Free Notary For Subordinated Loan Agreement

I. Parties

1. Borrower: [Borrower's Full Legal Name]
2. Lender: [Lender's Full Legal Name]
3. Notary Public: [YOUR NAME]

II. Loan Details

1. Principal Amount: [Principal Loan Amount]
2. Interest Rate: [Interest Rate Percentage]
3. Loan Term: [Loan Term in Months or Years]

III. Subordination Details

1. Ranking Position: This loan will be in a subordinated position about the following debts:

   • Loan from First National Bank

   • Loan from Private Investors LLC

2. Conditions of Subordination: The subordinated position of the loan is subject to the following conditions:

   • The borrower shall not pay dividends or distributions to shareholders until the subordinated loan is fully repaid.

IV. Rights and Obligations

1. Borrower’s Rights and Obligations: The borrower shall make timely payments of principal and interest as per the agreed terms and conditions.

2. Lender’s Rights and Obligations: The lender shall provide the agreed loan amount to the borrower and may enforce the terms of the loan agreement in case of default.

V. Default and Remedies

The procedures in the event of default and the rights and remedies available to each party shall be as follows:

• In case of default, the lender may initiate legal proceedings to recover the outstanding loan amount along with accrued interest.

VI. Notarization

The parties have executed this Subordinated Loan Agreement under seal in the presence of the undersigned Notary Public. I, [NOTARY PUBLIC NAME], as a Notary Public in and for the said County and State, do hereby certify that [Borrower's Full Legal Name] and [Lender's Full Legal Name], personally known to me to be the same persons whose names are subscribed to the foregoing instrument, appeared before me this day in person and acknowledged that they signed, sealed and delivered the said instrument as their free and voluntary act for the uses and purposes therein set forth.

[Borrower's Full Legal Name]

[DATE SIGNED]

[Lender's Full Legal Name]

[DATE SIGNED]

[NOTARY PUBLIC NAME]
Notary Public Commission Number: [COMMISSION NUMBER]
Notary Public Commission Expiration Date: [EXPIRATION DATE]

Seal: (Place the Seal here)

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