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<br /> <br />Subordination Agreement (City of Santa Ana) Form 6456 Page 15 <br />Fannie Mae 08-13 © 2013 Fannie Mae <br /> [Crossroads at Washington] <br />4870-7010-6914v.2 0017787-000542 <br />With a copy to: <br /> <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 Borrower, Senior Lender and Subordinate Lender <br />and shall inure to the benefit of the respective legal successors, transferees and assigns of <br />Borrower, Senior Lender and Subordinate Lender. Borrower shall not assign any of its rights and <br />obligations under this Agreement without the prior written consent of Senior Lender and <br />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 />(c) Senior Lender’s and Subordinate Lender’s Consent. <br />Wherever Senior Lender’s consent or approval is required by any provision of this <br />Agreement, such consent or approval may be granted or denied by Senior Lender in its sole and <br />absolute discretion, unless otherwise expressly provided in this Agreement. Wherever Subordinate <br />Lender’s consent or approval is required by any provision of this Agreement, such consent or <br />approval may be granted or denied by Subordinate Lender in its sole and absolute discretion, unless <br />otherwise expressly provided in this Agreement. <br />(d) Further Assurances. <br />Subordinate Lender, Senior Lender and Borrower each agrees, at Borrower’s expense, to <br />execute and deliver all additional instruments and/or documents reasonably required by any other <br />party to this Agreement in order to evidence that the Subordinate Mortgages are subordinate to the <br />lien, covenants and conditions of the Senior Loan Documents, or to further evidence the intent of <br />this Agreement. <br />EXHIBIT 7