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Loan No. 003 -003- 2881403 -0001 BT SUBORDINATION AGREEMENT ALBU
<br />2003105J'7
<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 July 14, 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 WELLS FARGO HOME MORTGAGE, INC., it's successors and /or
<br />assigns (hereinafter referred to as "Lender ");
<br />WITNESSETH
<br />THAT WHEREAS, Bruce E. Schreiner And Vicki J. Schreiner, Husband And Wife, As Joint Tenants
<br />(hereinafter referred to as "Owner ") did execute a Deed of Trust, dated October 14, 2002 to Wells Fargo
<br />Bank Nebraska, National 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: 400371154
<br />To secure a note in the sum of $209,000.00, dated October 14, 2002, in favor of Wells Fargo Bank
<br />Nebraska, National Association, which Deed of Trust was recorded November 6, 2002, as DOC. NO.
<br />0200212197, 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 $209,000.00, 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 $303,000.00, dated
<br />R "a. 7, aoa3 in favor of Lender, payable with interest and upon the terms and conditions
<br />desbed 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 />18700 NW Walker Rd #92
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<br />Beaverton, OR 97006 -2950
<br />Loan No. 003 -003- 2881403 -0001 BT SUBORDINATION AGREEMENT ALBU
<br />2003105J'7
<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 July 14, 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 WELLS FARGO HOME MORTGAGE, INC., it's successors and /or
<br />assigns (hereinafter referred to as "Lender ");
<br />WITNESSETH
<br />THAT WHEREAS, Bruce E. Schreiner And Vicki J. Schreiner, Husband And Wife, As Joint Tenants
<br />(hereinafter referred to as "Owner ") did execute a Deed of Trust, dated October 14, 2002 to Wells Fargo
<br />Bank Nebraska, National 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: 400371154
<br />To secure a note in the sum of $209,000.00, dated October 14, 2002, in favor of Wells Fargo Bank
<br />Nebraska, National Association, which Deed of Trust was recorded November 6, 2002, as DOC. NO.
<br />0200212197, 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 $209,000.00, 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 $303,000.00, dated
<br />R "a. 7, aoa3 in favor of Lender, payable with interest and upon the terms and conditions
<br />desbed 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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