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This Subordination Agreement, made this May 20, 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 PRINCIPLE RESIDENTIAL MORTGAGE INC., it's successors and /or
<br />assigns (hereinafter referred to as "Lender ");
<br />WITNESSETH
<br />THAT WHEREAS, Mark J. Moravec And Judy Kay Moravec Aka Judy K. Moravec, Husband And
<br />Wife (hereinafter referred to as "Owner') did execute a Deed of Trust, dated August 25, 2000 to Wells
<br />Fargo 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: A?�XU (19129A
<br />To secure a note in the sum of $55,000.00, dated August 25, 2000, in favor of Wells Fargo Bank
<br />Nebraska, N. A., which Deed of Trust was recorded September 18, 2000, as DOCUMENT NO.
<br />200007655, Official Records of Hall county. Through subsequent agreements with the Owner, either
<br />recorded or unrecorded, the current borrowing limit for said note has been amended to $69,000.00, 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 $50,196.00, dated
<br />��, in favor of Lender, payable with interest and upon the terms and conditions
<br />describe 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
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<br />Loan No. 003- 003 - 2304619 -0001 AD SUBORDINATION AGREEMENT
<br />ALBUQ
<br />O
<br />NOTICE: THIS SUBORDINATION AGREEMENT RESULTS IN YOUR SECURITY INTEREST IN THE
<br />PROPERTY BECOMING SUBJECT TO AND OF
<br />LOWER PRIORITY THAN
<br />THE
<br />LIEN
<br />OF SOME
<br />OTHER OR LATER SECURITY INSTRUMENT.
<br />This Subordination Agreement, made this May 20, 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 PRINCIPLE RESIDENTIAL MORTGAGE INC., it's successors and /or
<br />assigns (hereinafter referred to as "Lender ");
<br />WITNESSETH
<br />THAT WHEREAS, Mark J. Moravec And Judy Kay Moravec Aka Judy K. Moravec, Husband And
<br />Wife (hereinafter referred to as "Owner') did execute a Deed of Trust, dated August 25, 2000 to Wells
<br />Fargo 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: A?�XU (19129A
<br />To secure a note in the sum of $55,000.00, dated August 25, 2000, in favor of Wells Fargo Bank
<br />Nebraska, N. A., which Deed of Trust was recorded September 18, 2000, as DOCUMENT NO.
<br />200007655, Official Records of Hall county. Through subsequent agreements with the Owner, either
<br />recorded or unrecorded, the current borrowing limit for said note has been amended to $69,000.00, 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 $50,196.00, dated
<br />��, in favor of Lender, payable with interest and upon the terms and conditions
<br />describe 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
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