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Subordination Agreement Of Secured Debt
SUBORDINATION AGREEMENT OF SECURED DEBT
For one dollar ($1.00) and other valuable consideration the undersigned having or acquiring a security and/or mortgage interest in the collateral of [Name of Debtor], hereby agrees that said security or mortgage interest shall be subordinate to the security interest, mortgage or lien of [security holder], dated [date of interest], in the following collateral of the security agreement:
[Collateral description]
Signed and sealed this day of [Date of agreement].
Signature
Assented to:
Debtor