HomeMy WebLinkAbout9600156011119964
Recording Requested By/Return To:
Wells Fargo
P.O. Box 31557
MAC B6955 -013
Billings, MT 59107 -9900
This Instrument Prepared by:
Wells Fargo
P.O. Box 4149 MAC P6051 -019
Portland, OR 97208 -4149
1- 800 945 -3056
Parcel/UPI 3218183 0006400
Account Number: XXX- XXX- XXX4000 -1998
Effective Date: 6/7/2011
Owner(s): CHAD V JENSEN
KIM H JENSEN
Current Lien Amount: $20,000.00.
[Space Above This Line for Recording Data]
Property Address: 333 TWIN CLIFFS RD, AFTON, WY 83110 -0000
RECEIVED 7/11/2011 at 2:22 PM
RECEIVING 960015
BOOK: 769 PAGE: 254
JEANNE WAGNER
LINCOLN COUNTY CLERK, KEMMERER, WY
Reference Number: 7036865412
SUBORDINATION AGREEMENT FOR
MORTGAGE (WITH FUTURE ADVANCE CLAUSE)
000254
Senior Lender: Wells Fargo Bank, N. A.
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
0000000000244167
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.
CHAD V. JENSEN KIM H. JENSEN, HUSBAND AND WIFE, AS JOINT TENANTS WITH RIGHT OF
SURVIVORSHIP AND NOT AS TENANTS IN COMMON (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:
which document is dated the 29th day of November, 2004, which was filed in Book 577 at page 33 (or as No.
905829) 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 CHAD V JENSEN and KIM H JENSEN (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 $160,000.00 (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
C. Signatures and Acknowledgements
See Exhibit A
000255
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.
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
0000000000244167
SUDO ATING LENDER:
We! :,�'a� g1: ank, N.A.
y 6/7/2011
(Si,•.ture) Date
Christopher L. Wheeler
(Printed Name)
Officer
(Title)
FOR NOTARIZATION OF LENDER PERSONNEL
STATE Of Virginia
)ss.
COUNTY OF Roanoke
000256
The foregoing Subordination Agreement was acknowledged before me, a notary public or other official qualified to
administer oaths this day of, j/ jNia O90 1) by Christopher L. Wheeler, as Officer of Wells Fargo
Bank, N.A., the Subordinating Lender, on behalf of said Subordinating Lender pursuant to authority granted by its
Beard of Directors. S/he l is p psonnailly known to me or has produced satisfactory proof of his /her identity.
W C- 1 (Notary Public)
Embossed Hereon is My CommoaaeaCd► of &4
NOW Publlo Seal City of Raanole
My common expires 12/31/2011
Susan F. Woods ID 7134638
SUBORDINATION ONLY_WY10 -22 -10 Page 3 of 3
0000000000244167
Reference Number: 7036865412
Legal Description:
Exhibit A
File 6011119964ET Description
000257
The land referred to in this document is situated in the State of Wyoming, County of Lincoln, and is
described as follows:
Lots 11 12 of Twin Cliffs Subdivision No. 3 to the Town of Afton, Lincoln County, Wyoming filed
July 25, 2003, as Instrument No. 891931.
Property Legal DescriptionV 1.0 2 -16 Exhibit A Page 1 of 1
0000000000244167