HomeMy WebLinkAbout952242AFTER RECORDING, RETURN TO:
HSBC
CAPTURE CENTER IMAGING
2929 WALDEN AVE
DEPEW, NY 14043
RECEIVED 2/18/2010 at 4:37 PM
RECEIVING 952242
BOOK: 742 PAGE: 722
JEANNE WAGNER
LINCOLN COUNTY CLERK, KEMMERER, WY
SUBORDINATION AGREEMENT
CROSS REFERENCES:
Security Instrument at
Deed Book 649 Page 3/7
Freedom Mortgage Corporation
Security Instrument at
Deed Book 712 Page 4LI 7
WHEREAS the undersigned Beneficial Wyoming, Inc (the "Original Lender is the holder of a certain
Mortgage (the "Security Instrument executed by Timothy M. Larimer and Trisha Larimer, dated August
2, 2007, to secure a note to Original Lender in the amount of $25,789.18, said instrument encumbering certain
property located at 170 Mahogany Thayne, WY 83127, Lincoln County, WY "the Property and being
more particularly described on "Exhibit A" attached hereto; and
WHEREAS the Original Lender Security Instrument was recorded by the Recorders office, Lincoln
County, WY, on August 20, 2007 in Entry No. 932290, Book 669, Page 317,; and
WHEREAS the Property is also encumbered by that certain Security Instrument held by Freedom
Mortgage Corporation and its successors and assigns (the "Freedom Mortgage Corporation Security
Instrument executed by Timothy M. Larimer and Trisha Larimer, dated (TAN. Zg 2 to secure a note
to Freedom Mortgage Corporation in the amount not to exceed $195,500.00, said instrument also
encumbering the Property; and
WHEREAS the Freedom Mortgage Corporation Security Instrument was recorded by the Recorders
Office, Lincoln County, WY, on 2 /212,Ip [date], in Deed Book 742., Page 1 017 and
WHEREAS Original Lender and Freedom Mortgage Corporation desire to establish Freedom
Mortgage Corporation 's position as first priority lienholder on the Property, with full security interest, and
the undersigned agrees that the Original Lender Security Instrument is, shall be, and is hereby made, subject and
subordinate to the Freedom Mortgage Corporation Security Instrument, but, shall not be subordinate to any
future advances taken under the Freedom Mortgage Corporation Security Instrument, except those corporate
advances expressly permitted in the Freedom Mortgage Corporation Security Instrument;
THEREFORE, in consideration of Ten Dollars ($10.00) in hand paid to the undersigned, the
undersigned hereby subordinates all right, title, and interest of the undersigned under the Original Lender
Security Instrument to the right, title, and interest of Freedom Mortgage Corporation under the Freedom
Mortgage Corporation Security Instrument, but, shall not be subordinate to any future advances taken under
the Freedom Mortgage Corporation Security Instrument, except those corporate advances expressly permitted
in the Freedom Mortgage Corporation Security Instrument. This subordination agreement shall be binding
upon the successors and assigns of the undersigned and shall operate to the benefit of the holder of the
Freedom Mortgage Corporation Security Deed and the successors and assigns thereof and of any purchaser at
any foreclosure sale thereunder and shall apply with like force and effect to any renewal thereof.
WITNESS the hand and seal of the undersigned, this _31_ day of _December 2009
Beneficial Wyoming, Inc
By: _Thomas D. Thomas_
Its: VICE PRESIDENT Administrative Services Division
Signed, sealed and delivered
in the presence of
7 1./ _A.
io I
El
tant S cretary Administrative Services Division
er Bilbrey
State of Illinois
County of _Dupage_
I, _Barbara A. Laing_, a Notary Public in and for the State of _Illinois_ and
certify that _Thomas D. Thomas and Jennifer Bilbrey personally appeared
acknowledged that _they_ are the _Vice President and Assistant Secretary_
a Corporation, and that _they_ as Vice President and Assistant Secretary_
executed the foregoing on behalf of the Corporation.
Witness m
My commission expires: _10/1/2011_
Seal:
and notari ,1 al, the the 31 day of December 2009.
tary Public- Barbara A. Lain,
OFFICIAL SEAL
BARBARA A LAING
NOTARY PUBLIC STATE OF ILLINOIS
MY COMMISSION EXPIRES:10 /01/11
eoi :i4 23
County of _Dupage_, do hereby
before me this day and
of Beneficial Wyoming, Inc
being authorized to do so,
"EXHIBIT A"
Lot 11 of Star Valley Ranch Plat 3, Lincoln County, Wyoming as described on the official plat filed on March 3, 1971 as
Instrument No, 428885 of the records of the Lincoln County Clerk.
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