HomeMy WebLinkAbout968332AFTER RECORDING,
HSBC
Capture Center /Imaging
636 Grand Regency Blvd
Brandon, FL 33510
Prepared By: JeNean Jones
7`130? -rH
CROSS REFERENCES:
Security Instrument at
Deed Book Page
Ally Bank Senior Lender
Security Instrument at
Deed Book Page
SUBORDINATION AGREEMENT
00788
RECEIVED 12/5/2012 at 2:06 PM
RECEIVING 968332
BOOK: 799 PAGE: 788
JEANNE WAGNER
LINCOLN COUNTY CLERK, KEMMERER, WY
WHEREAS the undersigned Beneficial Wyoming, Inc. (the "Original Lender is the holder of a
certain Mortgage (the "Security Instrument executed by Paul M. Spracklen and Tammy L. Spracklen,
dated July 10, 2008, to secure a note to Original Lender in the amount of $46,210.29, said instrument
encumbering certain property located at 550 Monroe, City of Afton, County of Lincoln, WY. "the
Property and being more particularly described on "Exhibit A" attached hereto; and
WHEREAS the Original Lender Security Instrument was recorded by the [Clerk of Superior Court,
County of Lincoln, WY.], on July 15, 2008, in Book 700PR, Page 7; and
WHEREAS the Property is also encumbered by that certain Security Instrument held by Ally Bank and
its successors and assigns (the "Ally Bank Security Instrument executed by Paul M. Spracklen and Tammy
L. Spracklen, dated /0 ��1 [date], to secure a note to Ally Bank in the amount not to exceed
$178,700.00, said instrument also encumbering the Property; and
WHEREAS the Ally Bank Security Instrument was recorded by the [Clerk of Superior Court, County
of Lincoln, WY.], on A/5 Zo 1 Z [date], in Book 79 7 Page 511,-; i and
WHEREAS Original Lender and Ally Bank desire to establish Ally Bank's position as first priority
lienholder on the Property, with full security interest, and the undersigned agrees that the Original Lender
Security Instrument is, shall be, and is hereby made, subject and subordinate to the Ally Bank Security
Instrument, but, shall not be subordinate to any future advances taken under the Ally Bank Security Instrument,
except those corporate advances expressly permitted in the Ally Bank Security Instrument;
THEREFORE, in consideration of Ten Dollars ($10.00) in hand paid to the undersigned, the
undersigned hereby subordinates all right, title, and interest of the undersigned under the Original Lender
Security Instrument to the right, title, and interest of Ally Bank under the Ally Bank Security Instrument, but,
shall -not be subordinate to any future advances taken under the Ally Bank Security Instrument, except those
corporate advances expressly permitted in the Ally Bank Security Instrument. This subordination agreement
shall be binding upon the successors and assigns of the undersigned and shall operate to the benefit of the
holder of the Ally Bank Security Deed and the successors and assigns thereof and of any purchaser at any
foreclosure sale there under and shall apply with like force and effect to any renewal thereof.
WITNESS the hand and seal of the undersigned, this 22 day of August, 2012.
Beneficial Wyomi Inc.
n
1U
By can Jones
Its. CE PRESIDEN Administrative Services Division
Signed, sealed and delivered
in the presence o
•jir I ddL
y: bara Laing
Its sistant Secretary Ad ..1 rative Services Division
State of Illinois
County of DuPage
I, Thomas D. Thomas, a Notary Public in and for the State of Illinois and County of DuPage, do hereby certify
that JeNean Jones and Barbara Laing personally appeared before me this day and acknowledged that they are
the Vice President and Assistant Secretary of Beneficial Wyoming, Inc., a Corporation, and that they as Vice
President and Assistant Secretary, being authorized to do so, executed the foregoing on behalf of the
Corporation.
Witness my hand and notarial seal, this the 22 day of August, 2012.
Notary Public Thomas D. Thomas
My commission expires: 06/10/2013
Seal:
C'VFHCIAL SEAL
Ii "'r ,V,3D THOMAS
NOTARY Pi.; !_IC: STATE OF ILLINOIS
MY C-MMISION EX IRES:06 /10113 c c
00739
EXHIBIT 'A'
File No.: 7430254n (mo)
Property: 550 Monroe Street, Afton, WY 83110
Part of Lot 4 of Block 26 of the Town of Afton, Lincoln County, Wyoming, being more
particularly described
as follows: Beginning at the Northeast corner of said Lot 4 of Block 26 and running
thence South six rods
along the East boundary line of said Block and thence West ten rods on a parallel line to
the South boundary
line of said block; thence North six rods on a line parallel to the East boundary line of
said block to a point on
the North boundary line of said Lot 4; thence East ten rods more or less along the North
boundary line of said
Lot 4, Block 26 to the point of beginning.
A.P.N. 3218-311-02-006.00
7430254n 1 of 1
WHEN RECORDED, RETURN TO:
FIRST AMERICAN MORTGAGE SERVICES'
1100 SUPERIOR AVENUE, SUITE 200
CLEVELAND, OHIO 44114
NATIONAL RECORDING
111111 111111111111111 SPRACKLEN
45863190
FIRST AMERICAN ELS
SUBORDINATION AGREEMENT
11111111111 IIIIII1111111111111111111011111111111111111111
WY
00790