No preview available
HomeMy WebLinkAbout963985Mortgage Subordination Agreement Account No. 1897 This Agreement is made this 28 day of March, 2012, by and between US Bank National Association ND "Bank and U.S. Bank National Association N.D. "Refinancer Bank is the mortgagee under a mortgage (the "Junior Mortgage dated 7, April, 2010, granted by PATRICIA R. NYRE, AN UNMARIED INDIVIDUAL "Borrower and recorded in the office of the County Recorder, Lincoln County, Wyoming, on 30, April, 2010, as Book 746 Page 472 -477 Document No. encumbering the real property described therein (collectively, the "Property Refinancer is the mortgagee under a mortgage (the "Senior Mortgage dated 10 day of November, 2011, granted by the Borrower, and recorded in the same office on 5 day of December, 2011, as Book 777 Page 427 -433, encumbering the property. To induce Refinancer to make a loan to the Borrower secured by the Senior Mortgage, Bank has agreed to execute and deliver this Subordination Agreement. ACCORDINGLY, in consideration of the premises and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Bank hereby agrees with Refinancer that the lien of the Junior Mortgage on the Property is and shall be and shall remain fully subordinate for all purposes to the lien of the Senior Mortgage on the Property, to the full extent of all sums from time to time secured by the Senior Mortgage; provided, however, that the total indebtedness secured by the Senior Mortgage does not exceed $46,800.00, exclusive of interest thereon, amounts advanced to protect the lien and priority of the Senior Mortgage, and costs of collection, and provided further, that this agreement shall not be effective until each other mortgage or other lien recorded against the property (other than the Senior Mortgage) and each judgment that is a lien against the Property shall be subordinated of record to the lien of Senior Mortgage. Legal Description: See Attached Legal Property Address: 251 Hardman Rd, Star Valley Ranch, WY 83127 IN WITNESS THEREOF, this Subordination Agreement is executed on the day and year first above stated. M/Vhen Recorded Return To. Indecomm Global Services 2925 Country Drive St. Paul, MN 55117 TV 1' =7L2j2 US Bank National Association ND By: Steven Barnes Title: Vice President STATE OF Wisconsin COUNTY OF Winnebago 00279 RECEIVED 4/5/2012 at 2:37 PM RECEIVING 963985 BOOK: 784 PAGE: 279 JEANNE WAGNER LINCOLN COUNTY CLERK, KEMMERER, WY The foregoing instrument was acknowledged before me this 28 day. of March, 2012, by (name) Steven Barnes, the (title) Vice President, of US Bank National Association ND, a national banking association, on behalf of the association. 1 Prepared by: Michelle Davis Susan J. Bishop, Notary Public My Commission Expires: 10/18/2015 RRd. i r) rN G r This instrument was drafted by: US Bank Corporate Loan Servicing Center, 1850 Osborn Ave, Oshkosh, WI 54902 EXHSSITA SITUATED IN LINCOLN COUNTY, WYOMING; LOT 100 IN STAR VALLEY RANCH PLAT 17 AS PLATTED AND RECORDED IN THE OFFICIAL RECORDS OF LINCOLN COUNTY, WYOMING. SUBJECT TO ALL EASEMENTS, COVENANTS, CONDITIONS, RESERVATIONS, LEASES AND RESTRICTIONS OF RECORD, ALL LEGAL HIGHWAYS, ALL RIGHTS OF WAY, ALL ZONING, BUILDING AND OTHER LAWS, ORDINANCES AND REGULATIONS, ALL RIGHTS OF TENANTS IN POSSESSION, AND ALL REAL ESTATE TAXES AND ASSESSMENTS NOT YET DUE AND PAYABLE. BEING THE SAME PROPERTY CONVEYED BY DEED RECORDED IN VOLUME 496, PAGE 487, OF THE LINCOLN COUNTY, WYOMING RECORDS. 1 6650 3/30/2012 77615422/1 u tti 280