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2319 N. Webb Rd.
<br />Grand Is1*d�1E 68803
<br />SUBORDINATION AGREEMENT
<br />This agreement made this 17a' day of October, 2002, between Wells Fargo Financial Nebraska, Inc., (hereinafter
<br />referred to as subordinating creditor), and Wells Fargo Home Mortgage, Inc., (hereinafter referred to as Favored creditor),
<br />witnesseth:
<br />That in consideration of subordinating creditor entering into this subordination agreement, favored creditor agrees
<br />to lend not to exceed $70,000.00 in accordance with that certain agreement between favored creditor and Alfredo
<br />Ascencion and Blanca E. Ascencion (debtor).
<br />In consideration of favored creditor making aforesaid loan to debtor, subordinating creditor agrees that the
<br />mortgage /deed of trust (hereafter "mortgage ") executed in its favor by debtor on March 29, 2002, and recorded in the
<br />mortgage records of Hall County, State of Nebraska as Instrument No. 0200203765, be subject, inferior, junior, secondary
<br />and subordinate to a mortgage which is executed by debtor in favor of favored creditor as security for the aforesaid loan,
<br />and that said mortgage and debt in favor of favored creditor shall have priority over said mortgage and debt in favor of
<br />subordinating creditor, with respect to the property legally to wit:
<br />SEE ADDENDUM FOR LEGAL DESCRIPTION ATTACHED HERETO AND INCORPORATED HEREIN.
<br />Provided, however, that this agreement to subordinate shall not extend to any advances made by favored creditor after the
<br />date of the loan described above (except that this subordination agreement shall extend to any future advances made for
<br />taxes and insurance to protect favored creditor's interest), and provide d, however, that this Agreement is based upon
<br />favored creditor's representation that subordinating creditor will not be reduced to less than a second mortgage position by
<br />virtue of executing this Agreement.
<br />Wells Fargo Financial Nebraska, Inc.
<br />Subordinating Creditor
<br />BY GC.uP.L�lw
<br />STATE OF IOWA
<br />William F. Mack, Vice President
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<br />ss:
<br />COUNTY OF POLK )
<br />The foregoing instrument was acknowledged before me this October 17, 2002, by William F. Mack, Vice President of
<br />Wells Fargo Financial Nebraska, Inc., a Nebraska corporation, on behalf of the co o tion.
<br />Nota Public
<br />MARTHA A. KENNEBY
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<br />Prepared by and return to:
<br />Deidre A. Messenger for
<br />200304961
<br />Wells Fargo Financial Nebraska, Inc.
<br />2319 N. Webb Rd.
<br />Grand Is1*d�1E 68803
<br />SUBORDINATION AGREEMENT
<br />This agreement made this 17a' day of October, 2002, between Wells Fargo Financial Nebraska, Inc., (hereinafter
<br />referred to as subordinating creditor), and Wells Fargo Home Mortgage, Inc., (hereinafter referred to as Favored creditor),
<br />witnesseth:
<br />That in consideration of subordinating creditor entering into this subordination agreement, favored creditor agrees
<br />to lend not to exceed $70,000.00 in accordance with that certain agreement between favored creditor and Alfredo
<br />Ascencion and Blanca E. Ascencion (debtor).
<br />In consideration of favored creditor making aforesaid loan to debtor, subordinating creditor agrees that the
<br />mortgage /deed of trust (hereafter "mortgage ") executed in its favor by debtor on March 29, 2002, and recorded in the
<br />mortgage records of Hall County, State of Nebraska as Instrument No. 0200203765, be subject, inferior, junior, secondary
<br />and subordinate to a mortgage which is executed by debtor in favor of favored creditor as security for the aforesaid loan,
<br />and that said mortgage and debt in favor of favored creditor shall have priority over said mortgage and debt in favor of
<br />subordinating creditor, with respect to the property legally to wit:
<br />SEE ADDENDUM FOR LEGAL DESCRIPTION ATTACHED HERETO AND INCORPORATED HEREIN.
<br />Provided, however, that this agreement to subordinate shall not extend to any advances made by favored creditor after the
<br />date of the loan described above (except that this subordination agreement shall extend to any future advances made for
<br />taxes and insurance to protect favored creditor's interest), and provide d, however, that this Agreement is based upon
<br />favored creditor's representation that subordinating creditor will not be reduced to less than a second mortgage position by
<br />virtue of executing this Agreement.
<br />Wells Fargo Financial Nebraska, Inc.
<br />Subordinating Creditor
<br />BY GC.uP.L�lw
<br />STATE OF IOWA
<br />William F. Mack, Vice President
<br />) -
<br />ss:
<br />COUNTY OF POLK )
<br />The foregoing instrument was acknowledged before me this October 17, 2002, by William F. Mack, Vice President of
<br />Wells Fargo Financial Nebraska, Inc., a Nebraska corporation, on behalf of the co o tion.
<br />Nota Public
<br />MARTHA A. KENNEBY
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