HomeMy WebLinkAbout949714WHEN RECORDED, RETURN TO:
EQU=LOANSERVICES
1100 SUPERIOR AVENUE, SUITE 200
CLEVELAND, OHIO 44114
NATIONAL RECORDING - TF•AM2
Accommodation Recording Per ClientRequest
GMAC Mortgage, LLC
1100 Virginia Dr.
Fort Washington, PA 19034
Prepared by: Kim Johnson
I l V I(D( SUBORDINATION AGREEMENT
AC" - G30
THIS SUBORDINATION AGREEMENT, made July 21, 2009, present owner and holder of the
Mortgage and Note first hereinafter described and hereinafter referred to as Mortgage Electronic
Registration Systems, Inc..
WITNESSETH:
THAT WHEREAS John Demello, residing at 91 Evergreen Dr. Thayne Wy. 83127, did execute
i. a Mortgage dated 1/25/07 to Mortgage Electronic Registration Systems, Inc. covering:
SEE ATTACHED
To Secure a Note in the sum of $ 22,000.00 dated 1/25/07 in favor of o tgage Electronic Registration
Systems, Inc., which Mortgage was recorded v7 as
WHEREAS wner has executed, or is about to execute, a Mortgage and Note in the sum of
$ 409,300.00 dated 21p in favor of Ally Bank Corp, 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:
RECEIVED 9/25/2009 at 2:58 PM
RECEIVING # 949714
BOOK: 732 PAGE: 630
JEANNE WAGNER
LINCOLN COUNTY CLERK, KEMMERER, WY
(1)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:
ackso
By:
~Johnson
By:
By:
Mortgage Electronic Registration Systems, Inc.
COMMONWEALTH OF PENNSYLVANIA
COUNTY OF MONTGOMERY
By:
Linda Walton
Title: Vice Pr i nt
Attes .
ra ieffe
Title: Assistant Secretary REGIS
"oF(ATFS • l0
w . •~O ~r' 1
=_cWn: 199 M
.03
:ss 0,
On ! , before me Tamika Scott, the undersigned, a Notary Public in and for said
County nd State, personally appeared Linda Walton personally known to me (or proved to me on the
basis of satisfactory evidence) to be the Vice President, and Debra Chieffe 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
Zalf of the corporation therein named, and acknowledged to me that such corporation executed the same,
uant to its bylaws, or a resolution of its Board of Directors.
my i4pd'and official seal.
Kit crt7
COMMONWEF±U H O PENNSYLVANIA
Notarial Seal
Tamika Scott, Notary Public
Horsham Twp- NION,901Mary Cour4
My Commis icar, i fus Nov. 27, 201 f;
Member, Pennsylvanip, As: icia.tian of Nclzdl is
Form No. 3301 (6/00)
Short Form Commitment, EAGLE
SUPER EAGLE
ORDER NO: 6118169
FILE NO: 6010918127
LENDER REF: 000687292322
JG 632
Exhibit "A"
The land referred to in this policy is situated in the STATE OF WYOMING, COUNTY OF
LINCOLN, CITY OF THAYNE, and described as follows:
Lot 57 of Amended Plat Of Star Valley Ranch Plat 1, Lincoln County, Wyoming as
described on the official plat filed on January 6, 1971 as Instrument No. 427346 of the
records of the Lincoln County Clerk
~ 'I 2slq -a
1'11114 Tr JJ11-vl-VJ J.VV
illlllllllllllllllllll DEMELLO
41170873 WY
FIRST AMERICAN ELS
SUBORDINATION AGREEMENT
11111111111111111111111111111111111111 IN 111111111 IN 111111