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200906942
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Last modified
8/21/2009 3:20:24 PM
Creation date
8/21/2009 3:20:24 PM
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DEEDS
Inst Number
200906942
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<br /> C rn sn y. ~, ~ .~.~ <br /> <br /> <br /> <br /> <br />~~ ~ ~ = 4 ~ ~ ~ ~ ~ z <br /> <br /> <br /> <br /> <br /> ~ ~ -a ~ ~ <br />~ <br />...~ <br />~ Z <br />O <br /> ~ ~ Sd <br /> SUBORDINATION AGREEMENT <br />NOTICE: THIS SUBORDINATION AGREEMENT RESULTS IN YOUR SECURITY INTEREST IN THE <br />PROPERTY 6ECOMING SUBJECT TO AND OF LOWER PRIORITY THAN THE LIEN OF SOME <br />OTHER OR LATER SECURITY INSTRUMENT. <br />This Subordination Agreement, made this June 1, 2009 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 Ever Home <br />Mortgage, (hereinafter referred to as "New Lender"), on the other hand. <br />WITNESSETH <br />THAT WHEREAS, Joey F Urbanec And Laura J Urbanec, Husband And Wife, As Joint Tenants <br />(hereinafter referred to as "Owner") did execute a Deed of Trust, dated December 5, 2001 to Wells Fargo <br />Bank Of Nebraska, as Trustee, covering that cerkain 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 $20,000.00, dated December 5, 2001, in favor of Wells Fargo Bank, N. A., <br />which Deed of Trust was recorded December 31, 2001, as INSTRUMENT NO 200113536, Official <br />Records of Hall County. <br />WHEREAS, Owner has executed, or is about to execute, a Deed of Trust or Mortgage (hereinafter <br />referr d to as "New Lender's Security Instrument") and note not to exceed the sum of $127,000.00, dated <br />~ , in favor of Ever Home Mortgage, its successors andlor assigns, payable with <br />in erect and upon the terms and conditions described therein, which New Lender's Security Instrument is <br />to be recorded concurr ntly herewith; and <br />~ ~a Q 17 ~~ as ~~a~w~'r ao . oivogo~os~t <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 />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 />unconditionally subordinate the lien or charge of the Deed of Trust first above mentioned to the lien or <br />charge of the New Lender's Security Instrument in favor of the New Lender; and <br />RECOftpERS MIrM~A: = ~ <br />~ .~ ~ ~ /,H 003003262801500D1 HJ <br />
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