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201000193
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Last modified
1/8/2010 3:28:40 PM
Creation date
1/8/2010 3:28:40 PM
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DEEDS
Inst Number
201000193
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..~ y <br />^^r~ ~ ~1 <br />~ ~ C <br />~~ ~' <br />~ ~~ <br />~~ <br />~~ <br />r.l ~~ <br />~~ \, <br />W _~ ~• <br />~~ <br />~.^ ~ <br />~"~'~ N <br />h <br /> f7 ~ o Ua ~ <br /> m ~ ~~ ~ ~ rv 1'rl <br /> r._ <br /> t~ 2 ~~ ~ _~' ~-~+ ~ ca ~ <br /> <br /> <br /> <br />]C = <br />C7 i ;~ rn <br />CT7 <br />~ _ <br />Z <br /> ~ ~~ 1_'" *7 , ~ <br /> Y'r1 ~ <br />~ <br /> ~ U7 ~^.~ C <br /> rv <br /> " ~° m <br /> W w <br /> c ~ z <br /> <br /> Q <br />SUBORDINATION AGREEMENT <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 />OT EA~R-yyOR LATER SEC/U~RITY INSTRUMENT. <br />(-7~75~ l~tC pwC~I ('dye G!/V /'~~~ [.f/i~i .c~~ Q ~ ~ryS ~f <br />This Subordination Agreement, made this November 6, 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 Wells Fargo Bank, <br />N. A., (hereinafter referred to as "New Lender"), on the other hand. <br />WITNESSETH <br />THAT WHEREAS, David M. Swantek, And Suzanne R. Swantek, Husband And Wife (hereinafter <br />referred to as'"Owner") did execute a Deed of Trust, dated April 8, 2005 to Wells Fargo Financial National <br />Bank, 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 $39,000.00, dated April 8, 2005, in favor of Wells Fargo Bank, N. A., which <br />Deed of Trust was recorded April 18, 2005, as INSTRUMENT NO 0200503420, Of>'ICial Records of Hall <br />Caunty. <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 $143,534.00, dated <br />I O 2fJ~' , 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 retarded concurrently herewith; and <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 />~Q.SD <br />
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