After Recording Return To:

_________________________

_________________________

_________________________

_________________________

 

 

                       [Space Above This Line For Recording Data]                        

 

Subordination Agreement

(Refinance Mortgage)

Date:

 

Property (the legal description of the Property under the Junior Mortgage):

 

 

 

 

Property Address:

 

 

Subordinating Lender:

Junior Mortgage

       Date:

       Borrower:

       Trustee (if applicable):

       Recording information:

 

New Lender:

Refinance Mortgage

       Date:

       Borrower:

Note Secured by Refinance Mortgage:

Dated:

Original principal amount:  $

Recording information (when available):

 

       Subordinating Lender is the owner and holder of the Junior Mortgage and obligations secured by the Junior Mortgage; the Junior Mortgage is a lien on the title to the Property or an interest in that title.

 

       For value received and to induce the New Lender to enter into the Refinance Mortgage, Subordinating Lender unconditionally subordinates its lien on, and all other rights and interests in, the title to the Property resulting from the Junior Mortgage to the lien on, and all other rights and interests in, the title to the Property resulting from the Refinance Mortgage.  Subordinating Lender agrees that its lien on, and all other rights and interests in, the title to the Property resulting from the Junior Mortgage will remain subordinate to the lien on, and all other rights and interests in, the title to the Property resulting from the Refinance Mortgage regardless of any renewal or extension of the Refinance Mortgage.

 

This Subordination Agreement shall be binding upon the successors and assigns of the Subordinating Lender.

 

       When the context requires, singular nouns and pronouns include the plural.

 

       Mortgage means mortgage, deed of trust, trust deed or other security instrument.

 

 

__________________________________

[Name of Subordinating Lender]

 

By:  ______________________________

 

 

 

 

 

 

_________________[Space Below This Line For Acknowledgement]___________________