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I� WHEN RECORDED MAIL TO Wells Fargo Bank, N. A. Attn: Subordination Department MAC: P6051 -013 18700 NW Walker Rd #92 Beaverton. OR 97006 -2950 Loan No. 003 -003- 2805316 -0001 1B SUBORDINATION AGREEMENT c> cr, C> —+ C> r � r n x n Cn Cn ALBUQ NOTICE: THIS SUBORDINATION AGREEMENT RESULTS IN YOUR SECURITY INTEREST IN THE PROPERTY BECOMING SUBJECT TO AND OF LOWER PRIORITY THAN THE LIEN OF SOME OTHER OR LATER SECURITY INSTRUMENT. This Subordination Agreement, made this July 11, 2003 by WELLS FARGO BANK NEBRASKA, N.A. (hereinafter referred to as "Beneficiary"), present owner and holder of the Deed of Trust and note first hereafter described, in favor of WELLS FARGO HOME MORTGAGE, INC., it's successors and /or assigns (hereinafter referred to as "Lender "); WITNESSETH THAT WHEREAS, Timothy L. Salter And Terri D. Salter, Husband And Wife, As Joint Tenants (hereinafter referred to as "Owner ") did execute a Deed of Trust, dated July 11, 2002 to Wells Fargo Bank Nebraska, National Association, as Trustee, covering that certain real property described as follows: THE LEGAL DESCRIPTION IS ATTACHED HERETO AND MADE A PART HEREOF APN: 400092913 To secure a note in the sum of $25,500.00, dated July 11, 2002, in favor of Wells Fargo Bank Nebraska, National Association, which Deed of Trust was recorded August 12, 2002, as 0200208388, Official Records of Hall county. Through subsequent agreements with the Owner, either recorded or unrecorded, the current borrowing limit for said note has been amended to $25,500.00, and WHEREAS, Owner has executed, or is about to execute, a Deed of Trust or Mortgage (hereinafter referred to as "Lender's Security Instrument ") and note not to exceed the sum of $98,000.00, dated I- 3o - 03 , in favor of Lender, payable with interest and upon the terms and conditions described therein, which Lender's Security Instrument is to be recorded concurrently herewith; and WHEREAS, It is a condition precedent to obtaining said loan that said Lender's Security Instrument last above mentioned shall unconditionally be and remain at all times a lien or charge upon the land hereinbefore described, prior and superior to the lien or charge of the Deed of Trust first mentioned, Owner has requested Beneficiary to subordinate Beneficiary's lien to the lien about to be taken by the Lender; and WHEREAS, Lender is willing to make said loan provided the Lender's Security Instrument securing the same is a lien or charge upon the above described property prior and superior to the lien or charge of the Deed of Trust first above mentioned and provided that Beneficiary will specifically and unconditionally subordinate the lien or charge of the Deed of Trust first above mentioned to the lien or charge of the Lender's Security Instrument in favor of the Lender; and Page 1 of 3 o N CD C::) CD O. O n W N CD o -� rV 2 C73 CD CO r+ z O �o rtt n n c = a 'z .- . rn �_ t ;� y o M -n c3 P Z3 s Loan No. 003 -003- 2805316 -0001 1B SUBORDINATION AGREEMENT c> cr, C> —+ C> r � r n x n Cn Cn ALBUQ NOTICE: THIS SUBORDINATION AGREEMENT RESULTS IN YOUR SECURITY INTEREST IN THE PROPERTY BECOMING SUBJECT TO AND OF LOWER PRIORITY THAN THE LIEN OF SOME OTHER OR LATER SECURITY INSTRUMENT. This Subordination Agreement, made this July 11, 2003 by WELLS FARGO BANK NEBRASKA, N.A. (hereinafter referred to as "Beneficiary"), present owner and holder of the Deed of Trust and note first hereafter described, in favor of WELLS FARGO HOME MORTGAGE, INC., it's successors and /or assigns (hereinafter referred to as "Lender "); WITNESSETH THAT WHEREAS, Timothy L. Salter And Terri D. Salter, Husband And Wife, As Joint Tenants (hereinafter referred to as "Owner ") did execute a Deed of Trust, dated July 11, 2002 to Wells Fargo Bank Nebraska, National Association, as Trustee, covering that certain real property described as follows: THE LEGAL DESCRIPTION IS ATTACHED HERETO AND MADE A PART HEREOF APN: 400092913 To secure a note in the sum of $25,500.00, dated July 11, 2002, in favor of Wells Fargo Bank Nebraska, National Association, which Deed of Trust was recorded August 12, 2002, as 0200208388, Official Records of Hall county. Through subsequent agreements with the Owner, either recorded or unrecorded, the current borrowing limit for said note has been amended to $25,500.00, and WHEREAS, Owner has executed, or is about to execute, a Deed of Trust or Mortgage (hereinafter referred to as "Lender's Security Instrument ") and note not to exceed the sum of $98,000.00, dated I- 3o - 03 , in favor of Lender, payable with interest and upon the terms and conditions described therein, which Lender's Security Instrument is to be recorded concurrently herewith; and WHEREAS, It is a condition precedent to obtaining said loan that said Lender's Security Instrument last above mentioned shall unconditionally be and remain at all times a lien or charge upon the land hereinbefore described, prior and superior to the lien or charge of the Deed of Trust first mentioned, Owner has requested Beneficiary to subordinate Beneficiary's lien to the lien about to be taken by the Lender; and WHEREAS, Lender is willing to make said loan provided the Lender's Security Instrument securing the same is a lien or charge upon the above described property prior and superior to the lien or charge of the Deed of Trust first above mentioned and provided that Beneficiary will specifically and unconditionally subordinate the lien or charge of the Deed of Trust first above mentioned to the lien or charge of the Lender's Security Instrument in favor of the Lender; and Page 1 of 3 o N CD C::) CD O. O n W N CD o -� rV 2 C73 CD CO r+ z O