HomeMy WebLinkAbout929364
OOOO~2
8601396647
RECEIVED 5/15/2007 at 12:36 PM
RECEIVING # 929364
BOOK: 658 PAGE: 12
JEANNE WAGNER
LINCOLN COUNTY CLERK, KEMMERER, WY
500 Enterprise Road
Horsham, P A 19044
Prepared by: Joe Schrader
Jrl¡;lV~ vi 6·~. ,
~ /7!ð/ f¡/lf?:: ¿ c: C- f2¿-áßf?1 7P <,
Title Source, ir,;"..
, 1450 W. Long Lake Rd.
lV SuIte 400
,J Troy, MI48098
SUBORDINATION AGREEMENT
c:.P-Sl}CO 13
TillS SUBORDINATION AGREEMENT, made January 10,2007, present owner and holder of the
Mortgage and Note fIrst hereinafter described and hereinafter referred to as Mortgage Electronic
Registration Systems Inc. .
WITNE SSE TH:
~2-S53lßb
THAT WHEREAS Steven Shaen Carter, a Single Man, residing at 693 Moonset Ranch,
Bedford, WY 83112, did execute a Mortgage dated 1/30/2006 to Mortgage Electronic Registration
Systems Inc. covering:
SEE ATTACHED
To Secure a Note in the sum of$ 150,000.00 dated 1/30/2006 in favor of Mortgage Electronic
Registration Systems Inc. , which Mortgage was recorded 2/16/2006 as Book 612 Page 478.
WHEREAS Owner has executed, or is about to execute, a Mortgage and Note in the sum of
$ 417,000.00 dated j:.;1.?-J-o () 7 in favor of Mortgage Electronic Registration Systems Inc. as
Nominee for Quicken Loans, Inc., here in after referred to as "Lender", payable with interest and upon the
terms and conditions described therein, which m?rt~a,ge is to be recorded concurrently herewith; and
¿C'oI"d-;,,:;- Cf:..-tJC¡~ (77 (/1~~ ¿;'S-3/8.?J-
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:
OSZ9364
000013
(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:
Mortgage Electronic Registration Systems Inc.,
By: -,:so -~~
Bernard J. Smith
Title: Vice Pre ident
Attest: Û
"'mes allan
r . \1\\\\\1\\11111111/1/1///
Title: /~sslstant Secretary .é"'\\\C REGIS/III~
.~' <0Ç') ......... ,s>1/;~
¡/¿, ....~ORAì¡.···: '0%
~''-i; ·'0'<- .so ". ~ <::
.~ i:;j :'0 ~ ". t1> %
::= : '(". :4:::
COMMONWEALTH OF PENNSYLVANIA I ~ ( 1999 J ~ J
..ss ~ ø ", ,>" $!: $:
~~ ~ . () . .Co:> ~
COUNTY OF MONTGOMERY \~~~""~~~Y'!.~~~:~~
~/. .L ~'
741111. ... \\\,~~
I \ \7 l''''ltll/''IIII\\\''\\~
On ~ O' )[J:i.l. ' before me \.. , the undersigned,
a Notary Public in and for said County and State, personally appe ed Bernard J. Smith personally known
to me (or proved to me on the basis of satisfactory evidence) to be he Vice President, and James Callan
personally known to me (or proved to me on the basis of satisfactory evidence) to be the Assistant
Secretary 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.
WITNESS my hand and official seal.
COMMONWE~ OF PENNSYLVANIA
Notarial Seal
Jarrett Maisey Notary Public
Horsharn Twp., Montgomery County
My Commission Expires July 29, 2009
Member. Pennsylvania Association of Notaries
'Ü~12936l1~
00001.4
Bv:
-A~ss-~
Alyssa Hopponen
Title Officer, Authorized Signatory
Form No. 3301 (6/00)
Short Fonn Commitment, EAGLE
ASP
ORDER NO: 4634634
FILE NO: 31941949
LENDER REF: 3210870607
Exhibit "A"
The land referred to in this policy is situated in the STATE OF WYOMING, COUNTY OF LINCOLN, CITY
OF BEDFORD, and described as follows:
THAT PORTION OF H.E.S 168 LYING IN THE NW 1/2 SE 1/4 OF SECTION 16, T34N, R1l8W, OF THE 6TH P.M,
LINCOLN COUNTY, WYOMING, LOCATED NORTHEAST OF BEDFORD, LINCOLN COUNTY, WYOMING, AND
BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: BEGINNING AT A POINT IN THE WEST LINE OF
SAID H.E.S. 168, SAID POINT BEING N 0° 22' 36"W, 1274.78 FEET FROM THE S 1/4 CORNER OF SAID SECTION
16, AND CORNER NO.2 OF H.E.S. 168; THENCE N 0° 22' 36"W, ALONG SAID WEST LINE, 1355.79 FEET TO
CORNER NO.3; THENCE S89° 34' 33"E, 1296.84 FEET, TO A STONE MARKER FOUND A CORNER NO.4;
THENCE S 0° 13' 13"W, ALONG AN EXISTING FENCE LINE AND THE SOUTHERLY PROLONGATION THEREOF
1546.17 FEET; THENCE WEST 1282.71 FEET TO THE POINT OF BEGINNING.
APN :3418-164-00-153.00