Subordination of Lien
Basic Information
Date:
Subordinating Party:
Subordinated Lien
Date:
Grantor:
Beneficiary:
Note Secured by Subordinated Lien: Note dated [date], in the original principal amount of $[amount].
Recording information:
Superior Lien
Date:
Borrower:
Lender:
Note Secured by Superior Lien: Note dated [date], in the original principal amount of $[amount].
Recording information:
Property:
Terms of Subordination
Subordinating Party is the owner and holder of the Subordinated Lien, which is a lien against the Property.
For value received, Subordinating Party subordinates the Subordinated Lien against the Property to the Superior Lien and agrees that the Subordinated Lien will remain subordinate to the Superior Lien regardless of the frequency or manner of renewal, extension, change, or alteration of the Superior Lien or the Note Secured by Superior Lien.
When the context requires, singular nouns and pronouns include the plural.
[Name of subordinating party]
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Include acknowledgment. |