SUB

Subordinations

A subordination agreement should specifically refer to the particular mortgage and should not be relied upon if general or automatic as to a future transaction. Caution should be used in accepting subordinations delivered by a borrower.

Exception

SUBX01 ALTA

Subordination Agreement

The ____________ recorded __________ has been subordinated to ___________ by instrument recorded ___________.
Comment: Use this exception if a mortgage, lease or properly subordinated to another interest, as disclosed by your examination.