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Subordination AgreementPage 1 of 4
Prepared by: Return to:
State of Mississippi
County of ____________
____________ Judicial District
SUBORDINATION AGREEMENT
Name and Address of Borrower/Owner: Name and Address of Trustee:
Name and Address of Beneficiary: Name and Address of Lienholder
See Legal Description Attached as Exhibit A Legal Description Indexing Instructions
Subordination AgreementPage 2 of 4
THIS AGREEMENT, dated as of this the ______ day of ____________, 20______, is
made by and among ________________________ ("________________________") and
________________________, A Banking Association with offices in __________________,
Mississippi ("__________________").
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 Mississippi general
partnership, beneficiary, dated __________________, 20______ and recorded in Book ______
at Page ______ in the Deed of Trust records of the Chancery Clerk of __________________
County, __________________, Mississippi (the "________________________ Deed of Trust");
and WHEREAS, Bank of Mississippi 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
Subordination AgreementPage 3 of 4
________________________ 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.
CORPORATION NAME
Attest:
Secretary By:
Signature and Title
Type or Print Name
CORPORATION NAME
Attest:
Secretary By:
Signature and Title
Type or Print Name
STATE OF MISSISSIPPI
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/she is ________________________
of ________________________ a ________________________ corporation, and that for and on
behalf of the said corporation, and as its act and deed, he/she executed the above and foregoing
Subordination Agreement, after first having been duly authorized by said corporation so to do.
Subordination AgreementPage 4 of 4
SWORN TO AND SUBSCRIBED BEFORE ME, THIS THE ______ DAY OF
__________________, 20______.
_______________________________NOTARY PUBLIC
My Commission Expires: __________________
STATE OF MISSISSIPPI
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 Mississippi, and that for and on behalf
of the said corporation, and as its act and deed, he/she 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: __________________
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FAQs
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