records of Orange County, California. <br />“Person” means an individual, an estate, a trust, a corporation, a partnership, a limited liability <br />company or any other organization or entity (whether governmental or private). <br />“Senior Lender” means the Person named as such in the first paragraph on page 1 of this Agreement. <br />When any other Person becomes the legal holder of the Senior Note, such other Person shall <br />automatically become the Senior Lender. <br />“Senior Loan” has the meaning set forth in Recital A, above. <br />“Senior Loan Agreement” has the meaning set forth in Recital A, above. <br />“Senior Loan Default” means the occurrence of an “Event of Default” as that term is defined in <br />the Senior Loan Documents. <br />“Senior Loan Documents” has the meaning set forth in Recital B, above. <br />“Senior Note” has the meaning set forth in Recital A, above. <br />“Senior Security Instrument” has the meaning set forth in Recital B, above. <br />“Subordinate Lender” means the Person named as such in the first paragraph on page 1 of this <br />Agreement, any successor or assign of Subordinate Lender, or any other Person who becomes the <br />legal holder of any Subordinate Note after the date of this Agreement. <br />“Subordinate Loan Agreements” means, collectively, (a) that certain HOME Loan Agreement <br />dated as of ______________, 2022, and (b) that certain Neighborhood Stabilization Program Loan <br />Agreement dated as of _______________, 2022. <br />EXHIBIT 7