Fill and Sign the Subordination Agreement Regarding Fixtures Form

Subordination Agreement Regarding Fixtures, Including Attachments and Accessions to Collateral Subordination Agreement (this Agreement ) is made this the __________________ (date) , between ________________________ (Name of Subordinator) , of _____________________________________________ (street address, city, county, state, zip code) , hereinafter called the Subordinator , and ______________________ (name of Bank) , a corporation organized under the laws of ______________________ (name of state) , having its principal place of business at _____________________________________________ (street address, city, county, state, zip code) , hereinafter called the Bank. Whereas, Subordinator is the owner of the real property situated in ______________ (name of county) , ________________________ (name of state) , and described in Exhibit A attached hereto, and of certain chattels and fixtures attached on or to the property; and Whereas, ________________________ (Name of Borrower) , of _____________________________________________ (street address, city, county, state, zip code) , hereinafter called the Borrower , is the lessee of the above-described property and desires to obtain credit or other financial accommodation from Bank, and Bank is willing to extend such credit or other financial accommodations to Borrower with security, if Subordinator subordinates _______ (his/her) interests in certain property described below; and Whereas, Subordinator is willing to effect such subordination in order to accommodate Borrower and for Subordinator's own advantage; Now, therefore, in order to induce Bank at any time to make loans or extend credit to or for account of Borrower, or to purchase or extend credit on any instrument in respect to which Borrower may be liable in any capacity, or to grant any renewal or extension of the same, Subordinator agrees as follows: I. Subordination of Liens. Subordinator now subordinates all liens, security interests and rights of any kind, that Subordinator may now have or later acquire in the property described below, to all security interests of Bank securing any or all loans, extensions of credit, renewals or extensions to Borrower. II. Consent to Creation and Continuation of Security Interests. Subordinator further consents to the creation and continuance of all present and future security interests of Bank in such property and to the enforcement of the same, including removal of the property from the real property described above. III. Description of Personal Property. The personal property above referred to, and with respect to which the liens, security interests and rights of Subordinator are subordinated, is described in Exhibit B , together with all attachments, accessories, accessions, equipment, and repairs to the property, and substitutions and replacements of the same; which property is now or may later be located on or affixed to the real property described above. IV. Parties Bound. This Agreement shall bind and inure to the benefit of Bank and Subordinator and the respective successors, assigns, heirs and representatives of each. The covenants and agreements made in this Agreement constitute covenants running with the land. Subordinator has executed this Agreement on ________________________ (date) . __________________________________ (Signature of Subordinator) ________________________ (Printed Name of Subordinator) Approved and accepted: ________________________ (Name of Bank) By______________________________ (Signature of Officer of Bank) ________________________ (Printed Name and Title of Office)