Subordination Agreement Form - Modified Mortgage (Page 2 of 2) in pdf

Subordination Agreement Form - Modified Mortgage Page 2

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 Senior Lender to modify the Original 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 Modified 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 Modified Mortgage regardless of any

renewal, extension or further modification of the Modified 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 Acknowledgment]______________________

MULTISTATE SUBORDINATION AGREEMENT (Modified Mortgage)–Single Family–Fannie Mae/Freddie Mac UNIFORM

INSTRUMENT

Form 3748 6/09 (page 2 of 2 pages)

Subordination Agreement Form - Modified Mortgage Page 2