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Loan No. 003- 003 - 2444895 -0001 GB SUBORDINATION AGREEMENT ALBUQ
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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 April 15, 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 PRINCIPAL RESIDENTIAL MORTGAGE, INC., it's successors and /or
<br />assigns (hereinafter referred to as "Lender ");
<br />WITNESSETH
<br />THAT WHEREAS, Scott Woodward Aka Scott M. Woodward And Teri M.Woodward, Husband And
<br />Wife (hereinafter referred to as "Owner ") did execute a Deed of Trust, dated April 23, 2001 to Wells Fargo
<br />Bank Nebraska, N. A., as Trustee, covering that certain real property described as follows:
<br />THE LEGAL DESCRIPTION IS ATTACHED HERETO AND MADE A PART HEREOF
<br />APN:
<br />To secure a note in the sum of $22,010.78, dated April 23, 2001, in favor of Wells Fargo Bank Nebraska,
<br />N. A., which Deed of Trust was recorded May 21, 2001, as DOCUMENT NO. 2001 - 04725, Official
<br />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 $61,160.00, dated
<br />- aj y; 3t" k, 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 of 3
<br />RETURN TO (NLS):
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<br />NATIONS TITLE AGENCY INC.
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<br />18700 NW Walker Rd #92
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<br />Loan No. 003- 003 - 2444895 -0001 GB SUBORDINATION AGREEMENT ALBUQ
<br />0 3NL i 3 6 .} �-(
<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 April 15, 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 PRINCIPAL RESIDENTIAL MORTGAGE, INC., it's successors and /or
<br />assigns (hereinafter referred to as "Lender ");
<br />WITNESSETH
<br />THAT WHEREAS, Scott Woodward Aka Scott M. Woodward And Teri M.Woodward, Husband And
<br />Wife (hereinafter referred to as "Owner ") did execute a Deed of Trust, dated April 23, 2001 to Wells Fargo
<br />Bank Nebraska, N. A., as Trustee, covering that certain real property described as follows:
<br />THE LEGAL DESCRIPTION IS ATTACHED HERETO AND MADE A PART HEREOF
<br />APN:
<br />To secure a note in the sum of $22,010.78, dated April 23, 2001, in favor of Wells Fargo Bank Nebraska,
<br />N. A., which Deed of Trust was recorded May 21, 2001, as DOCUMENT NO. 2001 - 04725, Official
<br />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 $61,160.00, dated
<br />- aj y; 3t" k, 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 of 3
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