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Home My WebLink About870750USDA Form RD 460 -2 (Rev. 4-97) 87073o BOOK__4, 5 p PAGE_ 7 SUBORDINATION BY THE GOVERNMENT Position 1 (Chattel Security) Position 5 (Real Estate Security) RECEIVED LINCOLN COUNTY C1..ERlK 01 JAN 12 API 30 KE WYOM ER The Unites: States of America acting through the United States Department of Agriculture (called the Government is the owner and holder of the following described instruments executed by 1 ,aVnr R Tenki ns and Barbaro Jenkins o f Caribou County, State of Idaho Title of Instrument Date of Instrument Date Filed Office Filed Document File or Page No. Book No. See Attachment A D, Bank of Star Valley (called the Lender) has agreed to loan 3,000.00 to T!aVor R TPnki ns and Barbara Jenkins (called the Borrower for the following purposes: THEREFORE, in consideration the Lender s agreement to make such loan to Borrower, the Government (1) consents to the Borrower obtaining the loan from the Lender for such purposes, and (2) agrees to and does subordinate in favor of the Lender and its successors and assigns its liens or security interests created or evidenced by the above described instruments insofar as they cover the following- described property and provided the Lender perfects a lien on that property: See Attachment B to refinance debt and pay out bankruptcy This subordination is limited to the amount actually loaned by the Lender to the Borrower (principal and accrued interest) for the forgoing purposes and also the amount actually advanced for foreclosure costs and other advances made or to be made by the Lender, for a total limitation not to exceed 393 00 Any amount which is in excess of this figure will not be covered by this subordination unless prior written consent was obtained from the Government for incurring the expenditure in question. The Lender must incorporate into the borrower s note a statement that the loan will be in default should any proceeds of the loan funds obtained as a result of this subordination be used (1) for a purpose that will contribute the excessive erosion of highly erodible land or to the conversion of wetlands to produce an agricultural commodity, provided by 7 C.F.R. part 1940, subpart G, or (2) for any purpose not provided for above. Page 1 of 2 RD 460 -2 (Rev. 4 -97) IN WITNESS WHEREOF, The United States of America has caused this subordination to be signed on the 2 day of p` r z v pursuant to the delegated authority published in 7 C.F.R. part 1900, subpart A. WITNESS BY [S ALJ My t billmissoclx�itr"�s Page 2 of 2 IDAHO BINGHAM 07 -17 -03 SS: 1 1 1 0 75a c 7 /4 11111 UNITED STATES OF AMERICA, TITLE f'b....+'�I 42 414; U.S. Department of Agriculture. *(NOTE TO LENDER: You are advised to obtain a perfected security interest on the above property. When the indebtedness has been satisfied please mark this form PAID IN FULL and return it to the Department of Agriculture at the following address STATE OF COUNTY OF 22nd December On this day of ic9x 2000 before me, the subscriber, a NOTARY PUBLIC in and for the above county and State, appeared ACKNOWLEDGMENT PAUL R. MURRI known to me to be. LOAN SPECIALIST United States Department of Agriculture, and the person who executed the foregoing instrument, and he /she acknowledged to me that he /she executed the same as the free act and deed of the United States of America, for the uses the purposes mentioned in it. IN WITNESS WHEREOF, I have set my hand and seal at Blackfoot, ID the day and year listed above. Barbara Rausch Notary Public (Signature) (Title) RD 460 -2 (Rev. 4 -97) ATTACHMENT A 0870750 208 Title of Instrument Date of Instument Date Filed Office Filed Document File No Page No. Real Estate Mortgage Real Estate Mortgage Real Estate Mortgage Real Estate Mortgage UCC -1 ammended 02/16/1962 02/16/1962 Caribou, ID 02/19/1962 Lincoln, WY 11/24/1975 11/24/1975 Caribou, ID 12/16/1975 Lincoln, WY 07/02/1982 07/02/1982 Caribou, ID 07/06/1982 Lincoln, WY 04/05/1983 04/05/1983 Caribou, ID 04/14/1983 Lincoln, WY 07/02/1982 07/02/1982 Caribou, ID 04/05/1983 Caribou, ID 47592 366611 84780 473163 112887 580178 115939 595304 112888 115942 0870+750 ATTACHMENT B Caribou County, Idaho: Township 5 South, Range 46 East of the Boise Meridian: TRACT I: Section 22: Beginning at a point 1317 feet North of the Southeast corner of said Section 22, and running thence South 150 feet; thence West 150 feet; thence North 150 feet; thence East 150 feet, to the point of beginning. TRACT II: _tion 22: Lots 3 and A, SW1, EXCEPT THEREFROM, Beginning at ..a point 1371 feet North and 447 feet West of the Southeast corner of said Section 22, and running thence North 100 feet; thence North 45 West 60 feet; thence West 254 feet; thence South 140 feet; thence East 300 feet, to the point of beginning. ALSO, EXCEPT THEREFROM, Beginning at a point 1317 feet North of the Southeast corner of said Section 22, and running thence South 150 feet; thence West 150 feet; thence North 150 feet; thence East 150 feet, to the point of beginning. ALSO, EXCEPT THEREFROM, Beginning at the Southeast corner of said Section 22, and running thence North 280 feet; thence West 1600 feet; thence South 280 feet; thence East 1600 feet, to the point of beginning. LINCOLN County, Wyoming: Township 35 North, Range 119West: Section 34: SW/SA. Township 34 North, Range 119 West: 209 Section 3: Lot 4 (NW"' /NNW/) Section 4: N Lots 1 and 2 (N%NYNE and N% Lot 3; EXCEPTING THEREFROM: a tract bginning at a point 40 rods North of the Southwest corner of said Lot 3; and running thence 53 rods East; thence North 8 rods; thence 53 rods West; thence South 8 rods, to the point of beginning. ALSO, EXCEPTING THEREFROM, Beginning at a point 66 Rods North of the Southwest corner of said Lot 3 and running thence East 335 feet; thence North 170 feet; thence West 335 feet; thence South 170 feet, to the point of beginning.