USA Subordination Agreement

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This legal form is governed by United States laws.
The first mortgagee agrees to subordinate its security interest on the owner's property to a second loan and allow the second loan to take priority until it is paid off.
The first mortgage will remain as a lien and charge on the property.
The second lender will notify the mortgagee of any default by the owner in payment on the second loan.

Download Type:

Microsoft Word

Last Updated: 14-April-2016

SKU: 7246