Fill and Sign the Subordination of Mortgage Louisiana Form

UNITED STATES OF AMERICA STATE OF LOUISIANA PARISH OF [_PARISH_] SUBORDINATION Before the undersigned Notary Public, and in the presence of the subscribing witnesses, there appeared: [_LENDER_] , whose Tax Identification Number is [_TIN_] , a banking corporation chartered by the State of Louisiana, having its principal place of business at [_Address_] , appearing herein through its [_Office_] , [_AGENT_] , duly authorized by virtue of a resolution of the Board of Directors, which is recorded in [_Lender_Recordation_] of the [_Recordation_Parish_] , Louisiana public records, sometimes hereafter referred to as "Lender", which declared that it is the holder of a certain promissory note in the sum of [_$Amount_1_] , dated [_Date_1_] , executed by [_Borrowers_] payable to the order of [_Payee_1_] , payable at [_Place_Payable_1_] with interest at the rate of [_Interest_1_] per cent per annum from date until paid payable [_Terms_1_] the payment of which said note is secured by and said note is paraphed for identification with an act of mortgage executed before [_Notary_1_] , Notary Public, under date of [_Date_1_] , which said mortgage is recorded in Mortgage [_Recordation_1_] of the public records of the Parish of [_Recordation_Parish_] . Said Lender further declared that the said [_Borrowers_] have this day by act executed before [_Notary_2_] , Notary Public, granted a mortgage in favor of [_Payee_2_] upon the identical property which is subject to the mortgage referred to in the last preceding paragraph (being [_Property_Reference_] ), which said mortgage in favor of [_Payee_2_] is to secure a note in the principal sum of [_$Amount_2_] , payable at [_Place_Payable_2_] , due [_Terms_2_] as is more fully described in that mortgage recorded in Mortgage [_Recordation_2_] of the public records of the Parish of [_Recordation_Parish_] . And said Lender further declared that it desires to subordinate in favor of the mortgage executed this date, the mortgage dated [_Date_1_] and recorded at Mortgage [_Recordation_1_] , and for that said purpose it does hereby consent and agree that the mortgage executed [_Date_1_] and recorded at Mortgage [_Recordation_1_] shall in all respects and for all purposes be subordinate and inferior to the mortgage dated this date and recorded at Mortgage [_Recordation_2_] ; it being the intent and purpose of said Lender that the said mortgage dated this date and recorded at Mortgage [_Recordation_2_] shall be and at all times remain a first mortgage upon the property therein described, and that the mortgage dated [_Date_1_] and recorded at Mortgage [_Recordation_1_] shall be and at all times remain a subordinate mortgage upon the property therein described, and in the event of a sale of the mortgaged property, by foreclosure or otherwise, said note dated this date and paraphed for identification with the act of mortgage recorded at Mortgage [_Recordation_2_] shall be paid by preference and priority. And said Lender does now declare that it does authorize and direct the recorder of mortgages for the Parish of [_Recordation_Parish_] to make a notation of this subordination upon the mortgage recorded at Mortgage [_Recordation_1_] ; and said Lender produced and delivered to me, Notary, the mortgage note dated [_Date_1_] held by Lender as hereinabove described, which said note, after having been paraphed "Ne Varietur" by me, Notary, for identification with this act, was delivered by me, Notary, to said Lender who hereby acknowledges the receipt thereof. THUS DONE AND PASSED on [_Date_] at [_City_Parish_] , State of Louisiana, the parties having affixed their signatures in the presence of me, Notary, and the undersigned witnesses after due reading of the whole. WITNESSES: [_LENDER_] _____________________ BY: ____________________ [_AGENT_] [_Office_] _____________________ ___________________________________________ [_NOTARY_] , NOTARY PUBLIC SUBORDINATION AGREEMENT - F1BSEC12 : This is an agreement whereby the holder of a superior right surrenders his superior position to the holder of a right that would be inferior otherwise. In this example, the holder of a prior mortgage agrees that a later executed and filed mortgage is given priority. This type of agreement can be used to subordinate conveyance or mortgage items to conveyance or mortgage items. WORD KEY : EXPLANATION : [_PARISH_] Parish in which subordination is signed. [_LENDER_] Name of holder of note to be subordinated. For alternative appearances, see document Appearances - F1AAPP1. [_TIN_] Tax Identification Number of holder. [_Address_] Address of lender's principal place of business. [_Office_] Office held by person appearing for Lender. [_AGENT_] Name of person appearing for Lender. [_Lender_Recordation_] Recordation data on Lender resolution. [_Recordation_Parish_] Parish in which the mortgages are filed (the parish in which the real property is located.) [_$Amount_1_] Principal amount of earlier mortgage note (with $). [_Date_1_] Date of earlier mortgage note. [_Borrowers_] Makers of mortgage notes. [_Payee_1_] Party to whom earlier mortgage note is payable. [_Place_Payable_1_] Place at which earlier mortgage note is payable. [_Interest_1_] Interest rate provided for in earlier mortgage note. [_Terms_1_] Terms on which earlier mortgage note is to be repaid. [_Notary_1_] Name of notary who paraphed earlier mortgage note. [_Recordation_1_] Recordation data on earlier mortgage. [_Notary_2_] Name of notary who paraphed later mortgage note. [_Payee_2_] Party to whom later mortgage note is payable. [_Property_Reference_] Identification of property mortgaged. Include municipal number or street address. [_$Amount_2_] Principal amount of later mortgage note (with $). [_Place_Payable_2_] Place at which later mortgage note is payable. [_Terms_2_] Terms on which later mortgage note is to be repaid. [_Recordation_2_] Recordation data on later mortgage. [_Date_] Date on which subordination is signed. [_City_Parish_] City and parish in which subordination is signed. [_NOTARY_] Notary before whom subordination is signed.