Form 25-17

Tenant’s Subordination to Deed of Trust Lien

Date:

Borrower:

Borrower’s Address:

Lender:

Lender’s Address:

Lease

Date:

Landlord:

Tenant:

Recording information:

Note

Date:

Maker: Borrower

Payee: Lender

Original principal amount:

Deed of Trust

Date:

Trustee:

Recording information (if known):

Property:

To secure a loan from Lender, Borrower executed the Note and Deed of Trust, which created a lien on the premises described in the Lease. Tenant is in possession of all or part of the premises. As a condition for closing the loan, advancing the funds, and accepting the Note and Deed of Trust, Lender requires that Tenant make the following agreements and warran­ties.

In return for valuable consideration, Tenant (1) subordinates the Lease and all of Tenant’s rights under it to the Deed of Trust lien, (2) agrees that the Deed of Trust lien will remain superior to the Lease and all of Tenant’s rights under it, regardless of the frequency and manner of renewal, extension, or alteration of the Note and the liens securing it, and (3) warrants that the rent specified in the Lease is being paid to Landlord.

   
[Name of tenant]