|
This Subordination Agreement, made this May 4, 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 WELLS FARGO HOME MORTGAGE, INC., it's successors and /or assigns
<br />(hereinafter referred to as "Lender ");
<br />WITNESSETH
<br />THAT WHEREAS, Stacy A Shuck, A Single Person (hereinafter referred to as "Owner") did execute a
<br />Deed of Trust, dated January 24, 2003 to Wells Fargo Bank Nebraska, N. A., as Trustee, covering that
<br />certain real property described as follows:
<br />LOT 16, BLOCK 4, OLDE MILL SUBDIVISION, CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA
<br />To secure a note in the sum of $10,000.00, dated January 24, 2003, in favor of Wells Fargo Bank
<br />Nebraska, N. A., which Deed of Trust was recorded March 13, 2003, as 0200302920, Official Records of
<br />Hall County. Through subsequent agreements with the Owner, either recorded or unrecorded, the
<br />current borrowing limit for said note has been amended to $10,000.00, 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 $69,600.00, dated
<br />IQ -3) -Oa , , 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 />fn
<br />,in
<br />M CA
<br />_
<br />.�
<br />Z
<br />sno
<br />0
<br />��
<br />s
<br />�D
<br />off.
<br />_
<br />'{
<br />-< o
<br />-q
<br />o
<br />O
<br />T
<br />cr
<br />�' z
<br />~'
<br />WHEN RECORDED MAIL TO
<br />m
<br />C13
<br />r-
<br />p
<br />L
<br />Wells Fargo Bank, N. A.
<br />o
<br />Co
<br />D
<br />Attn: Doc. Management MAC B6955 -011
<br />O
<br />r+
<br />l 1
<br />PO Box 31557
<br />(p
<br />cn
<br />d
<br />O
<br />®
<br />Billings, MT 59107 -1557
<br />�
<br />Loan No. 003 -003- 2949733 -0001 TM SUBO DINATION AGREEMENT
<br />ALEUQ
<br />_
<br />lT
<br />NOTICE: THIS SUBORDINATION AGREEMENT RESULTS IN YOUR SECURITY INTEREST IN THE
<br />PROPERTY BECOMING SUBJECT TO AND OF LOWER
<br />PRIORITY THAN THE
<br />LIEN
<br />OF SOME
<br />OTHER OR LATER SECURITY INSTRUMENT.
<br />This Subordination Agreement, made this May 4, 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 WELLS FARGO HOME MORTGAGE, INC., it's successors and /or assigns
<br />(hereinafter referred to as "Lender ");
<br />WITNESSETH
<br />THAT WHEREAS, Stacy A Shuck, A Single Person (hereinafter referred to as "Owner") did execute a
<br />Deed of Trust, dated January 24, 2003 to Wells Fargo Bank Nebraska, N. A., as Trustee, covering that
<br />certain real property described as follows:
<br />LOT 16, BLOCK 4, OLDE MILL SUBDIVISION, CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA
<br />To secure a note in the sum of $10,000.00, dated January 24, 2003, in favor of Wells Fargo Bank
<br />Nebraska, N. A., which Deed of Trust was recorded March 13, 2003, as 0200302920, Official Records of
<br />Hall County. Through subsequent agreements with the Owner, either recorded or unrecorded, the
<br />current borrowing limit for said note has been amended to $10,000.00, 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 $69,600.00, dated
<br />IQ -3) -Oa , , 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 />
|