AGREEMENT of subordination made this day of ,
19 , by , a
corporation authorized to transact business within the State of (hereinafter referred to as " ").
1. hereby subordinates all
rights in and to its leasehold interest in that certain Lease dated , 19 , made by and between
, a , named therein
as Lessor, and , named as Lessee,
which said Lease was assigned to , a
, on or about ,
19 (hereinafter referred to as the "LEASE") to the Mortgage
Deed and Note given by , a
, in favor of , its successors and/or assigns (hereinafter referred
to as " "), to any renewal, extension, modification,
or consolidation of such mortgage.
2. represents to
that is current with all rents due
under the LEASE, as set forth in a Estoppel Certificate executed by contemporaneously herewith, and that
said subordination to shall be without
counterclaims, defense, or offset.
IN WITNESS WHEREOF, the undersigned have hereunto set their hands and seals this day of , 19 .
Signed, sealed and delivered
in the presence of:
Witness As Its
I HEREBY CERTIFY that on this day, before me, an officer
duly authorized, in the State aforesaid and in the County, aforesaid, to take acknowledgements, personally appeared
of said , to me known to be
the persons described in and who executed the foregoing instrument and they acknowledged before me that they executed the same for the purposes set out therein.
WITNESS my hand and official seal in the County and State
last aforesaid this day of , 19 .