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2�1008119 THIS AGREEMENI' (the "Ay�+eeme��. effective as of the Effective Date abnve, is made by aad among tho Subordinating Londer, Ownara and the Senior Lender named abova. PHILIP S. RAMSEL, AND CHRIS'TII�IB E RAMSEY., HLISBAND AND WiF�� WHO ACQUIKED TITLE A5 PHII,II' S. RAMSEL AND CF�RI3TIN� E. H�FFRON. (indiwidually and collectively the "Owne�') own th� real P�Perh' located at the above FropartY �►ddreas (the "PropertY")• The Subordinating Lende� 1�as an' ��_'°� �� Pi'Op�Y by v�rtue of a Open-End Decd of Truat given by tt►a Ownor. covering that real propeity. mora particulsrly described aa follows: See Exhibit A / Q,,,,�„(�� 0�/�� ,��/� r�r.� which documtnt is dat�d the 27th day of 7uly, 2007, which wa� filed in �nabnument # Q200707237 at paga N/A (or as No. N/A) of the R�corda of the O�ice of t�c Rsg�r of Deeds of the County ° �t� L debt ev d n d by a ots " F x i s t i n g Securi t y Instrumen�'). The Existing Secarity Instrument secures reP�Y� or a line of credit agreement e�ctcnded ta PHILIP S R A M S F.�. an d C F II t I S T IN E E R A M S E L ( i n d' a v i d u a l l y a n d COlI6Ct1V8Iy' �BDITOWCT"� by �18 Sl1b0Id11�1�� I+eII�Or. The Senior Lendet has agreed W�8 � n�'�' loan or amend an axisting loan in t11e ori$inal principal amount NOT w r.xceed $146,823.Q0 (�e "New Loan or Amended Loan"). provided that the New Loan or Amended Y�oan i� s�ured by a first lien mor�age on the ProperlY (the "New Security Ingtrumont") in favor af the Sonior Lender. If the Novv Loan ar Amended Loan exc this amount, the Subordinatiar� Agreement is VOID. ��'e. rG�� n�.+w'!�y lat� d.s�Il. o� 'F✓u.�� — �°�il� The Subordinal3ng Leadar is wiAing to subordinato �e llen of the Exi�ting 5ecurity Inataument io tho lien of tha New 5ocurity Instrument under the tams set ford► in this Agrcemen� NOW, THEREFORE, for and in cansideratian of the above rocitals, the covenants hamu► contained, and for good aad valuable consideration, the receipt of which is hereby acl�owledged, the Parties agr�e as follows: p, A�reement to Subordin'te SubardinaCing Lender and Tn�stee� if applicable� hereby subordinatea t�e lien of the Existing Security Instiument, and a11 of it� modiflcations, extenaiona and renawals. to tlYe li�co�oar w ch may th�e f�uture be 'rhia Agroemont is effsctivo aa �o a�y sum whose repayment ia presently secured by the Ex3stin6 5ecuriry Ynsfimn�� B. Appointment of Snbutitute Trustee .�AAP�Ie The Existing Security Inawmont nsmas N/A, as Trustee and the Subordinatin8 Lander as B�� stitute Exisl3ng 5ecuritY Tnstrument provide� that the Snbardinatfng L,endar may dasignate and appo' Trustees in place af any other Wstee bY' an instr�u�►ent recorded araong the appropriate land records. The Subordinatin8 Lender hereby remrnas N/A as Trustec and designates and appoints N/A as substitute Trvstca with the same powers and duties as wero originally vested iu the Original Trustee twdcr the Existing Security Instrumcut. G General Terme nnd Conditlons Binding EtPect — Thi�s Agceement ahall be binding upon and inure to the bene�it of the respactive heirs, lcgal rep�entsttvea. successors and assigaa of the perdos hereto end all of thoso holding title under any of them. SUBORDIldATION ONLY NE V 1.0 Paga 2 of 3 OOOOOOOUDOlOZ429