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200306137
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Last modified
10/15/2011 10:54:12 PM
Creation date
10/21/2005 5:40:27 PM
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DEEDS
Inst Number
200306137
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WHEN RECORDED MAIL TO <br />Wells Fargo Bank, N. A. <br />Attn: Subordination Department <br />MAC: P6051 -013 <br />18700 NW Walker Rd #92 <br />Beaverton, OR 97006 -2950 <br />200306137 <br />Loan No. 003- 003 - 2492997 -0001 EL SUBORDINATION 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 May 9, 2003 by WELLS FARGO BANK NEBRASKA, N.A. <br />(hereinafter referred to as "Beneficiary"), present owner and holder of the Deed of Trust and note first <br />hereafter described, in favor of BANK OF DONIPHAN, it's successors and /or assigns (hereinafter referred <br />to as "Lender "); <br />WITNESSETH <br />THAT WHEREAS, Gerald A. Huismann And Lisa L. Huismann (hereinafter referred to as "Owner") <br />did execute a Deed of Trust, dated July 11, 1991 to Norwest Bank Nebraska, N. A., as Trustee, covering <br />that certain real property described as follows: <br />THE LEGAL DESCRIPTION IS ATTACHED HERETO AND MADE A PART HEREOF <br />APN: 400082365 <br />To secure a note in the sum of $40,000.00, dated July 11, 1991, in favor of Norwest Bank Nebraska, N.a., <br />which Deed of Trust was recorded July 17, 1991, as INSTR NO 91- 104615, Official Records of Hall <br />county. Through subsequent agreements with the Owner, either recorded or unrecorded, the current <br />borrowing limit for said note has been amended to $40,000.00, 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 $82,000.00, 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 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 />
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