|
Loan No. 003 -003- 2446022 -0001 GB SUBO DINATION AGREEMENT ALBUQ
<br />NOTICE: THIS SUBORDINATION AGREEMENT RESULTS IN YOUR SECURITY INTEREST IN THE (' ;
<br />PROPERTY BECOMING SUBJECT TO AND OF LOWER PRIORITY THAN THE LIEN OF SOME
<br />OTHER OR LATER SECURITY INSTRUMENT.
<br />This Subordination Agreement, made this April 19, 2004 by WELLS FARGO BANK, N.A. (hereinafter
<br />referred to as "Beneficiary "), present owner and holder of the Deed of Trust and note first hereafter
<br />described, in favor of MAJOR MORTGAGE, it's successors and /or assigns (hereinafter referred to as
<br />"Lender ");
<br />WITNESSETH
<br />THAT WHEREAS, Terry Lee Jepson And Lori L. Jepson, Husband And Wife As Joint Tenants
<br />(hereinafter referred to as "Owner') did execute a Deed of Trust, dated April 13, 2001 to Wells Fargo
<br />Bank Nebraska, N. A., 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 $30,000.00, dated April 13, 2001, in favor of Wells Fargo Bank Nebraska,
<br />N. A., which Deed of Trust was recorded June 11, 2001, as INSTRUMENT NO. 200105550, Official
<br />Records of Hall County, 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 $71,500.00, dated
<br />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 erewith; 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 />WHEREAS, It is to the mutual benefit of the parties hereto that Lender make such loan to Owner; and
<br />Beneficiary is willing that the Lender's Security Instrument securing the same shall, when recorded,
<br />Page 1 of 3
<br />•
<br />U
<br />WHEN RECORDED MAIL TO
<br />.�
<br />Wells Fargo Bank, N. A.
<br />m
<br />Attn: Doc. Management MAC 86955 -011
<br />PO Box 31557
<br />_
<br />°
<br />Billings, MT 59107 -1557
<br />Loan No. 003 -003- 2446022 -0001 GB SUBO DINATION AGREEMENT ALBUQ
<br />NOTICE: THIS SUBORDINATION AGREEMENT RESULTS IN YOUR SECURITY INTEREST IN THE (' ;
<br />PROPERTY BECOMING SUBJECT TO AND OF LOWER PRIORITY THAN THE LIEN OF SOME
<br />OTHER OR LATER SECURITY INSTRUMENT.
<br />This Subordination Agreement, made this April 19, 2004 by WELLS FARGO BANK, N.A. (hereinafter
<br />referred to as "Beneficiary "), present owner and holder of the Deed of Trust and note first hereafter
<br />described, in favor of MAJOR MORTGAGE, it's successors and /or assigns (hereinafter referred to as
<br />"Lender ");
<br />WITNESSETH
<br />THAT WHEREAS, Terry Lee Jepson And Lori L. Jepson, Husband And Wife As Joint Tenants
<br />(hereinafter referred to as "Owner') did execute a Deed of Trust, dated April 13, 2001 to Wells Fargo
<br />Bank Nebraska, N. A., 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 $30,000.00, dated April 13, 2001, in favor of Wells Fargo Bank Nebraska,
<br />N. A., which Deed of Trust was recorded June 11, 2001, as INSTRUMENT NO. 200105550, Official
<br />Records of Hall County, 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 $71,500.00, dated
<br />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 erewith; 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 />WHEREAS, It is to the mutual benefit of the parties hereto that Lender make such loan to Owner; and
<br />Beneficiary is willing that the Lender's Security Instrument securing the same shall, when recorded,
<br />Page 1 of 3
<br />n
<br />r
<br />m
<br />CAQ
<br />_
<br />°
<br />oU�+
<br />or
<br />n
<br />=
<br />rn
<br />+�
<br />x
<br />N CD
<br />O
<br />N
<br />O
<br />CD
<br />Z
<br />o
<br />rn
<br />N
<br />rn -.`
<br />s
<br />o
<br />= r-1
<br />rn
<br />-D
<br />D CID
<br />C D
<br />rn
<br />r a
<br />GJ
<br />cn
<br />W
<br />U)
<br />ca
<br />C7� fD
<br />N
<br />rt
<br />Co
<br />z
<br />O
<br />Loan No. 003 -003- 2446022 -0001 GB SUBO DINATION AGREEMENT ALBUQ
<br />NOTICE: THIS SUBORDINATION AGREEMENT RESULTS IN YOUR SECURITY INTEREST IN THE (' ;
<br />PROPERTY BECOMING SUBJECT TO AND OF LOWER PRIORITY THAN THE LIEN OF SOME
<br />OTHER OR LATER SECURITY INSTRUMENT.
<br />This Subordination Agreement, made this April 19, 2004 by WELLS FARGO BANK, N.A. (hereinafter
<br />referred to as "Beneficiary "), present owner and holder of the Deed of Trust and note first hereafter
<br />described, in favor of MAJOR MORTGAGE, it's successors and /or assigns (hereinafter referred to as
<br />"Lender ");
<br />WITNESSETH
<br />THAT WHEREAS, Terry Lee Jepson And Lori L. Jepson, Husband And Wife As Joint Tenants
<br />(hereinafter referred to as "Owner') did execute a Deed of Trust, dated April 13, 2001 to Wells Fargo
<br />Bank Nebraska, N. A., 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 $30,000.00, dated April 13, 2001, in favor of Wells Fargo Bank Nebraska,
<br />N. A., which Deed of Trust was recorded June 11, 2001, as INSTRUMENT NO. 200105550, Official
<br />Records of Hall County, 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 $71,500.00, dated
<br />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 erewith; 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 />WHEREAS, It is to the mutual benefit of the parties hereto that Lender make such loan to Owner; and
<br />Beneficiary is willing that the Lender's Security Instrument securing the same shall, when recorded,
<br />Page 1 of 3
<br />
|