Fill and Sign the Farbar Subordination Agreement Sample Form

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 - 1 - 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 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 ____________________________ - 2 - 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 - 3 - 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: _____________________ - 4 -