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Home My WebLink About970797Recording requested by: LSI When recorded return to Non Aqua Dept. /Renee Monroy 5 Peters Canyon Rd. Suite 200 Irvine, CA 92606 1 s e G 800 756 -5524 ext. 5590 This Instrument Prepared by: Wells Fargo P.O. Box 4149 MAC P6051 -019 Portland, OR 97208 -4149 1- 800 945 -3056 Parcel /UPI N.Or pie 1a3OSO 21 ®O Account Number: XXX- XXX- XXX6192 -1998 Effective Date: 2/25/2013 Owner(s): PAUL R TURNER LESLIE J TURNER Current Lien Amount: $42,500.00. Senior Lender: Wells Fargo Bank, N. A. Yl� [Space Above This Line for Recording Data RECEIVED 5/2/2013 at 4:11 PM RECEIVING 970797 BOOK: 810 PAGE: 634 JEANNE WAGNER LINCOLN COUNTY CLERK, KEMMERER, WY Reference Number: 7043075906 SUBORDINATION AGREEMENT FOR SHORT FORM LINE OF CREDIT MORTGAGE Subordinating Lender: Wells Fargo Bank, N.A. 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 Horne Mortgage Group. Property Address: 196 BLUE LAKE CIRCLE, ALPINE, WY 83128 -0000 HE360 SUB WY (rev 20120217) Page 1 of 3 0000000000675404 4 ik34 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. PAUL R. TURNER AND LESLIE J. TURNER, 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 Short Form Line Of Credit Mortgage (the "Existing Security Instrument given by the Owner, covering that real property, more particularly described as follows: See Exhibit A which document is dated the 9th day of May, 2011, which was filed in Book 767 at page 542 (or as No. 959521) 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 PAUL R TURNER and LESLIE J TURNER (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 $145,253.78 (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 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. B. General Terms and Conditions 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 The Subordinating Lender, through its authorized officer, has set its hand and seal as of the Effective Date above unless otherwise indicated. HE360 SUB WY (rev 20120217) Page 2 of 3 0000000000675404 4O 3 SUBORDINATING LENDER: Wells Fargo Bank, N.A. By (nature) Date Barbara A. Edwards (Printed Name) Vice President Loan Documentation (Title) FOR NOTARIZATION OF LENDER PERSONNEL STATE OF Oregon COUNTY OF Washington The foregoing Subordination Agreement w knowledged before me, a notary public or other official qualified to administer oaths this g� day of t°l) �d(� by Barbara A. Edwards, as Vice President Loan Documentation of Wells Fargo Bank, N.A., th Subordinating Lender, on behalf of said Subordinating Lender pursuant to authority granted by its Board of Directors. S/he is personally known to me or has producejl satisfactory proof is /he nthty. 41 otary Public) )ss. FEB 25 2013 OFFICIAL SEAL BERNADETTE JANE POLISCHUK NOTARY PUBLIC OREGON COMMISSION NO. 465371 MY COMMISSION EXPIRES JANUARY 29, 2016 t� �b 66' HE360 SUB WY (rev 20120217) Page 3 of 3 0000000000675404 The following described property: EXHIBIT A LEGAL DESCRIPTION Order ID: 16127586 Loan No.: 0359183613 Lot 20 of the Blue Lake Estates Subdivision, Lincoln County, Wyoming as described on the official plat thereof. Assessor's Parcel Number: 37181930502100 6637