Arizona Subordination Agreement (Deed of Trust to Storage Agreement)

• Category: Oil Gas and Minerals - Agreements
• State: Multi-State
• Control #: US-OG-1142
• Format: Word; Rich Text

Description

This form is a subordination agreement for deed of trust to storage agreement. A subordination agreement, specifically known as an Arizona Subordination Agreement (Deed of Trust to Storage Agreement), is a legal document used in real estate transactions in Arizona. This agreement establishes the priority of certain liens or encumbrances on a property, particularly those related to a deed of trust and storage agreement. When an individual or entity purchases a property using a loan, they typically secure the loan with a deed of trust, which acts as a lien on the property. However, there may be other liens or encumbrances on the property, such as a storage agreement for the storage or parking of personal property. The subordination agreement clarifies the order in which these liens will be paid off in the event of a foreclosure or sale of the property. The Arizona Subordination Agreement ensures that the lien holder of the storage agreement is subordinated to the lien holder of the deed of trust, meaning that the deed of trust takes precedence in terms of repayment. In simpler terms, the lender who provided the loan for purchasing the property will have priority in receiving payment if the property is sold or foreclosed upon. There are no specific types of Arizona Subordination Agreements (Deed of Trust to Storage Agreement) as the agreement itself refers to the subordination of a specific storage agreement in relation to a deed of trust. Therefore, the content of the agreement will vary depending on the specific details of the parties involved, the terms of the storage agreement, and the loan secured by the deed of trust. Some relevant keywords related to an Arizona Subordination Agreement (Deed of Trust to Storage Agreement) may include: 1. Deed of Trust 2. Storage Agreement 3. Lien holder 4. Foreclosure 5. Priority of Liens 6. Real Estate Transaction 7. Loan Security 8. Repayment Order 9. Property Encumbrances 10. Subordination Clause.

A subordination agreement, specifically known as an Arizona Subordination Agreement (Deed of Trust to Storage Agreement), is a legal document used in real estate transactions in Arizona. This agreement establishes the priority of certain liens or encumbrances on a property, particularly those related to a deed of trust and storage agreement. When an individual or entity purchases a property using a loan, they typically secure the loan with a deed of trust, which acts as a lien on the property. However, there may be other liens or encumbrances on the property, such as a storage agreement for the storage or parking of personal property. The subordination agreement clarifies the order in which these liens will be paid off in the event of a foreclosure or sale of the property. The Arizona Subordination Agreement ensures that the lien holder of the storage agreement is subordinated to the lien holder of the deed of trust, meaning that the deed of trust takes precedence in terms of repayment. In simpler terms, the lender who provided the loan for purchasing the property will have priority in receiving payment if the property is sold or foreclosed upon. There are no specific types of Arizona Subordination Agreements (Deed of Trust to Storage Agreement) as the agreement itself refers to the subordination of a specific storage agreement in relation to a deed of trust. Therefore, the content of the agreement will vary depending on the specific details of the parties involved, the terms of the storage agreement, and the loan secured by the deed of trust. Some relevant keywords related to an Arizona Subordination Agreement (Deed of Trust to Storage Agreement) may include: 1. Deed of Trust 2. Storage Agreement 3. Lien holder 4. Foreclosure 5. Priority of Liens 6. Real Estate Transaction 7. Loan Security 8. Repayment Order 9. Property Encumbrances 10. Subordination Clause.