HomeMy WebLinkAbout9512341. ROSEWOOD. CONTRACTORS, <LLC, an Idaho Limited Liability Company, referred to
herein as "Subordinator is ithe ow errand holder of .a Mortgage recorded under Instrument No.
c15122),') on December 2.1 2009, records of Lincoln County, Wyoming.
2. BANK OF JACKSON HOLE, referred to herein as "Lender is the owner and holder of a
Mortgage dated December 16, 2009, executed by :JUSTIN W. ELAM and BONNIE K.
ELAM, husband and wife, in the original amount of,$ 264,:004.00 which is recorded under
Instrument No 95 t 2 3 (the recorder of this Subordination Agreement is hereby
authorized to enter date of the Mortgage, the mount secured by said Mortgage, and the
Instrument No. of said N/Iortgage, at the time of recording of this Subordination Agreement),
records of Lincoln; Bounty oming,'regarding property' described. as:
Lot 20 of Townsite of Bedford, Block 5 Fourth Filing, County of
Lincoln, State of Wyoming, according to the recorded plat thereof.
3. JUSTIN W. ELAM and BONNIE K. ELAM, husband and wife, referred to herein as
"Owner," is the Owner of all the real property described in the Mortgages identified in the above
paragraphs.
4. The Subordinator:does,hereby unconditionally subordinate the Lien of the Mortgage identified
in Paragraph 1 ^above to,the lien, of "Lender's" Mortgage identified in Paragraph 2 above, and all
advances or charges made or accruing thereunder, including: any extension or renewal thereof. It
is agreed that "Subordinator's" Mortgage identified in Paragraph 1 above is, by virtue of such
subordination, second and junior in its position to that Mortgage of "Lender" in Paragraph 2
above.
5. The heirs, administrators, assigns and successors in interest of the "Subordinator" shall be
bound by this agreement.
DATED: This r7 day of December, 2009.
RECEIVED 12/21/2009 at 4:33 PM
RECEIVING 951234
BOOK: 738 PAGE: 747
JEANNE WAGNER
LINCOLN COUNTY CLERK, KEMMERER, WY
STATE OFOY t/A
)ss.
County ofiz-
(SEAL)
SUBORDINATION AGR1 EMENT
,Se L. GODFREY
t4 s hily ?Wok Pato Pat of Navor+a
6.443Gu1 ■1
My wok taw. Jury 25, 201
On this 1/ day of December, 2009, before me, the undersigned, a Notary Public in and for
the said State, personally appeared Laurence B. Reinhart, known to me to be the Manager of the
limited liability company that executed the foregoing instrument and acknowledged to me that
such company executed the same.
No ary Public
Commission Expire
STATE OF IDAHO
COUNTY OF BONNEVILLE
ss.
On December 16, 2009, before me, the undersigned, personally appeared Joseph
Belloff, known or identified to me to be the Manager of the Limited Liability Company
that executed the within instrument, and acknowledged to me that such Company
executed the same.
I';fia
DAHO
w2
00u"748
NOTARY FOR THE STATE OF IDAHO
Commission Expires:
Residing at Idaho Falls, Idaho
My Commission Expires: 01/3012015