Subordination Agreement Form - State Of California
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RECORDING REQUESTED BY
AND WHEN RECORDED MAIL TO
SUBORDINATION AGREEMENT
NOTICE: THIS SUBORDINATION AGREEMENT RESULTS IN YOUR SECURITY
INTEREST IN THE PROPERTY BECOMING SUBJECT TO AND OF LOWER
PRIORITY THAN THE LIEN OF SOME OTHER OR LATER SECURITY
INSTRUMENT.
THIS
AGREEMENT,
made
this
_____
day
of
____________, ___, y
_________________________________________________________________________
owner of the land hereinafter described and hereinafter referred to as "Owner", and
_____________________________________________________________________________
present owner and holder of the deed of trust and note first hereinafter described and hereinafter
referred to as "Beneficiary";
WITNESSETH
THAT WHEREAS, Owner did on _____________________ , execute a deed of trust to
___________________________________________________________________________,
as trustee, covering:
to secure a note in the sum of $ _______________________ , dated _____________________, in
favor of beneficiary, which deed of trust was recorded ___________________ , in book
______________ page _____________________ , Official Records of said county and is subject
and subordinate to the deed of trust next hereinafter described; and
WHEREAS, Owner has executed, or is about to execute, a note in the amount of
$ _____________________________, dated _____________________, in favor of
_______________________________________________________________________,
hereinafter referred to as “Lender”, payable with interest and upon the terms and conditions
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