Lien Priority and Title Insurance Policy

Requirements

You must ensure:

• The Third-Party FinancingThird-Party FinancingAny loan to, or indebtedness of, a Borrower that: is not a Supplemental Mortgage Loan or Pre-Existing Mortgage Loan; and either: requires repayment by the Borrower; or is forgiven (over time or at maturity) subject to Borrower compliance with certain covenants or conditions. …, along with any LienLienLien, mortgage, bond interest, pledge, security interest, charge, or encumbrance of any kind. securing the subordinate loan, remains at all times, subordinate to the Security Instrument'sSecurity Instrument'sInstrument creating a lien or encumbrance on 1 or more Properties and securing the Loan Document obligations. LienLienLien, mortgage, bond interest, pledge, security interest, charge, or encumbrance of any kind. , including any refinancing.
• The Subordination Agreement is recorded in the land records immediately after the subordinate security instrument is recorded.
• The Lender'sLender'sPerson Fannie Mae approved to sell or service Mortgage Loans. title insurance policy reflects the recordation of the Subordination Agreement.