HomeMy WebLinkAbout9746491st Bank
79 Highway 89
Alpine, WY 83128
Property Tax ID: 12- 3718- 18 -3 -00- 004.00
Reference 000625921739
Order 8105295n
SUBORDINATION AGREEMENT
RECEIVED 12/20/2013 at 3:25 PM
RECEIVING 974649
BOOK: 825 PAGE: 523
JEANNE WAGNER
LINCOLN COUNTY CLERK, KEMMERER, WY
jj
Y9�iaed
THIS INDENTURE, made this 12 TH day of NOVEMBER 2013 by and between
1ST BANK, hereinafter called party of the First Part, and GREEN TREE SERVICING, LLC, its
successors and/or assigns, 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 DAVID W. HAMEL, in the original principal indebtedness of $55,000.00, which
Mortgage was recorded on 05/08/2009, as Book 722PR, Page 379; encumbering the land situate in the
County of Lincoln, Wyoming, described as follows:
SEE COMPLETE LEGAL ATTACHED AS EXHIBIT "A"
Commonly Known As: 1635 US Highway 26, Alpine, WY 83128
AND WHEREAS, DAVID W. HAMEL, have made application to the Party of the Second Part
for a loan in the amount not to exceed $72,000.00, 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.
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 DAVID W. HAMEL, 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, Book 722 Page 379 or Document Number 946998 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
COUNTY 0
COUNTY OF Its STATE OF
LINCOLN It�? WYOMING
SFEBRUARY 20,2014
BEFO ME, the undersigned authority, personally appeared by:
for 1ST BANK, who is known to me or has shown
as identification, who after being by me first duly 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 the =sf.
DORETTA WEBS NOTARY PUBLIC "KO:
NARY PUBLIC
My Commission Expires U��o
06 44
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"
0 0 5
THAT PART OF THE NORTHEAST QUARTER SOUTHWEST QUARTER AND NORTHWEST
QUARTER SOUTHEAST QUARTER OF SECTION 18, TOWNSHIP 37 NORTH RANGE 118 WEST
OF THE 6TH P.M., LINCOLN COUNTY, WYOMING BEING PART OF THE TRACT OF LAND OF
RECORD IN THE OFFICE OF THE CLERK OF LINCOLN COUNTY IN BOOK 56PR ON PAGE 81,
DESCRIBED AS FOLLOWS:
BEGINNING ON THE WESTERLY RIGHT -OF -WAY LINE OF STATE HIGHWAY 26, NORTH
50 °05'33" WEST, 3730.86 FEET AND THENCE SOUTH 56 °31.0' WEST, 100.00 FEET (IVAN L.
CALL MEASUREMENT) FROM THE SOUTHEAST CORNER OF SAID SECTION 18 TO A 6" X 6"
CONCRETE POST WITH BRASS MARKER INSCRIBED, "STATE HIGHWAY DEPT R. O. W.
MARKER 1837 +98.22 P.C. 100' RT THENCE SOUTH 34 °00'16" EAST, 206.94 FEET TO THE
POINT OF BEGININNG; THENCE SOUTHEASTERLY, 193.07 FEET ALONG THE SAID RIGHT
OF -WAY LINE BEING THE ARC OF A CIRCULAR CURVE TO THE LEFT WITH A CENTRAL
ANGLE OF 00 °57'25" WITH RADIUS OF 11,559.25 TO A POINT FOR THE NORTHEAST CORNER
OF LOT 4 OF THE ALPINE VILLAGE SUBDIVISION NO. 1 PLAT 1 AMENDED OF RECORD IN
THE SAID OFFICE AS PLAT NO. 236; THENCE SOUTH 55 °13.9' WEST, 298.58 FEET ALONG
THE NORTH LINE OF SAID LOT 4 TO THE SOUTHEAST CORNER OF LOT 7 OF SAID
SUBDIVISION; THENCE NORTH 34 °19.0' WEST, 193.07 FEET ALONG THE EAST LINE OF SAID
LOT 7 TO A POINT; THENCE NORTH 55 °13.9' EAST, 296.29 TO THE POINT OF BEGINNING.
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47972507
FIRST AMERICAN ELS
SUBORDINATION AGREEMENT
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WY
WHEN RECORDED, RE7 URN 70:
FIRST AMERICAN TITLE INSURANCE CO.
1100 SUPERIOR AVENUE, SUITE 200
CLEVELAND, OHIO 44114
NATIONAL RECORDING