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Subordination Agreement to Secured Debt

SUBORDINATION AGREEMENT
TO SECURED DEBT








FOR VALUE RECEIVED, the undersigned having or acquiring a
security interest in the following collateral of _, (Debtor),
hereby agrees that said security interest shall be subordinate
to security interest or lien of _, dated _, 20_, in the
following collateral of the security agreement: (Describe)


_




Signed under seal this _ day of _, 20_.








____________________________








Assented to:








________________________________
Debtor


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