Form prepared and used by Lawyers Title & Trust Company of New York.

This Agreement, made the........day of..........., one thousand nine hundred and......,

Between

.......................................................................................................

hereinafter designated as the party of the first part, hereinafter designated as the party of the second part, and hereinafter designated as the party of the third part,

WITNESSETH:

Whereas, the party of the first part is the owner in fee of premises situated in the Borough of............, in the City of New York,........................................

and

Whereas,.........................................the owner.......___and holder.......___of a certain mortgage covering said premises, or a part thereof, as by reference to said mortgage will appear, and of the bond which said mortgage secures, said mortgage bearing date the.........day of........, 19.., being made by............ to........................

to secure payment of the sum of...................Dollars, and interest, and recorded in the Office of the Register of the

County of.........., on the........day of........, 19.., in Liber......of Section......of Mortgages, page......, and

Whereas, on condition that said mortgage be subordinated in the manner hereinafter appearing, the party of the third part is about.............................mortgage covering said premises hereinabove described, bearing date the

........day of.........., 19..., made by.................

to....................to secure...................Dollars and interest.

Now, Therefore, in consideration of the premises and to induce the said party of the third part to....................

and also in consideration of one dollar to each of them paid by the party of the third part, the receipt whereof is hereby acknowledged, the said parties of the first and second parts Do Hereby, severally and respectively, covenant, consent and agree, to and with the said party of the third part, that said mortgage................held by the party of the second part shall be, and the same............hereby made subject and subordinate in hen to the lien of said mortgage for

..............Dollars, and interest...................the party of the third part.

This Agreement shall be binding upon and enure to the benefit of the respective heirs, legal representatives, successors and assigns of the parties hereto.