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200107276 <br />(3) That this Agreement shall be the whole and only agreement with <br />regard to the subordination of the Beneficiary's Mortgage to the New Lender's <br />Mortgage. <br />The Beneficiary agrees and acknowledges: <br />(1) That the New Lender in making disbursements pursuant to the New <br />Loan is under no obligation or duty to, nor has the New Lender represented that it will, <br />see to the application of such proceeds by the person or persons to whom the New <br />Lender disburses such proceeds; <br />(2) That the Beneficiary unconditionally subordinates the Beneficiary's <br />Mortgage in favor of the New Lender's Mortgage and understands that in reliance upon, <br />and in consideration of this subordination, specific loans and advances are being and <br />will be made and as part and parcel thereof specific monetary and other obligations are <br />being and will be entered into that would not be made or entered into but for said <br />reliance upon this subordination; and <br />(3) That the Beneficiary's Mortgage has by this instrument been <br />subordinated to the New Lender's Mortgage subject to the provisions of this Agreement. <br />0 Ma <br />:: • :• D '. P4 <br />Owner JASON J. ANDERSON <br />R. Sean Bobbitt <br />Title Officer <br />Owner <br />STATE OF COLORADO ) <br />) SS. <br />COUNTY OF EL PASO ) <br />The foregoing instrument was acknowledged before me this 491-h day of <br />, 2001, by R. SEAN BOBBITT as OFFICER of WELLS FARGO <br />BANK WEST, N.A.. <br />WITNESS my hand and official seal. <br />My commission expires: <br />STATE OF <br />) SS. <br />COUNTY OF <br />kkl�" -0 � &,, d4 <br />Notary Public <br />�pfrrlrN F �:AR!?(�1 <br />My Commission Expires Jul 23, 2002 <br />The foregoing instrument was acknowledged before me this day of <br />, 20, by JASON J. ANDERSON, A SINGLE PERSON. <br />WITNESS my hand and official seal. <br />My commission expires: <br />Notary Public <br />I <br />