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Text File  |  1993-02-22  |  883b  |  33 lines
  1.  
  2.  
  3.                     SUBORDINATION AGREEMENT OF SECURED DEBT
  4.  
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  6.  
  7.                For $1.00 and other valuable consideration the 
  8.         undersigned having or acquiring a security or mortgage interest 
  9.         in the collateral of_________________ , (Debtor), hereby agrees 
  10.         that said security or mortgage interest shall be subordinate to 
  11.         the security interest, mortgage or lien of_______________________,  
  12.         dated _________________, 19__, in the following collateral of the 
  13.         security agreement:  (Describe)
  14.                             
  15.  
  16.                Signed and sealed this _______day of ________, 19__.
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  18.  
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  20.                                       ____________________________
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  22.  
  23.         Assented to:
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  27.         _________________________________
  28.         Debtor
  29.  
  30.  
  31.                                                  Form 137
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