85-24 Exhibit.pdf

Subordinating Lender is the owner and holder of the Junior Mortgage and obligations secured by the Junior Mortgage; the Junior Mortgage is a lien on the title to the Property or an interest in that title. For value received and to induce the New Lender to enter into the Refinance Mortgage, Subordinating Lender unconditionally subordinates its lien on, and all other rights and interests in, the title to the Property resulting from the Junior Mortgage to the lien on, and all other rights and interests in, the title to the Property resulting from the Refinance Mortgage. Subordinating Lender agrees that its lien on, and all other rights and interests in, the title to the Property resulting from the Junior Mortgage will remain subordinate to the lien on, and all other rights and interests in, the title to the Property resulting from the Refinance Mortgage regardless of any renewal or extension of the Refinance Mortgage. This Subordination Agreement shall be binding upon the successors and assigns of the Subordinating Lender. When the context requires, singular nouns and pronouns include the plural. Mortgage means mortgage, deed of trust, trust deed or other security instrument. Township of West Orange By: Signature Its: Position of Authorized Signatory _________________[Space Below This Line For Acknowledgement]___________________ STATE OF: COUNTY OF: Before me, a Notary Public, on this ______ day of __________________, 20____ personally appeared _____________________________(Name of Authorized Signatory), who acknowledged to be the _______________________________(Position of Authorized Signatory) of Township of West Orange and, as such officer, being authorized to do so, executed the foregoing instrument for the purposes therein contained by signing the name of the Corporation/Entity by themselves as such officer. IN WITNESS WHEREOF, I hereunto set my hand and official seal as of the day and year above written. Notary Public My Commission Expires: (page 2 of 2 pages)