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Bank of Jackson Hole
P.O. Box 7000
Jackson, Wy 83002
Property Tax ID: 3519- 021 -00- 438.00
Reference 247062513
Order 7910600n
SUBORDINATION AGREEMENT
SEE COMPLETE LEGAL ATTACHED AS EXHIBIT "A"
Commonly Known As: 700 Rock Farm Road, Etna, WY 83118
RECEIVED 8/28/2013 at 10:49 AM
RECEIVING 972932
BOOK: 818 PAGE: 867
JEANNE WAGNER
LINCOLN COUNTY CLERK, KEMMERER, WY
THIS INDENTURE, made this 23rd day of August 2013 between
BANK OF JACKSON HOLE, hereinafter called party of the First Part, and BANK OF
AMERICA, N.A., hereinafter called Party of the Second Part,
WITNESSETH, that whereas the Party of the First Part is the owner and holder of a
certain Mortgage taken out by STEPHEN JUDGE and PATRICIA C JUDGE, in the original
principal indebtedness of $60,000.00, which Mortgage was recorded on 01/31/2008, in Book
685PR, Page 364; encumbering the land situate in the County of Lincoln, Wyoming, described
as follows:
AND WHEREAS, STEPHEN JUDGE and PATRICIA C JUDGE, have made
application to the Party of the Second Part for a loan to BANK OF AMERICA, N.A., in the
amount not to exceed $92,000.00, to be secured by a First Mortgage encumbering the above
described premises, and Party of the Second Part has required as a condition precedent to making
of said loan that the Party of the First Part subordinate its Mortgage and the lien thereof and all
of its rights there under to the Mortgage to be placed upon said premises as aforesaid, and Party
of the First Part is agreeable to such subordination.
0807
NOW THEREFORE, in consideration of the sum of One Dollar ($1.00), and other
valuable consideration in hand paid by the Party of the Second Part to the Party of the First Part,
receipt whereof is hereby acknowledged, and as inducement for making the aforesaid loan by the
Party of the Second Part to the aforesaid STEPHEN JUDGE and PATRICIA C JUDGE, the
Party of The First Part does hereby subordinate the aforesaid Mortgage by it and the lien thereof
and all of its rights and there under to the Mortgage recorded in Official Records, BookB
Page6Cfl q 1Z.
or Document Number 0��� of the Public Records of Lincoln
County, Wyoming, encumbering the above described premises and does hereby covenant with
the Party of the Second Part that it has not transferred or assigned the aforesaid Mortgage held by
it, nor the Promissory Note it secures, nor any interest held by it in either of said instruments, and
it executed this Subordination Agreement as sole owner of the entire interest held by it in said
Note and Mortgage and declare any right or claim held by it to be subject and inferior to the
Mortgage held by the Party of the Second Part and to all rights of the Party of the Second Part
there under.
0868
IN WITNESS WHEREOF, THE PARTY OF THE FIRST PART HAS HEREUNTO
SET ITS HAND AND SEAL ON THE DAY AND YEAR FIRST WRITTEN.
DEBORAH SUPOWIT NOTARY PUBLIC
STATE OF
COUNTY OF
TETON 0 :y.. WYOMING
MY MIS EXPIRES AUG. 30, 2013
NOTARY PUBLIC
BANK p R F JACKS HOLE
By:
Its: �f�S k'Y1 r Oc
0 869
BEFORE ME, the undersigned authority, personally appeared by: 0....e tj z k vt,
its: L__ d� or BANK OF JACKSON HOLE, who 1 own to me r has
shown P. c1. as identification, who after being by me first su y sworn,
deposes and says that he /she has the full binding authority so execute this Subordination
Agreement and he /she subscribed his /her name thereto in certification thereof.
My Commission Expires 2--013
No title search was performed on the subject property by the preparer. The preparer of this deed makes
neither representation as to the status of the title nor property use or any zoning regulations concerning
described property herein conveyed nor any matter except the validity of the form of this instrument.
Information herein was provided to preparer by Grantor /Grantee and /or their agents; no boundary survey
was made at the time of this conveyance.
EXHIBIT "A"
A PORTION OF THE PROPERTY REFERRED TO IN WARRANTY DEED RECORDED IN
BOOK 381PR ON PAGE 753 OF THE RECORDS OF THE LINCOLN COUNTY CLERK
WITHIN THE SOUTHWEST QUARTER NORTHEAST QUARTER OF SECTION 2,
TOWNSHIP 35 NORTH RANGE 119 WEST OF THE 6TH P.M., LINCOLN COUNTY,
WYOMING, BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS:
BEGINNING AT A POINT ON THE EAST LINE OF SAID SOUTHWEST QUARTER
NORTHEAST QUARTER, SAID POINT BEING 71.70 FEET SOUTH 1 °41'54" WEST,
ALONG SAID EAST LINE FROM THE B.L.M. TYPE MONUMENT MARKING THE
LLOYD B. BAKER (PLS 698) 1994 LOCATION FOR THE NORTHEAST CORNER OF
SAID SOUTHWEST QUARTER NORTHEAST QUARTER; THENCE SOUTH 1 °42'06"
WEST, ALONG SAID EAST LINE, 609.03 FEET; THENCE NORTH 89 °1T18" WEST,
658.64 FEET TO A POINT IN THE WEST LINE OF SAID PROPERTY; THENCE NORTH
1 °37'02" EAST, ALONG SAID WEST LINE, 609.35 FEET TO A POINT IN THE SOUTH
LINE OF THE 60 FOOT RIGHT OF WAY EASEMENT AS REFERRED TO AND
RECORDED IN SAID WARRANTY DEED; THENCE SOUTH 89 °10'33" EAST, ALONG
SAID SOUTH LINE, 659.53 FEET, TO THE POINT OF BEGINNING.
LESS AND EXCEPT ANY LAND CONTAINED IN WARRANTY DEED RECORDED
APRIL 1, 1996 IN BOOK 381PR ON PAGE 755 OF THE RECORDS OF THE LINCOLN
COUNTY CLERK.
0 870