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RECEIVED 3/31/2008 at 2:44 PM
RECEIVING # 937922
BOOK: 690 PAGE: 719
JEANNE WAGNER
LINCOLN COUNTY CLERK, KEMMERER, WY
When recorded return to:
First American Title Insurance
Lenders Advantage
1100 Superior Avenue, Suite 200
Cleveland, Ohio 44114
ATIN: NSS TEAM
GMAC Mortgage, LLC
1100 Virginia Dr.
Fort Washington, PA 19034
Prepared by: Pat Kennard
000779
SUBORDINATION AGREEMENT
THIS SUBORDINATION AGREEMENT, made February 15,2008, 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 Mandy S. Schwab, residing at 148 Circle Dr. Afton, WY 83110, did
execute a Mortgage dated 04/20/07 to Mortgage Electronic Registration Systems, Inc. covering:
SEE A TT ACHED
To Secure a Note in the sum of$ 15,000.00 date 04/ 0/07 in favor of Mortgage Electronic Registration
Systems, Inc., which Mortgage was recorded 05 III t') as 8/( 1.15t3 ?~ 000 ';U,1.- 000 ~73
'7
WHEREAS, Owner has executed, or is about to execute, a Mortgage and Note in the sum of
$ 126,500.00 dated 0)..1 :t,;L \ 0 ~ in favor of GMAC Mortgage, LLC, here in after referred to as
"Lender", payable with interest and upon the terms and conditions described therein, which mortgage is to
be recorded concurrently herewith; and
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:
1111111111111111111111 SCHWAB
14347465 WY
FIRST AMERICAN ELS
SUBORDINATION AGREEMENT
1111111111111111111111111111111111111111111111111111111111
000780
(I)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:
By:
By:
Title: Assistant Secretary
A~st ~.~IM
Title: Vice President
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By:
COMMONWEALTH OF PENNSYLVANIA
:ss
COUNTY OF MONTGOMERY
On J..- /5 -08'" , before me ï(i",·\.7kò.. S CO ff , the undersigned, a Notary Public
in and for said County and State, personally appeared Mamessa Birckett personally known to me (or
proved to me on the basis of satisfactory evidence) to be the Assistant Secretary, and James Callan
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
g\co oration execu he same, pursuant to its bylaws, or a resolution of its Board of Directors.
\¥. TNESS m ha
COMMONWEALTH OF PENNSYLVANIA
Notarial Seal
Tamlka Scott. NotarY Public
Horsham Twp., Montgomery County
My Commission expires Nov. 27. 2010
Member, Pennsylvania AssocIation of Notaries
Form No. 3301 (6/00)
Short Fonn Commitment, EAGLE
SUPER EAGLE
ORDER NO: 5246824
FILE NO: 35933005
LENDER REF: 000687019500
000781.
Exhibit" A"
The land referred to in this policy is situated in the STATE OF WYOMING, COUNTY OF
LINCOLN, CITY OF AFT ON, and described as follows:
LOT 22 OF WESTVIEW VILLAGE SUBDIVISION, LINCOLN COUNTY, WYOMING AS DESCRlBED ON
THE OFFICIAL PLAT THEREOF.
APN # 3118--0630-04-027-00