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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 $15,000.00, 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. 200105548, Official
<br />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 $15,000.00, 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 $71,500.00, dated
<br />Dpi 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 concurreptly he ewith; and
<br />AocIcbq— Uo g'
<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
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<br />Billings, MT 59107 -1557
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<br />Loan No. 003 -003- 2453142 -0001 GB SUBO DINATION AGREEMENT
<br />ALBUQ
<br />NOTICE: THIS SUBORDINATION AGREEMENT RESULTS IN YOUR SECURITY
<br />INTEREST IN THE
<br />PROPERTY BECOMING SUBJECT TO AND OF
<br />LOWER PRIORITY THAN THE
<br />LIEN
<br />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 $15,000.00, 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. 200105548, Official
<br />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 $15,000.00, 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 $71,500.00, dated
<br />Dpi 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 concurreptly he ewith; and
<br />AocIcbq— Uo g'
<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
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