Litchfield, MN · Meeker County
Subordination Agreement by Business Entity
This agreement subordinates an existing mortgage lien on Meeker County real property to a later mortgage, and is completed by the business entity whose lien is being subordinated.
- licensed online notary
- ~15 min average
- Notarized PDF emailed
What you’ll need
- Government-issued photo ID
- Webcam-enabled device (laptop or phone)
- This form, ready to upload as a PDF
What this form is
The agreement identifies the existing mortgage and the later mortgage, including the property, recording details, and the later mortgage’s maximum amount. The business entity’s representative signs on its behalf, and the completed instrument includes an acknowledgment for notarization. The form is used when the lienholder agrees to give the later mortgage priority over its existing lien on the described property.
Who needs it
A business entity whose mortgage lien on Meeker County property will be subordinated needs its authorized representative to complete and sign this agreement.
Why it needs a notary
The form carries an acknowledgment before a notary; the entity representative signs in the stated capacity on behalf of the business entity.
How to get this notarized
- 1
Download the Agreement
Get the Subordination Agreement by Business Entity form provided by the City of Litchfield.
- 2
Fill In the Mortgage Details
Enter the property description, existing mortgage details, subsequent mortgage information, and business entity details.
- 3
Book an Online Notary
Schedule an online notarization session for the representative who will acknowledge signing on behalf of the entity.
- 4
Sign on Video
Follow the notary’s instructions and acknowledge the signature in the online session.
- 5
Submit the Agreement
Submit the completed instrument to the appropriate city or recording office as directed.
Preview the form
The blank PDF straight from Litchfield. Look it over, then upload your filled copy to start the notary session.
You’ll need ID and a webcam.
A licensed online notary will join you on video, verify your government-issued ID, witness your signature, and apply their seal. You’ll receive the notarized PDF by email when the session ends.
Frequently asked questions
- How do I complete the Subordination Agreement by Business Entity?
- Identify the existing and subsequent mortgages, property description, recording details, and maximum amount. Have the business representative sign on its behalf before a notary, then submit the completed instrument as needed.
- Do I need to sign this agreement before a notary?
- Yes. The form includes an acknowledgment stating that the representative acknowledged signing in a stated capacity on behalf of the business entity.
- Can I use an online notary for this form?
- Minnesota authorizes remote online notarization by its notaries under Minn. Stat. §358.645, and Minn. Stat. §358.61 recognizes notarial acts by a notary public or other authorized officer of another state. Confirm with the city if unsure.
- Where does the agreement identify the property and mortgages?
- The form provides fields for the real property’s legal description, the existing mortgage, and the subsequent mortgage, including recording information and the subsequent mortgage’s maximum amount.