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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 />-" 6 dXj , 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 conpurre tly 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 />herembefore 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 />P.,.1 013
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<br />18700 NW Walker Rd k92
<br />Beaverton, OR 97006 -2950
<br />200213959 N
<br />I.." „N,, 003-0110- 2453142.0001 nP SUBORDINATION AGREEMENT ni -suc
<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 . (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 />APN: 400159015
<br />To secure a note in the sum of $15,000.00, 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. 2 001 05 54 8,
<br />Official Records of Hall county. Through subsequent agreements with the Owner, either recorded or
<br />unrecorded, the current borrowing limit for said note has been amended to $15,000.00, 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 $73,900.00, dated
<br />-" 6 dXj , 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 conpurre tly 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 />herembefore 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 />P.,.1 013
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