HomeMy WebLinkAbout972628194403
In the event of foreclosure or sale of either indebtedness, the priority shall be respected as herein
established.
WHEN RECORDED RETURN TO:
ZIONS FIRST NATIONAL BANK
Subordination Department
P.O. Box 30160, Salt Lake City, UT 84130 -0160
1 4260004005449
APN 12- 3418- 27 -2 -03 -018 00
SUBORDINATION AGREEMENT
KNOW ALL PERSONS BY THESE PRESENTS:
This Declaration of Subordination is executed and delivered July 29, 2013, by ZIONS FIRST
NATIONAL BANK, in favor of GREEN TREE SERVICING, LLC, as follows:
ZIONS FIRST NATIONAL BANK, for and in consideration of the sum of One Dollar and other
valuable consideration, the receipt and sufficiency of which is hereby acknowledged, does hereby certify
and declare that the lien of that certain trust deed, in the amount of $258,000.00 made and executed by
THOMAS S WELSTAD LEE ANN WELSTAD as Trustor, in favor of ZIONS FIRST NATIONAL BANK,
as Beneficiary, dated April 5, 2007 recorded May 16, 2007, in Book 658, at Page 119, Entry Number
929396, in the office of the County Recorder of LINCOLN County, State of WYOMING, is hereby
subordinated and made inferior to the lien of that certain trust deed not to exceed the amount of
$279,000.00 Dollars, dated August 1, 2013 executed by THOMAS S WELSTAD
AND LEE ANN WELSTAD, TRUSTEE OF THE TOM AND LEE ANN WELSTAD FAMILY TRUST
DATED THE 1ST DAY OF DECEMBER, 2006, as Trustor, in favor of GREEN TREE SERVICING, LLC,
as Beneficiary, and recorded August 9, 2013 as Entry No. 972582 in Book
817PR at Page 598 in the office of the County Recorder of LINCOLN County, State of
WYOMING; and said trust deed in favor of GREEN TREE SERVICING, LLC is hereby declared to be
senior to and a superior lien over the trust deed in favor of ZIONS FIRST NATIONAL BANK.
The real property referred to in the above referenced trust deeds is situated in LINCOLN County,
State of WYOMING and is more particularly described on the attached.
IN WITNESS WHEREOF, ZIONS FIRST NATIONAL BANK has executed this Subordination
Agreement as of the date first above written.
ACKNOWLEDGED and consented to b, ustors:
RECEIVED 8/13/2013 at 2:42 PM
RECEIVING 972628
BOOK: 817 PAGE: 763
JEANNE WAGNER
LINCOLN COUNTY CLERK, KEMMERER, WY
THOMAS S WELSTAD
LEE ANN ELSTAD
STATE OF UTAH
COUNTY OF SALT LAKE
On July 29, 2013, before me P /17 J)11 CVS a Notary Public in and for said County
and State, personally appeared, L. Merrill Riggs, Vice President of ZIONS FIRST NATIONAL BANK,.
personally known to me to be the person whose name is subscribed to the within instrument and
acknowledged to me that he /she executed the same in their authorized capacity, and that his /her
signature on the instrument the person, or the entity upon behalf of which the person acted, executed the
instrument.
WITNESS my hand and official seal.
Notary Public
STATE OF WYOMING
COUNTY'OF
On
and State,
known to me (o
is /are subscribed
their authorized c
entity upon behalf
WITNESS my han
Notary Public
My Commissi• n Expires:
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official seal.
before me GG
ppeared
o me on the basis of sati
within instrument and ackno
ty(ies), and that his /her /their si
o'! hich the person(s) acted execut
NOTARY PUBLIC
BEVERLY J. MATHEWS I
Commission No. 601857 1
Commission Expires
OCTOBER 24, 2014
STATE OF UTAH 1
0764
a Notary Public in nd for
dence) to be the person(s)
to me that he /she /they exec
re(s) on the instrument th
the instrument.
s County
personally
ose name(s)
the same in
(s), or the
State of Wyoming
County of Lincoln
The foregoing instrument was acknowledged before me this 1st day of
August 2013, by Thomas S Welstad and Lee Ann Welstad.
My Commission Expires: 9 -15 -/c
-got)'z r oc /r' e72
Notary Public
GLORIA K. BYERS NOTARY PUBLIC
County of
Lincoln
State of
Wyoming
My Commisson Expires September 15, 2015
0765
194403
EXHIBIT "A" 0 76
Lot 82 of the Bridger Forest Ranches Amended 6th Filing Subdivision, Lincoln County,
Wyoming as shown on the official plat recorded June 18, 2003 as Instrument No. 890921 of the
records of the Lincoln County Clerk.