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�Drr1.5 i n <br /> PIN: 9851-90-3828 TMBL: <br /> Prepared by and Return to: Annette M. Moore, Staff Attorney,Orange County Attorney's Office,Post Office Box <br /> 8181, Hillsborough,North Carolina 27278 <br /> STATE OF NORTH CAROLINA <br /> SUBORDINATION AGREEMENT <br /> COUNTY OF ORANGE <br /> THIS AGREEMENT made and entered into this the day of by and <br /> between John Roberts, Trustee for Orange County, "Lender" of"Grantor," whose address is <br /> 200 S. Cameron Street, Hillsborough, North Carolina 27278 ("Lender"), to Brenda and Johnnie <br /> Johnson, whose address is 6728 Rocky Ridge Road, Hillsborough, North Carolina 27278 <br /> "Obligors"). <br /> WITNESSETH <br /> WHEREAS, Lender is the beneficiary of a Promissory Note in the principal amount of <br /> $32,720 secured by a deed of trust and executed by the Obligors in favor of Lender, said deed of <br /> trust having been recorded November 12, 2012, in Book 5484 at Page 84, Orange County <br /> Registry ("the County Deed of Trust"), and <br /> WHEREAS, Lender is the beneficiary of a Promissory Note in the principal amount of <br /> $15,975 secured by a deed of trust and executed by the Obligors in favor of Lender, said deed of <br /> trust having been recorded May 20, 2013, in Book 5609 at Page 489, Orange County Registry <br /> ("the County Deed of Trust"), and <br /> WHEREAS, Obligors now desires to borrow money from State Employees Credit Union <br /> Equity Line of Credit, whose address is Post Office Box 878, Carrboro, North Carolina 27510 <br /> the sum of which is $60,000; which includes closing costs and fees and secures the same by the <br /> execution of a Deed of Trust upon the land hereinafter described; and. <br /> WHEREAS, Obligors can procure said loan only upon the condition that the County <br /> Deed of Trust be subordinated to the lien of the Deed of Trust in favor of State Employees' <br /> Credit Union Equity Line of Credit; and <br />