Fill and Sign the Liens Against Property Form

Letter Agreement to Subordinate Liens against Personal Property To: ________________________ (Name of Secured Creditor) ________________________ (Address of Secured Creditor) ________________________ ________________________ (Salutation) To induce you, at your option, to make loans or extend credit to or for the account of ________________________ (Name of Debtor) of _____________________________________________ (street address, city, county, state, zip code), hereinafter called the Borrower, or to purchase or extend credit on any instrument in respect of which Borrower may be liable in any capacity, or to grant any renewal or extension of any of the same, the undersigned agrees that any lien or security interest of any kind that the undersigned may now have or later acquire in the personal property described below shall be subordinate, inferior and subject to any lien or security interest in such property that you, your successors or assigns, may now have or later acquire with respect to such loans or credits. The property to which reference is made is described in Exhibit A attached hereto and made a part hereof, together with attachments, accessories, accessions, equipment, and repairs now or later affixed to or used in connection with the same, and substitutions and replacements of the same. Witness my signature this ________________________ (date). ___________________________________ (Signature of Subordinating Creditor) ________________________ (Printed Name of Subordinating Creditor)