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01/18/12 10:39AM LA24kRNkTLBk1dK 9037846222 p.03 <br />NOW THEREFORE, THE CITY OF PARIS, TEXAS, for a valuable consideration, the <br />receipt and sufficiency of which is hereby acknowledged, does hereby agree that note and liens <br />described her;,in as SECOND L1FN are hereby subordinated to the Proposed First Lien Note and the <br />Deed of Trust and other liens securing same. The City of Paris, Texas hereby recognizes the Note <br />and Liens described as PROPOSED FiRST LIEN when made will be first, prior, and superior to <br />those described as SECONll LIEN. <br />This Subordination Agreement was approved by Resolution of the City Counsel of the City of <br />Paris, Texasr on the day of January, ?O12. <br />FXECUTED this daS= of Januan,, 2012. <br />'I'HE CITY OF PARIS, '1'EXAS <br />BY: <br />A. J. Hashmi, Mayor <br />STATE OF TEXAS § <br /> <br />COUNTY OT' LAMAR § <br />THI5INSTRU;VIENT was acknowledged before me on the day of 3anuary, 2012, by <br />A. J. HASHMI, Mayor of the City of Paris, Texas, on behalf of said city. <br />Notary Pubiic State of 1'exas <br />AFTER RECORDING RETURN: <br />Lamar National Bank <br />200 South Collegiate <br />Paris, Texas 75460 <br />