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Office of Housing and Community Development 50 Wailuku Drive Hilo, Hawai’i 96720-2456 TITLE OF DOCUMENT: SUBORDINATION AGREEMENT PARTIES TO DOCUMENT: MORTGAGEE: LENDER: COUNTY OF HAWAI'I, a municipal corporation of the State of Hawai'i BANK OF HAWAI’I, a Hawaii corporation P. O. Box 2900

Honolulu, Hawai’i 96846-6000 PROPERTY DESCRIPTION: LIBER/PAGE: TMK: (3) 6-2-5-10 being lot 10 Of the ‘OULI MUTUAL SELF-HELP HOUSING PROJECT situate at ‘Ouli, District of Kohala, Island, County and State of Hawai'i DOCUMENT NO.: TRANSFER CERTIFICATE OF TITLE

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does hereby subordinate its aforedescribed Mortgage to that certain Mortgage given by Constance C. the Mortgagee under that certain Security Contract and Note made by Constance C. its Successors and/or Assigns. a municipal corporation of the State of Hawai'i. and recorded in said Bureau as Document No. Cotton. which Security Contract and Note is recorded in the Bureau of Conveyances of the State of Hawai'i as Document No. husband and wife. a Hawaii corporation. dated the ____ day of ____________________. Cotton and Travis B. as Borrower. Cotton and Travis B. _____________. as Mortgagor. 3 . as Lender. in favor of Bank of Hawaii. Cotton.SUBORDINATION AGREEMENT KNOW ALL MEN BY THESE PRESENTS: THAT COUNTY OF HAWAI'I. 2000-145129.

the undersigned has executed this Subordination Agreement this _____ day of _____________________.IN WITNESS WHEREOF. COUNTY OF HAWAI'I B By___________________________ Harry Kim Its Mayor RECOMMEND APPROVAL: ____________________________ Housing Administrator Office of Housing and Community Development Date: _______________________ APPROVED AS TO FORM AND LEGALITY: ____________________________ Deputy Corporation Counsel County of Hawai'i Date: _______________________ 4 .

a municipal corporation of the State of Hawai'i. that the foregoing instrument was signed and sealed in behalf of the County of Hawai'i by authority given to said Mayor of the County of Hawai'i by Section 5-1. being by me duly sworn.STATE OF HAWAI'I COUNTY OF HAWAI'I ) ) ) SS: On this ______ day of ___________________________. before me personally appeared HARRY KIM. __________________________________ Notary Public. that the seal affixed to the foregoing instrument is the corporate seal of said County of Hawai'i. State of Hawai'i My Commission expires: ____________ 5 . did say that he is the Mayor of the COUNTY OF HAWAI'I. County of Hawai'i (1991).3(g) of the County Charter. and said HARRY KIM acknowledged said instrument to be the free act and deed of said County of Hawai'i. to me personally known. as amended. who.