|
This Subordination Agreement, made this May 30, 2001 by WELLS FARGO BANK NEBRASKA, N.A.
<br />(hereinafter referred to as "Beneficiary"), present owner and holder of the Deed of Trust and note first
<br />hereafter described, in favor of WELLS FARGO HOME MORTGAGE, INC., it's successors and /or
<br />assigns (hereinafter referred to as "Lender ");
<br />WITNESSETH
<br />THAT WHEREAS, Bruce R. Rieker And Dawn R. Rieker, As Husband And Wife (hereinafter referred
<br />to as "Owner") did execute a Deed of Trust, dated November 22, 2000 to Fidelity National Title Insurance,
<br />as Trustee, covering that certain real property described as follows:
<br />THE LEGAL DESCRIPTION IS ATTACHED HERETO AND MADE A PART HEREOF
<br />APN:
<br />To secure a note in the sum of $2,000.00, dated November 22, 2000, in favor of Wells Fargo Home
<br />Mortgage, Inc., which Deed of Trust was recorded January 8, 2001, as INSTRUMENT NO. 0200100149,
<br />Official Records of Hall county. Through subsequent agreements with the Owner, either recorded or
<br />unrecorded, the current borrowing limit for said note has been amended to $20,000.00, and
<br />WHEREAS, Owner has executed, or is about to execute, a Deed of Trust or Mortgage (hereinafter
<br />referred to as "Lender's Security Instrument ") and note not to exceed the sum of $192,000.00, dated
<br />e —loo i , in favor of Lender, payable with interest and upon the terms and conditions
<br />described therein, which Lender's Security Instrument is to be recorded concurrently herewith; and
<br />WHEREAS, It is a condition precedent to obtaining said loan that said Lender's Security Instrument
<br />last above mentioned shall unconditionally be and remain at all times a lien or charge upon the land
<br />hereinbefore described, prior and superior to the lien or charge of the Deed of Trust first mentioned,
<br />Owner has requested Beneficiary to subordinate Beneficiary's lien to the lien about to be taken by the
<br />Lender; and
<br />WHEREAS, Lender is willing to make said loan provided the Lender's Security Instrument securing
<br />the same is a lien or charge upon the above described property prior and superior to the lien or charge of
<br />the Deed of Trust first above mentioned and provided that Beneficiary will specifically and unconditionally
<br />subordinate the lien or charge of the Deed of Trust first above mentioned to the lien or charge of the
<br />Lender's Security Instrument in favor of the Lender; and
<br />Page 1 of 3
<br />01 v3o a9
<br />CD
<br />n en
<br />-rn
<br />ii t S f- f
<br />RECORDING REQUESTED =
<br />n =
<br />C
<br />z
<br />rn
<br />-<
<br />°
<br />cc
<br />R1 d
<br />N
<br />p
<br />O
<br />CD
<br />rn
<br />-�
<br />D co
<br />O
<br />WHEN RECORDED MAIL TO
<br />rn
<br />C*
<br />N
<br />o
<br />Wells Fargo Bank, N. A.
<br />Cil
<br />--I
<br />Attn: Home Equity Customer Relations
<br />C
<br />MAC: P6051 -013
<br />,a
<br />"Or-
<br />fTl
<br />18700 NW Walker Rd #92
<br />Z
<br />Beaverton, OR 97006
<br />C
<br />n'
<br />4Q
<br />Loan No. 003- 003 - 2366347 -0001 DR SUBORDINATION AGREEMENT
<br />ALBUQ
<br />NOTICE: THIS SUBORDINATION AGREEMENT RESULTS IN YOUR SECURITY INTEREST IN THE
<br />PROPERTY BECOMING SUBJECT TO AND OF
<br />LOWER PRIORITY THAN THE
<br />LIEN OF SOME
<br />OTHER OR LATER SECURITY INSTRUMENT.
<br />This Subordination Agreement, made this May 30, 2001 by WELLS FARGO BANK NEBRASKA, N.A.
<br />(hereinafter referred to as "Beneficiary"), present owner and holder of the Deed of Trust and note first
<br />hereafter described, in favor of WELLS FARGO HOME MORTGAGE, INC., it's successors and /or
<br />assigns (hereinafter referred to as "Lender ");
<br />WITNESSETH
<br />THAT WHEREAS, Bruce R. Rieker And Dawn R. Rieker, As Husband And Wife (hereinafter referred
<br />to as "Owner") did execute a Deed of Trust, dated November 22, 2000 to Fidelity National Title Insurance,
<br />as Trustee, covering that certain real property described as follows:
<br />THE LEGAL DESCRIPTION IS ATTACHED HERETO AND MADE A PART HEREOF
<br />APN:
<br />To secure a note in the sum of $2,000.00, dated November 22, 2000, in favor of Wells Fargo Home
<br />Mortgage, Inc., which Deed of Trust was recorded January 8, 2001, as INSTRUMENT NO. 0200100149,
<br />Official Records of Hall county. Through subsequent agreements with the Owner, either recorded or
<br />unrecorded, the current borrowing limit for said note has been amended to $20,000.00, and
<br />WHEREAS, Owner has executed, or is about to execute, a Deed of Trust or Mortgage (hereinafter
<br />referred to as "Lender's Security Instrument ") and note not to exceed the sum of $192,000.00, dated
<br />e —loo i , in favor of Lender, payable with interest and upon the terms and conditions
<br />described therein, which Lender's Security Instrument is to be recorded concurrently herewith; and
<br />WHEREAS, It is a condition precedent to obtaining said loan that said Lender's Security Instrument
<br />last above mentioned shall unconditionally be and remain at all times a lien or charge upon the land
<br />hereinbefore described, prior and superior to the lien or charge of the Deed of Trust first mentioned,
<br />Owner has requested Beneficiary to subordinate Beneficiary's lien to the lien about to be taken by the
<br />Lender; and
<br />WHEREAS, Lender is willing to make said loan provided the Lender's Security Instrument securing
<br />the same is a lien or charge upon the above described property prior and superior to the lien or charge of
<br />the Deed of Trust first above mentioned and provided that Beneficiary will specifically and unconditionally
<br />subordinate the lien or charge of the Deed of Trust first above mentioned to the lien or charge of the
<br />Lender's Security Instrument in favor of the Lender; and
<br />Page 1 of 3
<br />01 v3o a9
<br />
|