The undersigned, as holder of the beneficial interest in and under that certain Deed of Trust dated October 19, 1979, and recorded on October 24, 1979, in the Office of the Orange County Recorder as Instrument No. 37174 (the “Deed of Trust”), which Deed of Trust is by and between Harbour Vista, a California limited partnership, as Trustor, Crocker Custody Corporation, a corporation, as Beneficiary, and Crocker National Bank , a national banking association, as Beneficiary, hereby expressly subordinates said Deed of Trust and the beneficial interest thereunder to the foregoing Declaration of Covenants, conditions and Restrictions and Reservation of Easements for Harbour Vista Condominium.

Dated: August 20, 1980.

The undersigned, as bolder of the beneficial interest in and under that certain unrecorded option, a memorandum of which was recorded on October 24, 1979, in the Office of the Orange County Recorder as Instrument No. 37273, hereby expressly subordinates said option and the beneficial interest thereunder to the foregoing Declaration of Covenants, Conditions and Restrictions and Reservation of Easements for Harbour Vista Condominium.

Dated: August 20, 1980.

The undersigned, as holder of the beneficial interest in and under that certain Deed of Trust dated July 13, 1979, and recorded on July 26, 1979, in the Office of the Orange County Recorder as Instrument No. 34724 (the “Deed of Trust”), which Deed of Trust is by and between Frank Woolsey and Charles T. Hermansen, as Trustors, California Land Title Company, a corporation, as Trustee, and William T. O'Brien, as Beneficiary, hereby expressly subordinates said Deed of Trust and the beneficial interest thereunder to the foregoing Declaration of Covenants, Conditions and Restrictions and Reservation of Easements for Harbour Vista Condominiums.

Dated: August 20, 1980.

The undersigned, as holder of the beneficial interest in and under that certain Deed of Trust dated July 13, 1979, and recorded on July 26, 1979, in the Office of the Orange County Recorder as Instrument No. 3725 (the “Deed of Trust”), which Deed of Trust is by and between Frank Woolsey and Charles T. Hermansen, as Trustors, California Land Title Company, a corporation, as Trustee, and H. Kent Rogers, Jr. and Wayne P. DeCaro, as Beneficiary, hereby expressly subordinates said Deed of Trust and the beneficial interest thereunder to the foregoing Declaration of Covenants, Conditions and Restrictions and Reservation of Easements for Harbour Vista Condominium.

Dated: August 20, 1980.