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JOINDER BY SUBORDINATE LENDER <br />(CITY OF SANTA ANA) <br />The undersigned, THE CITY OF SANTA ANA (the "City"), hereby acknowledges; <br />1. JPMorgan Chase Bank, N.A. ("Chase") and North Harbor Housing Partners LP, a <br />California limited partnership ("Borrower"), pursuant to the attached Modification <br />Agreement, have agreed to make certain modifications to the senior loan referred to <br />therein ("Chase Loan"). <br />2. Following the closing and recording of the documents evidencing the Chase Loan, the City <br />agreed to make a loan (the "City Loan") to Borrower pursuant to that certain Loan <br />Agreement dated as of April 20, 2021 by and between the City and Borrower, and recorded <br />on April 28, 2021, in the Official Records of Orange County, California as Document No. <br />2021000285576 (the "City Loan Agreement'), secured by that certain City CDBG Deed <br />of Trust and Assignment of Rents made by Borrower in favor of the City and recorded on <br />April 28, 2021 in the Official Records of Orange County, California as Document No. <br />2021000285575 (the "City Deed of Trust') and those certain Affordability Restrictions <br />on Transfer of Property by and between Borrower and the City recorded on April 28, 2021 <br />in the Official Records of Orange County, California as Document No. 2021000285574 <br />(the "City Affordability Restrictions", together with the City Loan Agreement, the City <br />Deed of Trust and all other documents executed in connection with the City Loan, the "City <br />Loan Documents"). <br />The City hereby consents to the covenants, agreements and terms of the attached <br />Modification Agreement and confirms that the execution of the Modification Agreement <br />shall not affect the relative lien priority of the documents recorded in connection with the <br />Chase Loan or the City Loan, and that the lien of the Chase Loan and the documents <br />executed in connection therewith, as modified and increased pursuant to the Modification <br />Agreement, shall retain senior priority over the City Loan Documents. <br />ATTEST: <br />r 1 <br />=er L.�- <br />g <br />Dated: \\ c-� <br />CITY OF,A <br />SANTA ANA <br />—1 `�' I — <br />Steven A. Mendoza <br />Acting City Manager <br />Dated: I O 2 pZ <br />4877-2583-3588, v. 8 <br />