HomeMy WebLinkAbout9576866 1 3rO li t
Recording Requested By /Return To:
Wells Fargo
P.O. Box 31557
MAC B6955 -013
Billings, MT 59107 -90900
This Instrument Prepared by:
Wells Fargo
P.O. Box 4149 MAC P6051 -019
Portland, OR 97208 -4149
1- 800 945 -3056
Parcel/UPI 35192410103500
Account Number: XXX- XXX- XXX3600 -1998
Effective Date: 11/12/2010
Owner(s): JON D CALDWELL
MARSHA L CALDWELL
Current Lien Amount: $10,000.00.
Senior Lender: Wells Fargo Bank, N. A.
[Space Above This Line for Recording Data]
Property Address: 19 EVERGREEN DR, THAYNE, WY 83127
RECEIVED 1/18/2011 at 2:28 PM
RECEIVING 957686
BOOK: 761 PAGE: 3
JEANNE WAGNER
LINCOLN COUNTY CLERK, KEMMERER, WY
Reference Number: 7036525587
SUBORDINATION AGREEMENT FOR
MORTGAGE (WITH FUTURE ADVANCE CLAUSE)
O?IOO:3
Subordinating Lender: Wells Fargo Bank, N.A.
If Wells Fargo Bank, N.A. is subordinating to Wells Fargo Bank, N.A., this document is notice that the lien securing
the loan or line of credit serviced by the Wells Fargo Bank Home Equity Group is subordinated to the first lien loan
being originated or modified by the Wells Fargo Home Mortgage Group.
SUBORDINATION ONLY_WY10 -22 -10 Page 1 of 3
0000000000157066
THIS AGREEMENT (the "Agreement effective as of the Effective Date above, is made by and among the
Subordinating Lender, Owners and the Senior Lender named above.
00
JON D. CALDWELL AND MARSHA L. CALDWELL, WHO AQUIRED TITLE AS, JON CALDWELL AND
MARSHA CALDWELL, HUSBAND AND WIFE, AS TENANTS BY THE ENTIRETIES (individually and
collectively the "Owner own the real property located at the above Property Address (the "Property
The Subordinating Lender has an interest in the Property by virtue of a Mortgage (With Future Advance Clause)
(the "Existing Security Instrument given by the Owner, covering that real property, more particularly described as
follows:
See Exhibit A
which document is dated the 4th day of January, 2006, which was filed in Book 610 at page 349 (or as No. 915415)
of the Official Records in the Office of the Recorder of the County of LINCOLN, State of Wyoming. The Existing
Security Instrument secures repayment of a debt evidenced by a note or a line of credit agreement extended to JON
D CALDWELL and MARSHA L CALDWELL (individually and collectively "Borrower by the Subordinating
Lender.
The Senior Lender has agreed to make a new loan or amend an existing loan in the original principal amount NOT
to exceed $207,500.00 (the "New Loan or Amended Loan provided that the New Loan or Amended Loan is
secured by a first lien mortgage on the Property (the "New Security Instrument in favor of the Senior Lender. If
the New Loan or Amended Loan exceeds this amount, the Subordination Agreement is VOID.
The Subordinating Lender is willing to subordinate the lien of the Existing Security Instrument to the lien of the
New Security Instrument under the terms set forth in this Agreement.
NOW, THEREFORE, for and in consideration of the above recitals, the covenants herein contained, and for good
and valuable consideration, the receipt of which is hereby acknowledged, the parties agree as follows:
A. Agreement to Subordinate
Subordinating Lender hereby subordinates the lien of the Existing Security Instrument, and all of its
modifications, extensions and renewals, to the lien of the New Security Instrument. This Agreement is effective
as to any sum whose repayment is presently secured or which may in the future be secured by the Existing
Security Instrument.
B. General Terms and Conditions
Binding Effect This Agreement shall be binding upon and inure to the benefit of the respective heirs, legal
representatives, successors and assigns of the parties hereto and all of those holding title under any of them.
Nonwaiver This Agreement may not be changed or terminated orally. No indulgence, waiver, election or
non election by New Lender or the trustee(s) under the New Security Instrument or related documents shall
affect this Agreement.
Severability The invalidity or unenforceability of any portion of this Agreement shall not affect the
remaining provisions and portions of this Agreement.
C. Signatures and Acknowledgements
The Subordinating Lender, through its authorized officer, has set its hand and seal as of the Effective Date above
unless otherwise indicated.
SUBORDINATION ONLY_WY10 -22 -10 Page 2 of 3
0000000000157066
SUBORDI ATING ENDER:
Wells Farg
B 11/12/2010
(Signature) Date
Barbara Edwards
(Printed Name)
Work Director
(Title)
FOR NOTARIZATION OF LENDER PERSONNEL
STATE OF Oregon
)ss.
COUNTY OF Washington
The foregoing Subordination Agreement was acknowledged before me, a notary public or other official qualified to
administer oaths this 1 7—clay of /00 U -D17 by Barbara Edwards, as Work Director of Wells Fargo
Bank, N.A., the Subordinating Lender, on behalf of said Subordinating Lender pursuant to authority granted by its
Board of Directors. S /he is per _.nally known to me or has produced satisfactory proof of his /her identity.
(Notary Public)
0;x:)005
N
40al OFFICIAL SEAL
REBECCA A. DREY
NOTARY PUBIJC OREGON
COMMISSION NO. 445259
MY COMMISSION EXPIRES JANUARY 02, 2014
SUBORDINATION ONLY_WY10 -22 -10 Page 3 of 3
0000000000157066
Reference Number: 7036525587
Legal Description:
Exhibit A
0
Lot 59 of the AMENDED PLAT OF STAR VALLEY RANCH PLAT 1, Lincoln County, Wyoming, as
shown on the official plat thereof filed January 6, 1971, as Receiving No. 427346, in the Office of the
Clerk, Lincoln County, Wyoming, as Plat No. 174.
Property Legal DescriptionV 1.0 2 -16 Exhibit A
0000000000157066
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