SUBORDINATION AGREEMENT
THIS AGREEMENT, dated as of this the day of , 20, is made
by and among (” “) and ,.
WITNESSETH:
WHEREAS, is the holder of a lien on certain real property pursuant to a Deed of Trust or Mortgage executed by , Borrower(s), for the use and benefit of
, beneficiary, dated , 20 and recorded in Book at
Page in the Deed of Trust or Mortgage records of the of County,
, (the “First Deed of Trust or Mortgage”); and
WHEREAS, is also the holder of a lien on the property described in
said Deed of Trust or Mortgage pursuant to a Deed of Trust or Mortgage dated
, 20 and recorded in the office of the aforesaid in Deed of Trust or Mortgage Record Book at Page (the “Second Deed of Trust Mortgage”); and
WHEREAS, has requested that subordinate its lien to the lien of the Second Deed of Trust or Mortgage.
OR
WHEREAS, has been requested to subordinate it’s Deed of Trust or Mortgage to a Deed of Trust or Mortgage to be executed to in the principal
amount not to exceed $ ;
NOW, THEREFORE, for valuable consideration, , hereby
subordinates the lien of its Deed of Trust or Mortgage recorded in Book at Page
to the Deed of Trust or Mortgage executed to , beneficiary, and recorded in Book at page Second Deed of Trust or Mortgage, and the lien of the Second Deed of Trust will at all times be prior and superior to the lien of the First Deed of Trust from this date forward.
IN WITNESS WHEREOF, the parties hereto have executed this Subordination Agreement on the day and year first above written.
[corporate signature and acknowledgement]
_________________________________
BY:_________________________________
ITS_________________________________
STATE OF
COUNTY OF
Personally appeared before me, the undersigned authority in and for the said County and State, on this day of , 20 , within my jurisdiction, the within named
, who acknowledged that he is of , a corporation, and that for and on behalf of the said corporation, and as its act and deed, he executed the above and foregoing Subordination Agreement, after first having been duly authorized by said corporation so to do.
SWORN TO AND SUBSCRIBED BEFORE ME, THIS THE DAY OF
, 20.
______________________________
NOTARY PUBLIC
My Commission Expires:
[individual signature and acknowledgement]
__________________________________
Name
STATE OF
COUNTY OF
Personally appeared before me, the undersigned authority in and for the said County and State, on this day of , 20 , within my jurisdiction, the within named
, who acknowledged that he executed, signed and delivered the above and foregoing Subordination Agreement, after first having been duly authorized by said corporation so to do.
SWORN TO AND SUBSCRIBED BEFORE ME, THIS THE DAY OF
, 20.
______________________________
NOTARY PUBLIC
My Commission Expires:
State Specific Subordination Forms
–For State Specific Subordination Forms you can download in Word format, go to
http://secure.uslegalforms.com/cgi-bin/forms/query.pl?S-T-B-B-subordination