201103585 - Laserfiche WebLink

Browse

.� . , �, r �� .� �201103585 . ,. U.S. DEPARTMENT OF AGRICULTURE OMB NO. 0578-0013 SUBORDINATION AGREEMENT AND LINIITED LIEN WAIVER I. To be completed by NRCS; check appropriate box: 2, AGREEMENT NO.��`�� ❑ 7'his transaction is for CCC ✓� This transaction is for NRCS Subordi atio gree ent and ted Lie Waiver, effective (3• .�� is signed by ^�/� �. � � /i � ' (ind�e person or person signing �s document �party on �e behalf the document is signed )"Subordinating Rarty" who hereby grants, to the extent specified in Part II of this document, the fo owing subordination and limited lien waiver to the United States of America (United States) by and through the Natural Resources Conservation Service or the Commodity Credit Cotporation, as indicated above. The property described below is encumbered with an easement as described in the attached Warranty Easement Deed. This easemen 's ated ' the County (Borough or Pazish) of (5.) �� and State of (Sa. � and is identified as follows: 6. Easement Area. The property encumbered by the Federal easement is described as follows: (Provide a legal description of the land comprising the easement area �or'recordable p1ok �� /�� d � _� C�.�r � �%�%c'i f� ' !�� � � � � � ` ��J . PART I - GENERAL TERMS A. Authority. This Subordination Agreement and Limited Lien Waiver is acquired by the United States under the authority of 7 U.S.0 428a. - � B. Purposes. This Subordination Agreement and Limited Lien Waiver is required by the United States in connection with its acquisition of an easement over the property described above to ensure that the easement area is maintained to promote wetland - functions and values. C. Duration of Easement and this Subordinatiou Agreement and Limited Lien Waiver. The easement and subordination and limited lien waiyer sha.11 continue for the duration of the easement deed. ' PART II - SUBORDINATION AGREEMENT AND LIMITED LIEN WAIVER The Subordinating Party: (l ) subordinates its interest in the property described herein to the easement of the United States for the same property which is conveyed to the United States in the easement; (2) aclrnowledges that the property which contains the easement area is burdened by the right of access granted to the United States in the easement and agrees that this right of access shall be superior to any rights of the Subordinating Party; (3) subordinates its interest in the property to the purposes of the easemgnt and any easement practices adopted pursuant to such ptuposes; and (4) agrees that the United States may make payments in connection with the easement deed without regard to any lien or claim that the Subordinating Pariy may have with respect to any person with an interest in the easement area, unless an assignment of such payment has been made to the Subordinating Party on a form approved by the United States. Former NRCS-LTP-21, CCC-1256 � AD-1158 4-2002