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<br />WHEN RECORDED MAIL TO
<br />Wells Fargo Bank. N. A.
<br />Ann Subordination Department
<br />MAC. P6051 -013
<br />18700 NW Walker Rd #92
<br />Beaverton. OR 97006.2950
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<br />200213655
<br />-,:n,v„ 003.03 - 2446023.0001 AP SUBORDINATION AGREEMENT
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<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 December 4, 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 MAJOR MORTGAGE, it's successors and /or assigns (hereinafter
<br />referred to as "Lender');
<br />WITNESSETH
<br />THAT WHEREAS, Terry Lee Jepson And Lori L. Jepson, Husband And Wife (hereinafter referred to
<br />as "Owner ") did execute a Deed of Trust, dated April 13, 2001 to Wells Fargo Bank Nebraska, National
<br />Association, as Trustee, covering that certain real property described as follows:
<br />THE LEGAL DESCRIPTION IS ATTACHED HERETO AND MADE A PART HEREOF
<br />APIN 400159015
<br />To secure a note in the sum of $30,000.00, dated April 13, 2001, in favor of Wells Fargo Bank Nebraska,
<br />National Association, which Deed of Trust was recorded June 11, 2001, as DOCUMENT NO. 200105550,
<br />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 $73,900.00, dated
<br />l�kmml.rX a do15J 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
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<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 />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 December 4, 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 MAJOR MORTGAGE, it's successors and /or assigns (hereinafter
<br />referred to as "Lender');
<br />WITNESSETH
<br />THAT WHEREAS, Terry Lee Jepson And Lori L. Jepson, Husband And Wife (hereinafter referred to
<br />as "Owner ") did execute a Deed of Trust, dated April 13, 2001 to Wells Fargo Bank Nebraska, National
<br />Association, as Trustee, covering that certain real property described as follows:
<br />THE LEGAL DESCRIPTION IS ATTACHED HERETO AND MADE A PART HEREOF
<br />APIN 400159015
<br />To secure a note in the sum of $30,000.00, dated April 13, 2001, in favor of Wells Fargo Bank Nebraska,
<br />National Association, which Deed of Trust was recorded June 11, 2001, as DOCUMENT NO. 200105550,
<br />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 $73,900.00, dated
<br />l�kmml.rX a do15J 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 />baC ,XC� -0(M
<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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