SUBORDINATION AGREEMENT OF SECURED DEBT

               For $1.00 and other valuable consideration the

        undersigned having or acquiring a security or mortgage interest

        in the collateral of_________________ , (Debtor), hereby agrees

        that said security or mortgage interest shall be subordinate to

        the security interest, mortgage or lien of_______________________,

        dated _________________, 19__, in the following collateral of the

        security agreement:  (Describe)

 
 
               Signed and sealed this _______day of ________, 19__.

  
                                      ____________________________

  
        Assented to:

  
        _________________________________

        Debtor