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Prepare a Subordination Agreement between a mortgage lender (mortgagee) and a home owner with this template form for the USA. The mortgagee agrees to subordinate its security interest under a mortgage on the owner's property to another loan, which will allow the second loan to take priority to the first mortgage until the second loan has been paid off.The first mortgage will remain a lien on the property. The second lender will notify the mortgagee of any default by the owner in payment on the second loan. Includes an Acknowledgement of a Notary Public form. This USA Subordination Agreement is provided in MS Word format and is fully editable.