200605112 - Laserfiche WebLink

Browse

Account Number 301896015 200605112 WHF.N RF('nRfiVfi MAn Tn. Chicago Title H . '6~~ ServiceLink Division (jj - 4000 Industrial Blvd A_~guiRpa, PA_~ 5001_ THE SUBORDINATION IS NOT VALID FOR RECORDING AFTER NINETY (90) DA YS FROM THE DA TE FIRST APPEARING BELOW. ANY CHANGES TO THIS DOCUMENT WITHOUT PRIOR WRITTEN SUBORDINATING LENDER APPROVAL WILL RENDER THIS SUBORDINA TION NULL AND VOID. SPACE ABOVE THIS LINE FOR RECORDER'S USE Subordination Agreement THIS SUBORDINATION AGREEMENT ("Agreement") is made this 12 May, 2006, by JPMORGAN CHASE BANK AS TRUSTEE (OR INDENTURE TRUSTEE) f/k/a THE CHASE MANHATTAN BANK AS TRUSTEE (OR INDENTURE TRUSTEE), RESIDENTIAL FUNDING CORPORATION ATTORNEY IN FACT ("Subordinating Lender"). WHEREAS, Deana Brunk and Brian Brunk ("Borrower"), whether one or more, executed a note in the original principal sum of$ 54,400.00 dated 04/25/2003, secured by a deed of trust or mortgage of even date therewith in favor of FIRST HORIZON DBA MCGUIRE MTGE covering property located at 4105 Manchester, Grand Island, NE 68801, ("Property") recorded on 04/30/2003, as Instrument # 200305367, in Official Records of said County; and WHEREAS, the note and deed of trust or mortgage have been assigned to Subordinating Lender; and WHEREAS, Borrower has executed, or is about to execute, a deed of trust or mortgage and note not to exceed tpe sum of $ 115,129.00 ("New Loan") in favor of 'NAtJl./lriG TlI'" MvWAL-- FJA/IIk, FA ("New Lender"); and.... 7.000 Oxr:oIlD Cm\J.( &'fHfl,.. Inrt/<. I En 1$1 u-z.... WHEREAS, New Lender is willing to make the New Loan provided the deed of trust or mortgage securing same is a lien or charge upon the Property prior and superior to the lien or charge of the deed of trust held by Subordinating Lender, and provided that Subordinating Lender will specifically and unconditionally subordinate its lien to the lien or charge of the deed oftrust or mortgage in favor of New Lender; and WHEREAS, it is to the mutual benefit of the Borrower, New Lender and Subordinating Lender that New Lender make such New Loan to Borrower; and Subordinating Lender is willing that the deed of trust or mortgage securing same shall, when recorded, constitute a lien or charge upon said land which is unconditionally prior and superior to the lien or charge held by Subordinating Lender. NOW, THEREFORE, in consideration of the mutual benefits accruing to the parties hereto and other valuable consideration, the receipt and sufficiency of which is hereby acknowledged, and in order to induce New Lender to make the New Loan, it is hereby declared, understood and agreed as follows: