HomeMy WebLinkAbout1972 - Subordination Agreement - Hill Harold / Hill Mary / Strander John / Strander Louise - 72101700737210170073
EXHIBIT 'A
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SUBORDINATION AGREEMENT
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As part of the Deed of Trust :betweem HArOLD hill CD
MARY HILL, his wife, Grantors, SECURITY TITLE INSURANC
CD
CD COMPANY, Trustee, and JOHN STRANDER louise strander
his wife, Beneficiaries::theieneflciarieS'agree,t6ai said Deed
of Trust Is and shall be unconditionally-Subordinated-to 'the.pen.
of an interim mortgage or Deed of Trustand:
Deed of Trust to be secured by%Granters-fOKthe
the construction of a:building on :the;sui
It is understocki.that-the.le'ndinglqsqtutionerinstit7...
urlons making the temporary and/or perManenti:.161ens'16:be'seCured
by the mortgage and/or Deed:of.Trust Will'not_make said loans to
Grantors without this agreement.'
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Beneficiarles deliver any documents
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which might be required In the future to complete the financing
for the structure to be built un the subject property, aniVto
and deliver such other documents' as the lenders or lenders involved
in such financing may from time to time require and specificallY,
if required, the beneficiaries agree to sign a !'Subordination '
Agreftent" promulgated by Pioneer National Title Insurance Company,
a copy of which Agreement is attached hereto, marked Exhibit "I"
and made a part hereof as though fully set forth.