DIY Legal Forms

“Help us to stay online by your kind donation.

Every penny will help.”

PayPal

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].

Signature

[Name], Creditor

Signature

[Name], Debtor

This Section for Notary:

ACKNOWLEDGMENT

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 ________
Notary

My commission expires: _____

(Seal)