Common Contracts
1 similar Mortgage Subordination Agreement contracts
MORTGAGE SUBORDINATION AGREEMENTMortgage Subordination Agreement • December 17th, 2010
The Town of Chilmark, holder of a mortgage from Brian A. Cioffi and Kari D. Cioffi (“Cioffi”) to said Town of Chilmark, dated December 20, 2005, and recorded in the Dukes County Registry of Deeds in Book 1066, Page 931 (the “Subordinated Mortgage”), hereby agrees that said mortgage shall be and hereby is subordinate and junior in right to a mortgage given by Cioffi to Sovereign Bank (the “Lender”), in the principal amount of $228,000.00 (the “New Mortgage”), to be recorded herewith, to same extent as if the New Mortgage had been executed and recorded prior in time to the execution and recording of the Subordinated Mortgage, provided, however:
