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Complete Home & Office Legal Guide
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Complete Home and Office Legal Guide (Chestnut) (1993).ISO
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20137.sam
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1993-08-01
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845b
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32 lines
SUBORDINATION AGREEMENT, SECURED DEBT
Gerald Giraffe, referred to as SECURED PARTY, is the holder of a
security agreement in the following collateral of Zelda Zebra,
DEBTOR:
Range Rover Jeep
with a present outstanding balance of $ 800.00 ( eight hundred &
no/100 dollars), inclusive of principal and interest and in
consideration of 100.00, hereby agrees that said security or
mortgage interest shall be subordinate to the security interest,
mortgage or lien of Larry Lion, in the following collateral of
the security agreement:
promissory note from Gary Gorilla
SECURED PARTY agrees to execute any and all documents reasonably
requested by Larry Lion.
_________________________________
Secured Party
Assented to:
_________________________________
Debtor