16-20 Exhibit A - Subordination Agreement - 8 Glen Road.pdf

SUBORDINATION AGREEMENT Loan No: 3440273625 This Agreement is made this : 20 by The Township of West Orange, whose address is, {the "Lienholder’). WHEREAS the Lienhoider is the holder of a mortgage/deed of trust/lien in the principal amount of $14,335.00 executed by Patrick S. Yates and Betty Ann M. Yates (ihe “Borrower"), dated December 3, 2002 and recorded on December 10, 2002, in Book 8584, Page 58, in Instrument 698599, in the records of Essex County {“Lienholder’s Lien”), covering the properly commonly known as 8 Glen Road, West Orange, NJ 07052-4604 (the “Property”) and legally described as: Situated in the County of Essex, State of NJ: (See attached Legal Description) Tax ID No.: Block 59,01 Lot 8 WHEREAS Quicken Loans Inc. intends to make a loan to the Borrower in a principal amount not to exceed $265,058.00 and dated on or about : 20 to be secured by a mortgage/deed of trust granled to Morigage Electronic | Registration Systems Inc., as nominee for Quicken Loans Inc., its successors and or assigns, covering the Property (“Quicken Loans’ Lien’), and WHEREAS Quicken Loans Inc. will only make the loan to the Borrower provided that Lienholder’s Lien is subordinate to Quicken Loans’ Lien, and WHEREAS Lienholder intends that Quicken Loans’ Lien be prior and superior to Lienholder's Lien. NOW, THEREFORE, it is agreed that in consideration of one dollar and other good and valuable consideration, the adequacy and receipt of which is hereby acknowledged, Lienholder agrees to subordinate and make Lienholder’s Lien subordinate and junior in all respects to Quicken Loans’ Lien. Page 1 of 3