HomeMy WebLinkAbout967202D etent
T Bank of Star Valle
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Property Tax ID: 12-3219-16-4-00-516.00
Reference 792858295
Order 7440310n
RECEIVED 10/4/2012 at 2 :10 PM
RECEIVING 9672
BOOK: 795 PAGE: 478
JEANNE WAGNER
LINCOLN COUNTY CLERK, KEMMERER, WY
SUBORDINATION AGREEMENT
THIS INDENTURE, made this day of L9 S f 201 lbetw
BANK OF STAR VALLEY, hereinafter called party of t �rst Part and
een
THE
NI Or O F AMC V) CO) k H. hereinafter called Party of the Second Part,
WITNESSETH, that whereas the Party of the First Part is the owner and holder of a
certain Mortgage taken out by SUSAN WALKER and IRA WALKER, in the original principal
indebtedness of $20,000.00, which Mortgage was recorded on January 3, 2008, in Book 682PR,
Page 830; encumbering the land situate in the County of Lincoln, Wyoming, described as
follows:
SEE COMPLETE LEGAL ATTACHED AS EXHIBIT "A"
Parcel ID: 12 3219 16 4 00 516.00
Commonly known as 221 Walker Lane Auburn, WY 83111
AND WHEREAS, SUSAN WALKER and IRA WALKER, have made application to the
Party of the Second Part for a loan to THE BANK OF STAR VALLEY, in the amount not to
exceed i 6 J, 1�0, 00 to be secured by a First Mortgage encumbering the above described
premises, and Party of the Second Part has required as a condition precedent to making of said
loan that the Party of the First Part subordinate its Mortgage and the lien thereof and all of its
rights there under to the Mortgage to be placed upon said premises as aforesaid, and Party of the
First Part is agreeable to such subordination.
NOW THEREFORE, in consideration of the sum of One Dollar ($1.00), and other
valuable consideration in hand paid by the Party of the Second Part to the Party of the First Part,
receipt whereof is hereby acknowledged, and as inducement for making the aforesaid loan by the
00478
00479
Party of the Second Part to the aforesaid SUSAN WALKER and IRA WALKER, the Party of
The First Part does hereby subordinate the aforesaid Mortgage by it and the lien t ereof and all
of its rights and there under to the Mo a e recorded in Official Records, Book US
Page S O or Document Number X 610 (d of the Public Records of Lincoln
County, Wyoming, encumbering the above described premises and does hereby covenant with
the Party of the Second Part that it has not transferred or assigned the aforesaid Mortgage held by
it, nor the Promissory Note it secures, nor any interest held by it in either of said instruments, and
it executed this Subordination Agreement as sole owner of the entire interest held by it in said
Note and Mortgage and declare any right or claim held by it to be subject and inferior to the
Mortgage held by the Party of the Second Part and to all rights of the Party of the Second Part
there under.
IN WITNESS WHEREOF, THE PARTY OF THE FIRST PART HAS HEREUNTO SET ITS
HAND AND SEAL ON THE DAY AND YEAR FIRST WRITTEN.
STATE OF W i 1OYif
COUNTY OF Li rcotn
BEFORE ME, the undersigned authority, personally appeared Oci V)ser',
its P res (awl-- of THE BANK OF STAR VALLEY, who is known to me or has
shown as identification, who after being by me first duly sworn,
deposes and says that he /she has the full binding authority so execute this Subordination
Agreement and he /she subscribed his /her name thereto in certification thereof.
MINDY LYMAN
COUNTY OF STATE OF
LINCOLN y WYOMING
WCOMMISSI(Nl COMES FBIRUARY 7, 3015
NOTARY PUBUC
Its:
NOTARY PUBL
My Commission o ires
THE
R VALLEY
No title search was performed on the subject property by the preparer. The preparer of this deed makes
neither representation as to the status of the title nor property use or any zoning regulations concerning
described property herein conveyed nor any matter except the validity of the form of this instrument.
Information herein was provided to preparer by Grantor /Grantee and /or their agents; no boundary survey
was made at the time of this conveyance.
00480
A PORTION OF PARCEL B AS SHOWN ON MAP NO. 389F, WITH THE OFFICE OF THE
CLERK OF LINCOLN COUNTY, WYOMING, WITHIN THE NORTHWEST QUARTER OF
THE SOUTHEAST QUARTER OF SECTION 16, TOWNSHIP 32 NORTH, RANGE 119
WEST OF THE 6TH P.M., LINCOLN COUNTY, WYOMING, THE METES AND BOUND
BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS:
BEGINNING AT THE IRON PIPE FOUND AT A POINT IN THE WEST LINE OF SAID
NORTHWEST QUARTER OF THE SOUTHEAST QUARTER, MARKING THE
SOUTHWEST CORNER OF THE EAR AND KATHRYN WALKER PROPERTY
REFERRED TO IN THE DEED RECORDED IN BOOK 374PR, ON PAGE 623, SAID POINT
OF BEGINNING BEING 33.00 FEET SOUTH 0137'58" WEST FROM THE CHARLES V.
KING PE /LS 590, B.L.M. TYPE MONUMENT FOUND MARKING THE MARLOWE A.
SCHERBEL PLS 5368, 1993 LOCATION FOR THE NORTHWEST CORNER OF SAID
NORTHWEST QUARTER OF THE SOUTHEAST QUARTER; THENCE SOUTH 89 °35'39"
EAST, ALONG THE SOUTH LINE OF SAID WALKER 374PR -623 PROPERTY, 354.00
FEET TO AN IRON PIPE SET; THENCE SOUTH 0 °37'58" WEST, PARALLEL WITH SAID
WEST LINE, 246.12 FEET TO AN IRON PIPE SET AT A POINT IN THE NORTH LINE OF
PARCEL A AS SHOWN ON SAID PLAT; THENCE NORTH 89 °35'39" WEST, ALONG
SAID NORTH LINE, 354.00 FEET TO AN IRON PIPE FOUND IN SAID WEST LINE,
MARKING THE NORTHWEST CORNER OF SAID PARCEL A; THENCE NORTH 0 °37'58"
EAST, ALONG SAID WEST LINE, 246.12 FEET, TO THE POINT OF BEGINNING.
WHEN RECORDED, RETURN TO:
FIRST AMERICAN MORTGAGE SERVICES
1100 SUPERIOR AVENUE, SUITE 200
CLEVELAND, OHIO 44114
NATIONAL RECORDING
EXHIBIT "A"
111111III i IU111111IIJ WALKER
45766785
FIRST AMERICAN ELS
SUBORDINATION AGREEMENT
11 1111 111 I II I I Iilll1 I I it l ll 1 1 ll l I III 111111 it I II I I Ilill I Iil
WY
0048I