HomeMy WebLinkAbout973821Advantage Plus Federal Credit Union
2133 E e r c+,
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Property Tax ID: 2419 054 -08- 054.00
Reference 000625177829
Order 7920068n
RECEIVED 10 /23/2013 at 2:18 PM
RECEIVING 973821
BOOK: 822 PAGE: 648
JEANNE WAGNER
LINCOLN COUNTY CLERK, KEMMERER, VVy
SUBORDINATION AGREEMENT
THIS INDENTURE, made this 0 day of o 4 exyl 2013 between
ADVANTAGE PLUS FEDERAL CREDIT UNION, hereinafter called party of the First Part, and
GREEN TREE SERVICING, LLC, its successors and/or assigns, as their interest may appear, 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 ALAN K. BECK, in the original principal indebtedness of $50,000.00, which
Mortgage was recorded on 05/27/2008, as Book 695PR, Page 438; encumbering the land situate in the
County of Lincoln, Wyoming, described as follows:
SEE COMPLETE LEGAL ATTACHED AS EXHIBIT "A"
Commonly Known As: 270 Spring St, Cokeville, WY 83114
AND WHEREAS, ALAN K. BECK, have made application to the Party of the Second Part for a
loan to GREEN TREE SERVICING, LLC, its successors and/or assigns, as their interest may appear, in
the amount not to exceecf$56,500.00, 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. 6jol< 8dp 8(0
NOW THEREFORE, in consideration of the sum of One Dollar ($1.00), and other valuable
consideration in hand paid by the Party of the Second Part to the Party of the First Part, receipt whereof is
hereby acknowledged, and as inducement for making the aforesaid loan by the Party of the Second Part to
the aforesaid ALAN K. BECK, the Party of The First Part does hereby subordinate the aforesaid ®6 A
Mortgage by it and the lien thereof and all of its rights and there under to the Mortgage recorded in t
Official Records, Book Page or Document Number of the Public
Records of Lincoln County, Wyoming, encumbering the above described premises and does hereby
covenant with the Party of the Second Part that it has not transferred or assigned the aforesaid Mortgage
held by it, nor the Promissory Note it secures, nor any interest held by it in either of said instruments, and
it executed this Subordination Agreement as sole owner of the entire interest held by it in said Note and
Mortgage and declare any right or claim held by it to be subject and inferior to the Mortgage held by the
Party of the Second Part and to all rights of the Party of the Second Part there under.
IN WITNESS WHEREOF, THE PARTY OF THE FIRST PART HAS HEREUNTO SET ITS
HAND AND SEAL ON THE DAY AND YEAR FIRST WRITTEN.
STATE OF K n°
COUNTY OF ?JacW1CIA-
9/ r/0 3
ADVANT
UNION
By:
Its:
BEFORE ME, the undersigned authority, personally appeared by: c k LO its:
for ADVANTAGE PLUS FEDERAL CREDIT UNION, who is known to
me or has shown b-ytr'5 (cer as identification, who after being by me first duly swom,
deposes ar iyi he /she has the full binding authority so execute this Subordination Agreement and
he /shipd$> c hr name thereto in certification thereof.
rs
cl)
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.
FEDERAL CREDIT
7920068n
File No.: 7920068n (mo)
Property: 270 SPRING STREET, Cokeville, WY 83114
A parcel of land in Lots 5 and 6 of Block 3 of the Dayton
Addition No. 1, a subdivision of the Town of Cokeville and Tract
90, Township 24 North Range 119 West of the 6th P.M., Lincoln
County, Wyoming, being more particularly described as follows:
BEGINNING at the Northeast corner of above said Lot 6, thence
South 31 °39'39" West, along the Easterly line to the Southeast
corner of said Lot 6, a distance of 70.49 feet;
thence South 70 °53'12" West, 64.21 feet;
thence North 52 °27'59" West, 53.30 feet to the Westerly line of
said Lot 6
thence North 31 °39'39" East, 57.04 feet along the Westerly line of
said Lot 6 to the corner common to Lots 5 and 6;
thence North 17 °34'17" East, along the Westerly line of Lot 5 (a 1
1 /2" dia. steel fence post);
thence South 78 °50'52" East, 105.53 feet to the Easterly line of
said Lot 5 (a 1 1/2 dia. steel fence post);
thence South 17 °34'17" West, along the Easterly line of said Lot
5, a distance of 30.14 feet to the POINT OF BEGINNING.
A.P.N. 2419- 054 -08- 054.00
II IIIIIIIIII I 1 III III BECK
47532336
FIRST AMERICAN ELS
SUBORDINATION AGREEMENT
i111 I1I1111111111111111111111111 HI IIII II 11 11 1 1.111 111111
WY
EXHIBIT 'A'
I'I HEN RECORDED, RETURN TO:
FIRST AMERICAN TITLE INSURANCE CO.
1100 SUPERIOR AVENUE, SUITE200
CLEVELAND, OHIO 44114
NATIONAL RECORDING
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