|
<br /> ~ ~ n n .-..:>
<br /> ~ :x: l;; C:-....Ji 0(/1
<br /> <=::>
<br /> ." m "- ~ o -I
<br /> Q/\ c n :J: ,...::t;l. c: ]>
<br /> Z ~.-
<br /> n jll'Il; ::u ~, ::0 z-l
<br /> :c E c m~ :z -Inl
<br /> m ~ G ~'- -<0
<br />N ~ , ~
<br />n 0 0"'"
<br />is :x: N
<br />;:JIll; .,., ""'z
<br />is U
<br />---J 0 ::r: r11
<br />is m I\~ ::n J> ell
<br />is ~ m t ::3 r Xl
<br />W 0 'J>
<br />is CP (I)
<br />co ll\ to ^
<br /> P-
<br /> O ---
<br /> J--' en
<br /> (I)
<br />
<br />
<br />
<br />SUBORDINATION AGREEMENT
<br />
<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 />
<br />This Subordination Agreement, made this January 8, 2007 by Wells Fargo Bank, N. A, who is the
<br />present owner and holder of the Deed of Trust first hereinafter described below as well as the promissory
<br />note secured by the same, (hereinafter referred to as the "Lender"), on one hand and Wells Fargo Bank,
<br />N. A, (hereinafter referred to as "New Lender"), on the other hand.
<br />
<br />WITNESSETH
<br />
<br />THAT WHEREAS, Mark E 0 Malley And Janet 0 Malley, Husband And Wife, As Joint Tenants, With
<br />Rights Of Survivorship And Not As Tenants In Common (hereinafter referred to as "Owner") did execute a
<br />Deed of Trust, dated April 15, 2006 to Wells Fargo Financial National Bank, as Trustee, covering that
<br />certain real property described as follows:
<br />
<br />THE LEGAL DESCRIPTION IS ATTACHED HERETO AND MADE A PART HEREOF
<br />APN: 400185989
<br />
<br />To secure a note in the sum of $64,331.00, dated April 15, 2006, in favor of Wells Fargo Bank, N. A,
<br />which Deed of Trust was recorded May 9,2006, as INSTRUMENT NUMBER 0200604093, Official
<br />Records of Hall County.
<br />
<br />WHEREAS, Owner has executed, or is about to execute, a Deed of Trust or Mortgage (hereinafter
<br />referred to as "New Lender's Security Instrument") and note not to exceed the sum of $86,263.00, dated
<br />~....4;,lIlY ~ ~ in favor of Wells Fargo Bank, N. A, its successors and/or assigns, payable with
<br />interest and upon the terms and conditions described therein, which New Lender's Security Instrument is
<br />to be recorded concurrently herewith; and as Ins trumen t No. 200611560; and
<br />
<br />WHEREAS, It is a condition precedent to obtaining said loan that said New Lender's Security
<br />Instrument last above mentioned shall unconditionally be and remain at all times a lien or charge upon
<br />the land hereinbefore described, prior and superior to the lien or charge of the Deed of Trust first
<br />mentioned. Owner has requested Lender to subordinate their lien to the lien about to be taken by the New
<br />Lender; and
<br />
<br />WHEREAS, New Lender is willing to make said loan provided the New Lender's Security Instrument
<br />securing the same is a lien or charge upon the above described property prior and superior to the lien or
<br />charge of the Deed of Trust first above mentioned and provided that Lender will specifically and
<br />
<br />65065014150740001 RH
<br />
<br />Lo4d~q~
<br />
<br />~I
<br />~?:
<br />i
<br />i
<br />z
<br />o
<br />
<br />c:::>
<br />o
<br />w
<br />a
<br />co
<br />
<br />~_.,
<br />C/
<br />~"
<br />,-,
<br />
|