HomeMy WebLinkAbout9694281720 5'y`';'_
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 35183230100700
Fr) 72.0q0 J'10
Account Number: XXX- XXX- XXX7683 -1998
Effective Date: 1/8/2013
Owner(s): WILLIAM J BOOTS
MARILYN R BOOTS
Current Lien Amount: $125,000.00.
Senior Lender: Jpmorgan Chase Bank, N.A.
Subordinating Lender: Wells Fargo Bank, N.A.
HE360 SUB WY (rev 20120217)
0000000000643006
[Space Above This Line for Recording Data]
SUBORDINATION AGREEMENT FOR
MORTGAGE (WITH FUTURE ADVANCE CLAUSE)
Property Address: 154 CANYON PINES WAY, THAYNE, WY 83127
Reference Number: 7036483487
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.
Page 1 of 3
00366
RECEIVED 2/11/2013 at 3:17 PM
RECEIVING 969428
BOOK: 804 PAGE: 366
JEANNE WAGNER
LINCOLN COUNTY CLERK, KEMMERER, WY
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.
WILLIAM J. BOOTS AND MARILYN R. BOOTS, HUSBAND AND WIFE, AS TENANTS BY THE
ENTIRETIES (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 17th day of June, 2004, which was filed in Book 560 at page 881 (or as No. 0900784)
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
WILLIAM J BOOTS (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 $107,797.00 (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
B. General Terms and Conditions
See Exhibit A
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.
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.
C. Signatures and Acknowledgements
HE360 SUB WY (rev 20120217) Page 2 of 3
0000000000643006
003G7
The Subordinating Lender, through its authorized officer, has set its hand and seal as of the Effective Date above
unless otherwise indicated.
SUBORDINATING LENDER:
Wells Fargo Bank, N.A.
By
(Signature)
Nancy Irene Miskell
(Printed Name)
Vice President Loan Documentation
(Title)
FOR NOTARIZATION OF LENDER PERSONNEL
)ss.
STATE OF Oregon
I /03
Date
COUNTY OF Multnomah
The foregoing Subordination Agreem
administer oaths this day of
President Loan Documentation of Wells FW
Subordinating Lender pursuant to authority granted by its Board of Directors. S/he is personally known to m
produced satisfactory proof of his/her identity.
HE360 SUB WY (rev 20120217)
0000000000643006
acknowledged before me, a notary public or other official qualified to
6C)/ 3 by Nancy Irene Miskell, as Vice
go Bank, N.A., the Subordinating Lender, on behalf of said a or ha
otary Public)
OFFICIAL SEAL
KATHY CHARLENE F E NS EN f
NOTARY
COMMISSION NO. 443512
MY COMMISSION EXPIRES NOVEMBER 8,2013
Page 3 of 3
Legal Description:
Exhibit A
Order Number: 15726312
003G9
Lot 20 of Star Valley Ranch Plat 13, Lincoln County, Wyoming, as described on the official'
plat filed on August 10, 1977 as Instrument No. 496704 of the records of the Lincoln County
Clerk.
PID #3518-323-01-007