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Beneficiary declares, agrees and acknowledges that It intentionally and unconditionally waives, relinquishes and subordinates the lien or charge of the Deed of Trust first above mentioned in favor of the lien or charge upon said land of the Deed of Trust in favor of Lender above referred to and understands that in reliance upon, and in consideration of, this waiver, relinquishment and subordination, a specific loan is being made and, as part and parcel thereof, specific monetary and other obligations are being and will be entered into which would not be made or entered into but for said reliance upon this waiver, relinquishment and subordination. STATE OF IOWA ss: ( That said Deed of Trust securing said note in favor of Lender, shall unconditionally be and remain at all times a lien or charge on the property therein described, prior and superior to the lien or charge of the Beneficiary's Deed of Trust first above mentioned. (2) That Lender would not make its loan above described without this Subordination Agreement ( Nothing herein contained shall affect the validity or enforceability of Beneficiary's Deed of Trust except for the subordination as aforesaid. REG1,9% ....... 1 ■ 1 ` ** PRATi:'•• cn se I : 1999 -4E 1 4, • * JEFF UDEN COMMISSION NO. 744366 MY COMMISSION EXPIRES DECEMBER 12, 2015 Mortgage Electronic Registrat Systj s, Inc., ('MERS') By: Title: Kieran Vic Title: Vice Presiden Attest: COUNTY OF BLACK HAWK On February 25, 2013, before me Jeff Uden, a notary public in and for the said county, personally appeared Jami M. Beranek known to me to be a Vice President of Mortgage Electronic Registration Systems, Inc., ('MERS') and Amber Swanger known to me to be a Vice President of Mortgage Electronic Registration Systems, Inc., ('MERS'), Solely Defined As Nominee For The Lender, Ocwen Loan Servicing, LLC, the Limited Liability Company that executed the within instrumental also known to me (or proved to me on the basis of satisfactory evidence to be the person who executed the with instrument, behalf of the Limited Liability Company herein named and acknowledged to me that such Limited Liability Company executed the same. WITNESS my hand and notarial seal. Jeff Uden Notary Public Amber Swan 201303228 7302277876 Kimberlee K. Maruska