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HomeMy WebLinkAbout967861RECEIVED 11/8/2012 at 2:56 PM RECEIVING 967861 BOOK: 797 PAGE: 771 JEANNE WAGNER LINCOLN COUNTY CLERK, KEMMERER, WY T Bank of Star Valle O 46C i tj <3 fl Property Tax ID: 12- 3219- 16 -4 -00- 516.00 Reference 792858295 Order 7440310n 00771► SUBORDINATION AGREEMENT THIS INDENTURE, made this day of AN tJ S f 201 Zbetween THE BANK OF STAR VALLEY, hereinafter called party of the lArst Part, and f cI (r 0 F A nii vim) k p 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" RECE D 10/4/2012 at 2:10 PM REC ING 967202 BOOK: 79 PAGE: 478 JEAN WAGNER LINCOLN COUNTY CL K, KEMMERER, WY 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 f 0 1 150, 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 Subordination Agreement THIS IOM= IS BEING RERECORDED TO CORRECT THE NOTARY PUBLIC on this said document Recorded October 4, 2012 in Book 795 Page 478. 04-47S- 00 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 thereof and all of its rights and there under to the Mo a e recorded in Official Records, Book Page 8O or Document Number .2)C10 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 vi \l e n g COUNTY OF C n THE Its: 0077? R VALLEY BEFORE ME, the undersigned authority, personally appeared Voci riser its .P res fat 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 `':I WYOMING MY COMMISSION EXPIRES FEBRUARY 1.3085 NOTARY PUBLIC L NOTARY PUBL X My Commission ires 4 2---)- 2-0 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 STATE OF 1(jo COUNTY OF h A MINDY LYMAN NOTARY PUBLIC COUNTY OF STATE OF LINCOLN ;FP. WYOMING MYCOMMISSION EXPIRES FEBRUARY 1, 2015 THE BANK OF STAR VALLEY ITS: re ll /-1 1 NOTARY PUBLIC My Commission Expires: Z e IN WITNESS WHEREOF, THE PARTY OF THE FIRST PART HAS HEREUNTO SET ITS HAND AND SEAL ON THE DAY OF NOVEMBER, 2012. BEFORE ME ON THE v� DAY OF NOVEMBER, 2012, the undersigned authority, perso 2 QCI its f Ks') of "j' of THE BANK OF STAR VALLEY who is known to s shown as identification, who after being by me first duly sworn, deposes an says asays that he /she has the full binding authority to execute this Subordination Agreement and he /she subscribed his /her name thereto in certification thereof. ared I -2o 1 S EXHIBIT "A" 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 111111 III 1 11111111 1 111 WALKER 45766785 FIRST AMERICAN ELS SUBORDINATION AGREEMENT 111111111 I IIIIIIIIII IIIIIIIIIIII IIII IIII II D 11111111111111 WY 0077 00481_.