7
<br />�m
<br />To secure a note in the sum of $28,136.60, dated April 23, 2001, in favor of Wells Fargo Bank Nebraska,
<br />National Association, which Deed of Trust was recorded May 18, 2001, as INSTRUMENT NO.
<br />0200104646, Official Records of Hall county, 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 $150,000.00, 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 1.13
<br />m
<br />C tDir
<br />1 x=
<br />a
<br />r O N
<br />I t \ 2
<br />M
<br />WHEN RECORDED MAIL TO
<br />3 r z
<br />r
<br />O
<br />Wells Fargo Bank, N. A. m N cn
<br />CD
<br />Ann; Subordination Bepartnent
<br />MAC: P6051.013
<br />18700 NW Walker Rd #92 Ul N
<br />O
<br />Z
<br />Beaverton, OR 97006 -2950 rn
<br />O
<br />Loan No, W}oor2nanen -WM 10 SUBORDINATION AGREEMENT Aruuo
<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 August 5, 2002 by WELLS FARGO BANK NEBRASKA,
<br />N.A. (hereinafter referred to as "Beneficiary"), present owner and holder of the Deed of Trust and note
<br />first hereafter described, in favor of WELLS FARGO HOME MORTGAGE, INC., it's successors and /or
<br />assigns (hereinafter referred to as "Lender ");
<br />WITNESSETH
<br />THAT WHEREAS, Steven D Poppe And Paula Poppe, Husband And Wife (hereinafter referred to as
<br />"Owner") did execute a Deed of Trust, dated April 23, 2001 to Wells Fargo Bank Nebraska, National
<br />Association, as Trustee, covering that certain real property described as follows:
<br />LOT 31, AMICK ACRES 4iEST SUADTVISION, HALL COUNTY, NEBRASKA
<br />To secure a note in the sum of $28,136.60, dated April 23, 2001, in favor of Wells Fargo Bank Nebraska,
<br />National Association, which Deed of Trust was recorded May 18, 2001, as INSTRUMENT NO.
<br />0200104646, Official Records of Hall county, 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 $150,000.00, 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 1.13
<br />
|