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SUBORDINATION AGREEMENT
THIS AGREEMENT, dated as of this the ____ day of _________, 20__, is made by and
among ________________________ (“______________”) and _________________________,
a Banking Association with offices in _______________________, ______________________
("____________"). 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
__________________ general partnership, beneficiary, dated ___________________, 20____
and recorded in Book ______________ at Page ____________ in the Deed of Trust records of
the ______________ Clerk of ___________ County, ___________, ______________ (the
"______________ Deed of Trust"); and WHEREAS, Bank of ___________________ 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 ___________ 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
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____________ to the lien of the ____________ Deed of Trust, and the lien of the
________________ Deed of Trust will at all times be prior and superior to the lien of the
____________ USA Deed of Trust.IN WITNESS WHEREOF, the parties hereto have executed this Subordination
Agreement on the day and year first above written. ____________________________________
BY: _______________________________
ITS _______________________________ ____________________________________
BY: _______________________________
ITS _______________________________
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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:_____________________
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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:_____________________
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