DIY Legal Forms

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Subordination Agreement

FOR VALUABLE CONSIDERATION, receipt of which is acknowledged, [Name] of [Address], hereinafter referred to as "Creditor", the beneficiary of a security interest granted by [Name] of [Address], hereinafter referred to as "Debtor", an dated [Date], hereby agrees to subordinate to "Senior Creditor" the Creditor's security interest against the Debtor up to the following amount:[$------].

Signed on [Date].


[Name], Creditor


[Name], Debtor

This Section for Notary:


State of _________

County of ________ [COUNTY]

On [DATE] before me, [NAME OF NOTARY], notary, personally appeared [NAME OF PERSON(S) INVOLVED], personally known to me (or proved to me on the basis of satisfactory evidence) to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument.

Witness my hand and official seal.

Signature ________

My commission expires: _____