|
elk
<br />Deed Of Trust Subordination Agreement
<br />Account No. 670379
<br />This Agreement is made this January 2, 2014, by and between U.S. Bank National Association as
<br />successor by merger with U.S. Bank National Association ND ( "Bank ") and U.S. Bank National Association
<br />("Refinancer").
<br />Bank is the beneficiary under a deed of trust (the " Junior Deed of Trust ") dated August 28, 2008,
<br />granted by Tammy L Rapp and Jerry L Rapp Jr, wife and husband ("Borrower"), residing at 916 E 12 St.,
<br />Grand Island, NE 68801 and recorded in the office of the Register of Deeds, Hall County, Nebraska, on
<br />Book , Page , as Document 200807978, encumbering the real property described therein
<br />(collectively, the "Property"). Refinancer is the beneficiary under a deed of trust (the "Senior Deed of Trust ")
<br />dated October 29, 2013, granted by the Borrower, and recorded in the same office on November 19, 2013,
<br />as Document 201309158, encumbering the property. To induce Refinancer to make a loan to the Borrower
<br />secured by the Senior Deed of Trust, Bank has agreed to execute and deliver this Subordination Agreement.
<br />ACCORDINGLY, in consideration of the premises and for other good and valuable consideration, the receipt
<br />and sufficiency of which are hereby acknowledged, Bank hereby agrees with Refinancer that the lien of the
<br />Junior Deed of Trust on the Property is and shall be and shall remain fully subordinate for all purposes to the
<br />lien of the Senior Deed of Trust on the Property, to the full extent of all sums from time to time secured by
<br />the Senior Deed of Trust; provided, however, that the total indebtedness secured by the Senior Deed of Trust
<br />does not exceed $63,500.00, exclusive of interest thereon, amounts advanced to protect the lien and priority
<br />of the Senior Deed of Trust, and costs of collection, and provided further, that this agreement shall not be
<br />effective until each other mortgage or other lien recorded against the property (other than the Senior
<br />Mortgage) and each judgment that is a lien against the Property shall be subordinated of record of the lien of
<br />the Senior Mortgage.
<br />Legal Description: See Attached Legal Description
<br />Property Address: 916 E 12 St., Grand Island, NE 68801
<br />IN WITNESS THEREOF, this Subordination Agreement is executed on the day and year first above stated.
<br />When Recorded
<br />mm Global Avg
<br />A 2925 Country Drive
<br />St. Paul, MN 55117
<br />- is q
<br />STATE OF Wisconsin )
<br />COUNTY OF Winnebago )
<br />The foregoing instrument was acknowledged before me this January 2, 2014, by Steven Barnes, Vice President
<br />of U.S. Bank National Association as successor by merger with U.S. Bank National Association ND, a national
<br />banking association, on behalf of the association.
<br />Janet 4 , Notary Public
<br />My Co - ission Expires: 10/18/2015
<br />Prepared by: Ashley Parker
<br />201400199
<br />U.S. Bank National Association
<br />as successor by merger with U.S. Bank National Association ND
<br />By: Steven Barnes, Vice President
<br />This Instrument was drafted by: US Bank Corporate Loan Servicing Center, 1850 Osborn Ave, Oshkosh, WI 64902
<br />JANET KORTH
<br />Notary Public
<br />State of Wisconsin
<br />
|