HomeMy WebLinkAbout971273NOTICE:
THIS SUBORDINATION AGREEMENT RESULTS IN YOUR SECURITY INTEREST IN THE
PROPERTY BECOMING SUBJECT TO AND OF LOWER PRIORITY THAN THE LEIN OF SOME
OTHER OR LATER SECURITY INSTRUMENT.
c P7O 39 /zG
This instrument is made as of March 14, 2013 Meridian Trust Federal Credit Union a Corporation, having its
principal place of business at Cheyenne WY.
MERIDIAN TRUST F.C.U. is the holder of a note secured by a mortgage (the "Second Mortgage on the
Mortgaged Property, dated June 15, 2009, executed by Chester Hooper and Jessica Hooper, husband and
wife, and recorded on June 22, 2009 AS INSTRUMENT NO.000824, BOOK 725, PAGE 824 IN the
property records of Lincoln COUNTY, WY, pertaining to the real estate located at and further described as
follow (the Mortgaged Property): See Attached Exhibit A
566 Rock Farm Road, Etna WY 83118
B. The Second Mortgage held by MERIDIAN TRUST F.C.U. is junior and subordinate to a Mortgage (the
"First Mortgage held by Mortgage Electronic Registration System, Inc., as a nominee for Taylor, Bean
and Whitaker Mortgage Corp, the Mortgaged Property, that Chester Hooper and Jessica Hooperl, husband
and wife owner(s) of the Mortgaged Property desire to refinance the First Mortgage loan on the Mortgaged
Property.
For good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, MERIDIAN
TRUST F.C.U. agrees as follows:
1. The Second Mortgage held by MERIDIAN TRUST F.C.U. shall be subject and subordinate to a new
mortgage "New Mortgage securing a loan originated by Quicken Loans, Inc PERTAINING to the
Mortgaged Property and securing a note in an original principal amount not to exceed $352,075.00
(Three hundred fifty two thousand seventy five DOLLARS bearing interest at a rate not to exceed
4.125% per annum, and made primarily for the purpose of refinancing the First Mortgage loan.
Mortgage recorded
Ovi Las-113 DaC-J.11 G 4" 9 7n 35
Book S0E3 Page 509
2. MERIDIAN TRUST F.C.U. acknowledges that Quicken Loans, Inc., its successors and assigns as their
interest may appear are relying on this instrument in making the loan secured by the New Mortgage.
MERIDIAN TRUST F.C.U. agrees that the new Mortgage shall have the same validity, priority, and
effect as if executed, delivered and recorded prior to the date of the Second Mortgage, provided,
however, that nothing in this instrument shall in any way alter, change or modify the terms and
conditions of the Second Mortgage, or in any way release or affect the validity or priority of the Second
Mortgage, except as provided herein
Entered thisl4th Day of March 2013
MERIDIAN TRUST FEDERAL CREDIT UNION
By:
K. L. Stubbs, Sr Vice President
STATE OF WYOMING
COUNTY OF LARAMIE
On this 14th Day of March, 2013, before me, a Notary Public, personally appeared K. L. Stubbs„ and who
being by me duly sworn, subscribed his name to the foregoing instrument as an officer of said corporation and
acknowledged the execution of such instrument as the voluntary act and deed of said corporation.
Notary Public:
SUBORDINATION AGREEMENT
My Commission Expires:
RECITALS
X0 '1
i m11 c'v
RECEIVED 6/3/2013 at 2:41 PM
RECEIVING 971273
BOOK: 812 PAGE: 720
JEANNE WAGNER
LINCOLN COUNTY CLERK, KEMMERER, WY
THE LAND REFERRED TO HEREIN BELOW IS SITUATED IN THE COUNTY OF
LINCOLN, STATE OF Wyoming, AND IS DESCRIBED AS FOLLOWS:
LOT 5 ROCKY MOUNTAIN RANCHES, LINCOLN COUNTY, WYOMING ACCORDING
TO THE OFFICE PLAT FILED IN THE OFFICE OF THE LINCOLN COUNTY AS PLAT NO.
225 -E TOGETHER WITH ACCESS AS PROVIDED IN INSTRUMENT RECORDED
OCTOBER 27, 2003, BOOK 539 P.R. PAGE 569 -584.
Parcel ID: 3519 -02- 1 -00 -320
Exhibit A
IMMO
'J U d1
Commonly known as 566 Rock Farm Rd, Etna, WY 83118
However, by showing this address no additional coverage is provided