Deed of Trust

 

SUBORDINATION AGREEMENT

 

            THIS AGREEMENT, dated as of this the       day of                                                     , 20         , is made by and among                                                                                                 (“                                         “) and                                             , A Banking Association with offices in                                           ,                                          (“                                “).

WITNESSETH:

WHEREAS,                                           is the holder of a lien on certain real property pursuant to a Deed of Trust executed by the                                                             , Borrower, to                                                       , Trustee, for                                                                     , a                                                                            general partnership, beneficiary, dated                                         , 20          and recorded in Book                                              at Page                                           in the Deed of Trust records of the                                Clerk of                                           County,                                             ,                             (the “                                          Deed of Trust”); and

WHEREAS, Bank of                                                   is also the holder of a lien on the property described in said                                                  Deed of Trust pursuant to a Deed of Trust dated                                            , 20         and recorded in the office of the aforesaid Chancery Clerk in Deed of Trust Record Book                                                               at Page                                        (the “                                           Deed of Trust”); and

WHEREAS, the                                             and the                                              of                                           , have requested that                                                subordinate its lien to the lien of the                                              Deed of Trust.

NOW, THEREFORE, for valuable consideration,                                                 , hereby subordinates the lien of its Deed of Trust recorded in Book                                                         at Page                                                to the lien of the                                                   Deed of Trust, and the lien of the                                                 Deed of Trust will at all times be prior

and superior to the lien of the                      Deed of Trust.

IN WITNESS WHEREOF, the parties hereto have executed this Subordination Agreement on the day and year first above written.

_________________________________

BY:_________________________________

ITS_________________________________

_________________________________

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:

                                  __________  

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 Banking Association in

                                        , 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:

                                    _____________

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


Inside Deed of Trust