Subordination Agreement To Secured Debt
FOR VALUE RECEIVED, the undersigned having or acquiring a security interest in the following collateral of _________________ [Debtor], hereby agrees that said security interest shall be subordinate to security interest or lien of _________________, dated ___________, 20__, in the following collateral of the security agreement: [Describe]
_____________________
_____________________
Signed under seal this __ day of _____________, 20__.
Assented to:
________________________________
Debtor
_____________________
_____________________
Signed under seal this __ day of _____________, 20__.
_____________________
Assented to:
________________________________
Debtor
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