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HomeMy WebLinkAbout959480After Recording Return To: FIRST INTERSTATE BANK PO BOX 11095 JACKSON, WY 83002 -11095 This Instrument Prepared By: Date: May 25, 2011 [Space Above This Line For Recording Data] Subordination Agreement (Refinance Mortgage) Property (the legal description of the Property under the Junior Mortgage): LOT 98 OF NORDIC RANCHES DIVISION NO. 7, LINCOLN COUNTY, WYOMING ACCORDING TO THAT PLAT FILED MAY 8, 1996 AS INSTRUMENT NO. 819461 PLAT 311E. Property Address: 164 BRIDLE TRAIL ETNA, WY 83118 MAY 20, 2011 JOHN W. EDWARDS AND DAWN EDWARDS Subordinating Lender: FIRST INTERSTATE BANK, Jackson Office Junior Mortgage Date: May 2, 2006 Borrower: JOHN W. EDWARDS AND DAWN EDWARDS Trustee (if applicable): n/a Recording information: RECORDED ON MAY 9, 2006, BOOK 619 PR, PAGE 258 IN THE OFFICE OF THE LINCOLN COUNTY CLERK. New Lender: FIRST INTERSTATE BANK, Jackson Office Refinance Mortgage Date: Borrower: Note Secured by Refinance Mortgage: Dated: MAY 20, 2011 Original principal amount: 202,450.00 Recording information (when available): MULTISTATE SUBORDINATION AGREEMENT (Refinance Mortgage)- Single Family— Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3747 6/09 000415 RECEIVED 5/31/2011 at 11:55 AM RECEIVING 959480 BOOK: 767 PAGE: 415 JEANNE WAGNER LINCOLN COUNTY CLERK, KEMMERER, WY 000416 Subordinating Lender is the owner and holder of the Junior Mortgage and obligations secured by the Junior Mortgage; the Junior Mortgage is a lien on the title to the Property or an interest in that title. For value received and to induce the New Lender to enter into the Refinance Mortgage, Subordinating Lender unconditionally subordinates its lien on, and all other rights and interests in, the title to the Property resulting from the Junior Mortgage to the lien on, and all other rights and interests in, the title to the Property resulting from the Refinance Mortgage. Subordinating Lender agrees that its lien on, and all other rights and interests in, the title to the Property resulting from the Junior Mortgage will remain subordinate to the lien on, and all other rights and interests in, the title to the Property resulting from the Refinance Mortgage regardless of any renewal or extension of the Refinance Mortgage. This Subordination Agreement shall be binding upon the successors and assigns of the Subordinating Lender. When the context requires, singular nouns and pronouns include the plural. Mortgage means mortgage, deed of trust, trust deed or other security instrument. FIRST INK S r, r ender By e Richard Uhl Senior Vice President State of Wyoming County of Teton ss On this day personally appeared before me Richard Uhl known to be Senior Vice President of First Interstate Bank, the corporation described in and who executed the within and foregoing instrument, and acknowledged that he /she signed the same as his /her free and voluntary act and deed, for the uses and purposes therein mentioned. Giv- undo f nd and fi /ea1 this (day) day of mAY 2011. B y PHYLLIS B FISCHER NOTARY PUBLIC Printe. na A Y u STATE OF i TETON WYOMING i [LlS B. SC �'1 e My Co C OUNTY 0 mmission Expires Notar, Pub in and for the State of Wyoming My ommission expires: 02 we 2 O I L MULTISTATE SUBORDINATION AGREEMENT (Refinance Mortgage) Single Family— Fannie Mae /Freddie Mac UNIFORM INSTRUMENT Form 3747 6/09