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SUBORDINATION AGREEMENT
WHEN RECORDED MAIL TO: SPACE ABOVE FOR RECORDERS USE
MSN SV -79/ DOCUMENT CONTROL DEPT.
P.O. BOX 10266
VAN NUYS CALIFORNIA 91410 -0266
LOAN 174116379
ESCROW /CLOSING 217777190
NOTICE: THIS SUBORDINATION AGREEMENT RESULTS IN YOUR SECURITY INTEREST IN THE
PROPERTY BECOMING SUBJECT TO AND OF LOWER PRIORITY THAN THE LIEN OF
SOME OTHER OR LATER SECURITY INSTRUMENT.
SUBORDINATION AGREEMENT
RECEIVED 6/14/2010 at 3:19 PM
RECEIVING 953963
BOOK: 749 PAGE: 89
JEANNE WAGNER
LINCOLN COUNTY CLERK, KEMMERER, WY
WHEREAS, SCOTT THOMAS and RALAINE THOMAS executed and delivered to
Subordinated Lienholder, a Deed of Trust/Mortgage (the "Existing and Continuing Security
Instrument in the sum of $43000.00 dated 11/09/2007 and recorded in Book Volume 679, Page_
73 -77, as Instrument No. 934955, in the records of LINCOLN County, State of WY, as security for a
loan (the "Existing and Continuing Loan which Existing and Continuing Security Instrument is a
089
THIS SUBORDINATION AGREEMENT is made this Thirteenth day of November, 2009, by
MORTGAGE ELECTRONIC REGISTRATION SYSTEMS, Inc. "MERS as nominee for BANK OF
JACKSON HOLE its successors and /or its assigns to BANK OF AMERICA, N.A., its successor
merger to Countrywide Bank F.S.B. "Subordinated Lienholder with a place of business at P.O.
BOX 2026, FLINT, MI 48501 -2026.
valid and existing lien' on the real property located at 340 SADDLE DRIVE, ETNA, WY 83118 and
further described on Exhibit "A," attached.
WHEREAS, SCOTT THOMAS and RALAINE THOMAS "Borrower executed and delivered
to Bank of America, N.A. "Lender a deed of trust/mortgage in the principal amount not to exceed
$236200.00, which deed of trust/mortgage (the "New Security Instrument is intended-to-be-recorded
herewith-in the records of LINCOLN County, State of WY as security for a loan (the "New Loan
"P-,e(or'a J (,,2- /6 -10o 9, 13k 73 glow rtSte tt 9,5 //3
WHEREAS, it is a condition precedent to obtaining the New Loan that the lien of the New Loan
shall unconditionally be and remain at all times a lien or charge upon the land hereinbefore described,
prior and superior to the lien of the Existing and Continuing Loan; and
WHEREAS, Lender is willing to make said loan provided the lien securing the New Loan is a lien
or charge upon the described property prior and superior to the lien of the Existing and Continuing Loan
and provided that Subordinating Lender will specifically and unconditionally subordinate the lien of the
Existing and Continuing Loan to the lien of the New Loan; and
WHEREAS, it is to the mutual benefit of the parties hereto that Lender make such a loan to
Borrower; and Subordinating Lender is willing that the lien securing the New Loan shall, when recorded,
constitute a lien or charge upon said land which is unconditionally prior and superior to the lien securing
the Existing and Continuing Loan.
NOW, THEREFORE, in consideration of the mutual benefits accruing to the parties hereto and
other valuable consideration, the receipt and sufficiency of which consideration 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:
(1) That the New Security Instrument, and any renewals or extensions thereof, shall
unconditionally be and remain at all times a lien or charge on the property therein described, prior
and superior to the Existing and Continuing Security Instrument.
(2) That Lender would not make the New Loan without this subordination agreement.
(3) That this agreement shall be the whole and only agreement with regard to the
subordination of the Existing and Continuing Security Instrument to the New Security Instrument
and shall supersede and cancel, but only insofar as would affect the priority between the security
instruments hereinbefore specifically described, any prior agreements as to such subordination
including, but not limited to, those provisions, if any, contained in the Existing and Continuing
Security Instrument above mentioned, which provide for the subordination of the lien to another
security instrument, deed of trust or mortgage.
Subordinating Lender declares, agrees and acknowledges that
(a) It consents to and approves (i) all provision of the note and New Security Instrument in
favor of Lender above referred to, and (ii) all agreements, including but not limited to any loan or
escrow agreements, between Borrower and Lender for the disbursement of the proceeds of the
New Loan;
(b) Lender making disbursements pursuant to any such agreement is under no obligation
or duty to, nor has Lender represented that it will, see to the application of such proceeds by the
person or persons to whom Lender disburses such proceeds and any application or use of such
proceeds for purposes other than those provided for in such agreement or agreements shall not
defeat the subordination herein made in whole or in part; and
(c) It intentionally and unconditionally waives, relinquishes and subordinates the lien of the
Existing and Continuing Security Instrument in favor of the lien or charge upon said land of the
,New Security Instrument and understands that in reliance upon, and in consideration of, this
waiver, relinquish and subordinate specific loans and advances are being and will be made and,
as part and parcel thereof, specific monetary and other obligations are being and will be entered
into which would not be made or entered into but for said reliance upon this waiver,
relinquishment and subordination.
NOTICE: THIS SUBORDINATION AGREEMENT CONTAINS A PROVISION WHICH ALLOW
THE PERSON OBLIGATED ON YOUR REAL PROPERTY SECURITY TO OBTAIN A LOAN A
PORTION OF WHICH MAY BE EXPENDED FOR OTHER PURPOSES THAN IMPROVEMENT
OF THE LAND.
MO'TGAGE E
J KSON HO
ywide B
William Frank
ede "s, Vice President
STEM Inc. "MERS as nominee for BANK OF
OF AMERICA, N.A., its successor merger to
:`091
Acknowledgement
STA 1 B OF CALIFORNIA
COUNTY OF
On ki O
t 20 D0
Before Me, ILt fUQ dl! t A Notary Public
Personally Appeared WILIAM FRANK SCITNADERS,
VICE PRESIDENT OF BANK OF AMERICA, N.A.
Who proved to me on the basis of satisfactoi y evidence to be the person(s) whose
name(s) is /are subscribed to the within instiirnient and acknowledged to me that
he /she/they executed the same in his /her /their authorized capacity(ies), and that by
his/her /their signature(s) on the instrument the person(s), or the entity upon behalf of
which the person(S) acted, executed the instrument.
I certify under PENALTY OF PERJURY under the laws of the State of California
that the foregoing paragraph is true and correct.
AMBER FOUNTAINE
Commission 1783120
Notary Public California z
Los Angeles County
MYCamm. Bcptes Dec30,2011
(This area for notarial seal)
092
CHICAGO TITLE INSURANCE COMPANY AS ISSUING AGENT 1 -800- 943 -1196
LEGAL DESCRIPTION
EXHIBIT "A"
THE LAND REFERRED TO HEREIN BELOW IS SITUATED IN THE COUNTY OF Lincoln, STATE OF
Wyoming, AND IS DESCRIBED AS FOLLOWS:
LOT 37 OF NORDIC RANCHES DIVISION NO. 3, LINCOLN COUNTY, WYOMING, ACCORDING TO THAT
PLAT FILED APRIL 6, 1993 AS PLAT NO. 311 -B.
Parcel ID: 12-3619-26-4-00-168.00
Commonly known as 340 Saddle Drive, Etna, WY 83118
However, by showing this address no additional coverage is provided
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Title No LOC- 7652764
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*U0 287557*
1481 5/17/2010 76387855/1
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