|
C
<br />Prepared by '
<br />Wells Fargo Financial Bank, PO Box 5943, Sioux Falls, SD 57117 -5943 for
<br />Wells Fargo Financial Bank
<br />N
<br />m
<br />W
<br />U
<br />= D
<br />C
<br />--1
<br />m C/)
<br />C) _
<br />Z
<br />o
<br />M 8 ••
<br />0 �
<br />\.
<br />s
<br />►�
<br />C
<br />Prepared by '
<br />Wells Fargo Financial Bank, PO Box 5943, Sioux Falls, SD 57117 -5943 for
<br />Wells Fargo Financial Bank
<br />SUBORDINATION AGREEMENT
<br />r
<br />This agreement made this 12th day of November, 2003, between Mortgage Investors Corporation, (hereinafter referred to as
<br />favored creditor), and Wells Fargo Financial Bank (hereinafter referred to as subordinating creditor), witnesseth: C
<br />That in consideration of subordinating creditor entering into this subordination agreement, favored creditor agrees to lend not to
<br />exceed $80,631.00 in accordance with that certain agreement between favored creditor and Richard Farias and Angela R. Farias,
<br />husband and wife (debtor).
<br />In consideration of favored creditor making aforesaid loan to debtor, subordinating creditor agrees that the mortgage /deed of trust
<br />(hereafter "mortgage ") executed in its favor by debtor on November 25, 2002 and recorded in the mortgage records of Hall County,
<br />State of Nebraska as Book , Page , Docket # 200213036, be subject, inferior, junior, secondary and subordinate to a
<br />mortgage which is executed by debtor in favor of favored creditor as security for the aforesaid loan, and that said mortgage and debt
<br />in favor of favored creditor shall have priority over said mortgage and debt in favor of subordinating creditor, with respect to the
<br />property legally to wit:
<br />See Attached "Schedule A"
<br />Provided, however, that this agreement to subordinate shall not extend to any advances made by favored creditor after the date of
<br />the loan described above (except that this subordination agreement shall extend to any future advances made for taxes and
<br />insurance to protect favored creditor's interest), and provided, however, that this Agreement is based upon favored creditor's
<br />representation that subordinating creditor will not be reduced to less than a second mortgage position by virtue of executing this
<br />Agreement.
<br />Wells Fargo Financial Bank
<br />Subordinating Credit
<br />By
<br />Kirby R itz, Ti Offic r
<br />State of South Dakota
<br />County of Minnehaha
<br />The foregoing instrument was acknowledged before me this 12`h day of November, 2003, by Kirby Reitz,
<br />Financial Bank, a South Dakota corporation, on behalf of the cor oration.
<br />4
<br />Notary Pu i
<br />S CINDY RUM s
<br />s S C,
<br />s E NOTARY PUBLIC SE LALA s Return To: n✓
<br />SEAL SOUTH DAKOTA National Closing Solutions
<br />S One Sugar Creek Center Blvd
<br />.I. yrny�fih!ih�i��i�ihhh�hyhhh!�h
<br />My Commission Expires: March 4, 2008 Suite 200
<br />Sugarland, TX 77478
<br />NE- 0936NOWLINE -0803 (BNK) (ROC)
<br />Title Officer of Wells Fargo
<br />N
<br />W
<br />U
<br />C rD
<br />"
<br />--1
<br />N CL
<br />o
<br />0
<br />0 �
<br />oN
<br />L
<br />Vim'
<br />rTi �
<br />=D
<br />p' Cr.J
<br />E.._a
<br />~'
<br />cn
<br />D
<br />C.r7 CD
<br />CJl
<br />Cn
<br />co Z
<br />cn
<br />o
<br />SUBORDINATION AGREEMENT
<br />r
<br />This agreement made this 12th day of November, 2003, between Mortgage Investors Corporation, (hereinafter referred to as
<br />favored creditor), and Wells Fargo Financial Bank (hereinafter referred to as subordinating creditor), witnesseth: C
<br />That in consideration of subordinating creditor entering into this subordination agreement, favored creditor agrees to lend not to
<br />exceed $80,631.00 in accordance with that certain agreement between favored creditor and Richard Farias and Angela R. Farias,
<br />husband and wife (debtor).
<br />In consideration of favored creditor making aforesaid loan to debtor, subordinating creditor agrees that the mortgage /deed of trust
<br />(hereafter "mortgage ") executed in its favor by debtor on November 25, 2002 and recorded in the mortgage records of Hall County,
<br />State of Nebraska as Book , Page , Docket # 200213036, be subject, inferior, junior, secondary and subordinate to a
<br />mortgage which is executed by debtor in favor of favored creditor as security for the aforesaid loan, and that said mortgage and debt
<br />in favor of favored creditor shall have priority over said mortgage and debt in favor of subordinating creditor, with respect to the
<br />property legally to wit:
<br />See Attached "Schedule A"
<br />Provided, however, that this agreement to subordinate shall not extend to any advances made by favored creditor after the date of
<br />the loan described above (except that this subordination agreement shall extend to any future advances made for taxes and
<br />insurance to protect favored creditor's interest), and provided, however, that this Agreement is based upon favored creditor's
<br />representation that subordinating creditor will not be reduced to less than a second mortgage position by virtue of executing this
<br />Agreement.
<br />Wells Fargo Financial Bank
<br />Subordinating Credit
<br />By
<br />Kirby R itz, Ti Offic r
<br />State of South Dakota
<br />County of Minnehaha
<br />The foregoing instrument was acknowledged before me this 12`h day of November, 2003, by Kirby Reitz,
<br />Financial Bank, a South Dakota corporation, on behalf of the cor oration.
<br />4
<br />Notary Pu i
<br />S CINDY RUM s
<br />s S C,
<br />s E NOTARY PUBLIC SE LALA s Return To: n✓
<br />SEAL SOUTH DAKOTA National Closing Solutions
<br />S One Sugar Creek Center Blvd
<br />.I. yrny�fih!ih�i��i�ihhh�hyhhh!�h
<br />My Commission Expires: March 4, 2008 Suite 200
<br />Sugarland, TX 77478
<br />NE- 0936NOWLINE -0803 (BNK) (ROC)
<br />Title Officer of Wells Fargo
<br />
|