HomeMy WebLinkAbout917886
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8690031887
WHEN RECORDED MAIL TO:
RECEIVED 4/28/2006 at 3:38 PM
RECEIVING # 917886
BOOK: 618 PAGE: 266
JEANNE WAGNER
LINCOLN COUNTY CLERK, KEMMERER, WY
GMAC Mortgage
500 Enterprise Road
Horsharn, P A 19044
Prepared by: Mamessa Birckett
SUBORDINA TION AGREEMENT
THIS SUBORDINATION AGREEMENT, made April 13, 2006, present owner and holder of the
Mortgage and Note fIrst hereinafter described and hereinafter referred to as Mortgage Electronic
Registration Systems Inc. .
WIT N E SSE T H:
THAT WHEREAS Cecilia A. Blackwood and Paul L. Blackwood, residing at 731 South
Tumerville County Road, Bedford WY 83112, did execute a Mortgage dated 3/27/06 to Mortgage
Electronic Registration Systems Inc. covering:
SEE ATTACHED
To Secure a Note in the sum of$102,000.00 dated 3/27/06 in favor of Mortgage Electronic Registration
Systems Inc., which Mortgage was recorded 4-10-06 as
BOOK 616. PAGE 645. INSTRTTMRNT NO. 917372
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WHEREAS, Owner has executed, or is about to execute, a Mortgage and Note in the sum of
$ 100,000.00 dated 04/21/2006 in favor of GMAC MORTGAGE CORPORATION DBA
DITECH.COM , here in after referred to as "Lender", payable with interest and upon the tenns and
conditions described therein, which mortgage is to be recorded concurrently herewith; and
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WHEREAS, it is a condition precedent to obtaining said loan that Lender's mortgage last above
mentioned shall unconditionally be and remain at all times a lien or charge upon the land herein before
described, prior and superior to the lien or charge of Mortgage Electronic Registration Systems Inc.
mortgage fIrst above mentioned.
NOW THEREFORE, in consideration of the mutual benefits accruing to the parties hereto, and
other valuable consideration, the receipt and sufficiency of which is hereby acknowledged, and in order to
induce Lender to make the loan above referred to, it is hereby declared, understood and agreed as follows:
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0917886
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(l)That said mortgage securing said note in favor of Lender, shall unconditionally be and
remain at all times a lien or charge on the property therein described, prior and superior
to the lien or charge of Mortgage Electronic Registration Systems, Inc. mortgage first
above mentioned, including any and all advances made or to be made under the note
secured by Mortgage Electronic Registration Systems, Inc. mortgage first above
mentioned.
(2)Nothing herein contained shall affect the validity or enforceability of Mortgage
Electronic Registration Systems, Inc.mortgage and lien except for the subordination as
aforesaid.
WITNESSED BY:
By:
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Mortgage Electronic Registration Systems, Inc.
Attest: ~~
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Sean Flanagan
Title: Vice President
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COMMONWEAL TH OF PENNSYL VANIA
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COUNTY OF MONTGOMERY
On '1 , before me Theresa M. D'Andrea, the undersigned, a Notary Public in and for said
Coun and State, personally appeared Mamessa Birckett personally known to me (or proved to me on the
basis of satisfactory evidence) to be the Assistant Secr~tary, and Sean Flanagan personally known to me (or
proved to me on the basis of satisfactory evidence) to be the Vice President of the Corporation that
executed the within instrument, and known to me to be the persons who executed the within instrument on
behalf of the corporation therein named, and acknowledged to me that such corporation executed the same,
pursuant to its bylaws, or a resolution of its Board of Directors.
COMMONWEALTH OF PENNSYLVANIA
Notarial Seal
Theresa M. D'Andrea, Notary Public
Harsham Twp., Montgomery County
My Commission Expires October 14, 2008
Member. Penns'''¡vaniR A~~!'(:ia ion Of Notaries
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0917886
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A portion of the property, as referred to in the Deed recorded in Book 247PR, on Page 635,
with the Office of the Clerk of Lincoln County, Wyoming, within the Northwest Quarter of the
Southwest Quarter of Section 33, Township 34 North, Range 118 West of the 6th P.M., Lincoln
County, Wyoming, the metes and bounds being more particularly described as follows:
BEGINNING at the B.L.M. type Monument marking the Baker Engineers PEILS 698, 1982
location for the Southeast corner of the Northeast Quarter of the Southeast Quarter of
Section 32, said Township 34 North, Range 118 West;
thence North 0°16'46" East, along the East line of said Northeast Quarter ofthe Southeast
Quarter, 226.89 feet to an Aluminum Cap on Rebar marking the Southwest corner of the
Heiner properyy, as referred to in the Deed recorded in Book 429PR on page 345, with
said Office; ,/
thence South 89°05'04" East, along the South line of last said property and the Easterly
prolongation thereof, 375.02 feet to an Aluminum Cap on Iron Pipe;
thence South 0°16'46" West, parallel with said East line, 225.03 feet to an Aluminum Cap on
Iron Pipe marking a point in the North line of the Southwest Quarter ofthe Southwest
Quarter of said Section 33;
thence North 89°22'06" West, along said North line, 375.00 feet, to the POINT OF
BEGINNING.