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HomeMy WebLinkAbout973093SUBORDINATION AGREEMENT KNOW ALL MEN BY THESE PRESENTS: For good and valuable consideration, Robert Mckim, hereby subordinates the mortgage executed between Robert Mckim and Beau D. Erickson, which was recorded December 12'2 I. 3 in Book 643 PR, on Page 133 as Filling No. 925266 of the official records of the County Recorder of Lincoln County, State of Wyoming. To that certain mortgage dated the 26th day of August ,2013 in the amount of 632,624.04 in favor of The Bank of Star Valley to be recorded concurrently herewith: Legal Description: See attached Exhibit A The undersigned, by execution of this subordination agreement, does not release the existing mortgage, but only subordinates to the extent described in said mortgage. IN WITNESS WHERE OF, Robert Mckim, have executed this Subordination Agreement this 4? day of Robert Mckim State of Wyoming County of Lincoln JILL H. L.ARSON NOTARY PUBLIC Courtly of State of Lincoln a�} r Wyoming My Commission Expires June 20, 2018 2013. RECEIVED 9/4/2013 at 12:31 PM RECEIVING 973093 BOOK: 819 PAGE: 563 JEANNE WAGNER LINCOLN COUNTY CLERK, KEMMERER, WY This instrument was acknowledged before me on 8° c 7 ,2013 By Robert Mckim. (Si My Commission Expires: 14' 49-4 c72Q65— O i63 Exhibit A The land referred to in this document is situated in the State of Wyoming, County of Lincoln, and is described as follows: A portion of Section 30, Township 32 North, Range 118 West of the 6th P.M., Lincoln County, Wyoming being more particularly described as follows: BEGINNING at the northwest corner; and, running thence East, 16 rods; thence South, 20 rods; thence West, 16 rods; thence North, 20 rods to the PLACE OF BEGINNING. ALSO, Commencing at a point 350 feet East of the Northwest corner of Section 30, Township 32 North, Range 118 West of the 6th P.M., Lincoln County, Wyoming thence East, 100 feet; thence South, 363 feet; thence West 100 feet; thence North 363 feet to the POINT OF BEGINNING. ALSO, Commencing at a point 264feet East of the Northwest Corner of Section 30, Township 32 North, Range 118 West of the 6 P.M., Lincoln County, Wyo thence following the Section line East, 86 feet; thence South, 363 feet; thence West 300 feet to U.S. 89 Highway Right -of -Way; thence North, 33 feet; thence East, 214 feet; thence North, 330 feet to the POINT 01? BEGINNING. LESS AND EXCEPT the portion thereof occupied and used as part of the Highway right -of way, along West edge of said land. 0564