HomeMy WebLinkAbout913715
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RECEIVED 11/15/2005 at 2:00 PM
RECEIVING # 913715
BOOK: 604 PAGE: 784
JEANNE WAGNER
LINCOLN COUNTY CLERK, KEMMERER, WY
Sp¡¡ce ¡¡ho\'e line for reconling purposes,
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6546542763559
SlJßORDINA nON AGREEMENT
NOTICE: This subordination agreement I'esults in your security intcrcst in thc property hecoming suhject to and of lower priority
than the lien of some othcr or later sccurity instrument
This Agreement is made this 13th day of September 2005, by and between 'Veils Fargo
Bank, N.A. a national bank (herein called "Lien Holder"), and 'Veils Fargo Bank, N.A., a
national bank (herein called the "Lender").
RECIT ALS
<' LienHolder is the beneficiary/mortgagee under a deed 0 f trust/mortgage, dated 01/16/04,
executed by JOHN C. ORTON AND EILEEN ORTON, HUSBAND AND 'VIFI~ AS
TENANTS BY THE ENTIRETIES (Ihe "Deblor") which was recorded in the county of
LINCOLN, State of\VYOMING, as 548P,R, Book 136, Page on 02/12/04 (the "Subordinated
Instrument") covering real property loCãtedin A UB URN in the above-named county of
LINCOLN, State of\VYOMING, as more particularly described in the Subordinated
Instrument (the "Property").
PLEASE SEE ATTACHED EXHIBIT "A" (Legal Description)
Lender will make a loan to the Debtor secured by a deed of trust/mortgage on the Property
which will be recorded (the "Lender Instrument"). The Lender Instrumenl will secure a
promissory note/line of credit agreement in the amount of $13685. P-e.c.or- d.ed to/ILj / OS
""I.r. s--\-v-u f¥'\.LM :\F <40'12.L\ ~
Lien Holder has agreed to execute and deliver this Subordination Agreement.
Recording requested by: LSI hepared by:
When recorded return to: Melissa Walls
Custom Recording Solutions 3476 State view Blvd
2550 N. RedhilJ Ave. \t:.!c \I /lS'i Fort Mill, SC 29715
Santa Ana, CA. 92705 "(/1\7'\
800-756-3524 ext. 5011
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ACCORDINGLY, in consideration of the property and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, Lien
Holder hereby agrees with Lender as ft)lIows:
l. Regardless of any priority otherwise avaiLtblc to Lien Holder, the ]jen of the
S"bordinated fnstrument is, shall hl~ and shall remain rully subordinate ror all
purposes to the lien of the Lender Instrument, to the [ull extent oflhe slim secured
by the Lender Instrument, including not only principal and interest on the
principal indebtedness secureclthereby but all other slims secured by the Lender
Instrument, excluding non-obligatory future advances.
2. Lien Holder warrants to Lender Ihat Lien Holder presently owns the Subordinatcll
Instrument and indebtedncss secured thereby, free and dear of all liens, security
interests and encumbrances.
3. This Agreement is made 1l11der the laws of the State oCWY01vIlNG. It cannot be
waived or changed, except by a writing signed by the parties to be bound Ihereby.
This Agreement is made between Lender and Lien Holder. It shall be binding
lIpon Lien ITo]der and the successors and assigns of Lien Holder, and shall inure
to the benefit of, and shall be enforceable by, Lender ancl its successors and
assigns. Neither the Debtor nor any other person (except Lender, its successors
and assigns), shall be entitled to rely on, have the benefit of or enforce this
Agreement.
IN WITNESS WHEREOF, this Subordinalion Agreement is executed on the clay
and year first above staled.
WELLS FARGO BANK, N.A.
NOTICE: This subordination agreement contZJins a
provision which allows the person obligated on your real
property security to obtain a loan a portion of which may be
expended or other purposes than improvement of the land
· W itQ-
J'
y: JVlelissa Williams
Title: Vice President ofToan Documentation
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STATE OF South Carolina)
) SS.
COUNTY OF York)
The foregoing instrument was acknowledged before me this 13th day of September, 2005,
by Melissa Wi11iams, Vice President of Loan Documentation ofWe11s Fargo Bank, N.A.
WITNESS my hand and official seal.
My commission expires: January 9,2012
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Marian W. 11.ff~R~¡\1 W. HUDSON
Notary PUb1i"r,,ÿ\..~.,:.\I,.~. ., 1'1(,), ..f,f..',r-.¡,ì,'"P.L,.,I,B,~I,',J,C",.,
,~ yom, COUNTY, S. c.
My ComrlìiGsio~ E;)~:,~~~:,3~~", '
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Order IDI686333
Loan Number: 708-0054721303
EXHIBIT A
LEGAL DESCRIPTION
THE LAND REFERRED IN TIllS GUARANTEE IS SITUATED IN TIlE STATE OF WYOlvIING, COUNTY OF
LINCOLN, AND IS DESCRIBED AS FOLLOWS:
PART OF SECTION 23, T33N RI19W OF TIlE 6TH P.I\oI., L1NCOLN COUNTY, WYOtvllNG ¡\oIORE
PARTICULARLY DESCRIBED AS FOLLOWS:
BEGINNING AT A POINT 726 fEET NORTH OF TIlE SOUTHEAST CORNER OF THE NW Y. NE Y. Of SAm
SECTION 23 AND RUNNING
TIIl:;NCE NORTH 395 FEET;
THENCE \VEST 128 fEET;
THENCE SOUTH 295 FEET;
THENCE EAST 128, MORE OR LESS, TO THE POINT OF BEGINNING.
ALSO PART OF SECTION 23, T33N, Rl 19W OF TIlE 6 P.I\I, LINCOLN COUNTY, WYOtvIING ¡"lORE
PARTICULARLY DESCRIBED AS FOLLOWS:
BEGINNING AT A POINT 676 FEET NORTII OF TIlE SOUTHEAST CORNΠOF THE NW 'I. NE 'I. OF SAm
SECTION 23 AND RUNNING THENCE NORTH 395 FEET, ALONG TIlE WEST LINE OF THE NE 'I. NE 'I. OF
SAID SECTION 23, TO THE PROJECTION OF TI IE NORTH LJNE OF LAND CONTAINED IN WARRANTY
DEED RECORDED AUGUST 16,1995 lN BOOK 372PR ON PACE 259 OF RECORDS OF LINCOLN COUNTY
CIŒEK;
THENCE EAST 30 FEET, MORE OR LESS, TO THE CENTERLINE OF THE AUBURN FOREST COUNTY
ROAD] 2-139;
THENCE SOUTHERLY 395 FEET, ALONG TIlE CENTERLINE OF SAID COUNTY ROAD, TO TilE
PROJECTION OF THE SOUTHERLY LINE OF LAND CONTAJNED IN WARRANTY DEED IN SAID BOOK
372;
THENCE WEST 30 FEET, IvIORE OR LESS, TO TIlE POINT OF BEGINNING.
COtvlMONL Y KNOWN AS: 641 AUBURN FOREST ROAD, AUBURN, WY 83111
APN: 12-33-19-23-1-00-217-00