HomeMy WebLinkAbout974726Recording Requested Bye-
Wells Fargo
P.O. Box 31557
MAC B6955-013
Billings, MT 59107 -9900
This Instrument Prepared by:
Wells Fargo
P.O. Box 4149 MAC P6051 -019
Portland, OR 97208 -4149
1- 800 945 -3056
Parcel/UPI N/A
Account Number: XXX- XXX- XXX3087 -0001
Effective Date: 11/1/2013
Owner(s): SEAN E COOPER
AMY J COOPER
Current Lien Amount: $14,000.00.
Senior Lender: Green Tree Servicing LLC
Subordinating Lender: Wells Fargo Bank, N.A.
If Wells Fargo Bank, N.A. is subordinating to Wells Fargo Bank, NA., this document is notice that the lien securing
the loan or line of credit serviced by the Wells Fargo Bank Home Equity Group is subordinated to the first lien loan
being originated or modified by the Wells Fargo Home Mortgage Group.
Property Address: 371 TEALA DR, ETNA„ WY 83118
RECEIVED 12/26/2013 at 2:56 PM
RECEIVING 974726
BOOK: 825 PAGE: 815
JEANNE WAGNER
LINCOLN COUNTY CLERK, KEMMERER, WY
[Space Above This Line for Recording Data]
SUBORDINATION AGREEMENT FOR
MORTGAGE
Reference Number: 440098381444
11E360 SUB WY (rev 20120217) Page 1 of 3
0000000000776887
THIS AGREEMENT (the "Agreement effective as of the Effective Date above, is made by and among the
Subordinating Lender, Owners and the Senior Lender named above.
SEAN E. COOPER AND AMY J. COOPER WHO ACQUIRED TITLE AS AMY COOPER, HUSBAND AND
WIFE, AS TENANTS BY THE ENTIRETIES. (individually and collectively the "Owner own the real property
located at the above Property Address (the "Property").
'The Subordinating Lender has an interest in the Property by virtue of a Mortgage (the "Existing Security
Instrument given by the Owner, covering that real property, more particularly described as follows:
See Exhibit A
06._6
which which document is dated the 26th day of March, 2007, which was filed in Book 655 at page 267 (or as No. N /A) of
the Official Records in the Office of the Recorder of the County of Lincoln, State of Wyoming. The Existing
Security Instrument secures repayment of a debt evidenced by a note or a line of credit agreement extended to
SEAN E COOPER and AMY J COOPER (individually and collectively "Borrower by the Subordinating Lender.
The Senior Lender has agreed to make a new loan or amend an existing loan in the original principal amount NOT
to exceed $377,950.00 (the "New Loan or Amended Loan"), provided that the New Loan or Amended Loan is
secured by a first lien mortgage on the Property (the "New Security Instrument in favor of the Senior Lender. If
the New Loan or Amended Loan exceeds this amount, the Subordination Agreement is VOID.
The Subordinating Lender is willing to subordinate the lien of the Existing Security Instrument to the lien of the
New Security Instrument under the terns set forth in this Agreement.
NOW, THEREFORE, for and in consideration of the above recitals, the covenants herein contained, and for good
and valuable consideration, the receipt of which is hereby acknowledged, the parties agree as follows:
A. Agreement to Subordinate
Subordinating Lender hereby subordinates the lien of the Existing Security Instrument, and all of its
modifications, extensions and renewals, to the lien of the New Security Instrument. This Agreement is effective
as to any sum whose repayment is presently secured or which may in the future be secured by the Existing
Security Instrument.
B. General Terms and Conditions
Binding Effect This Agreement shall be binding upon and inure to the benefit of the respective heirs, legal
representatives, successors and assigns of the parties hereto and all of those holding title under any of them.
Nonwaiver This Agreement may not be changed or terminated orally. No indulgence, waiver, election or
non election by New Lender or the trustee(s) under the New Security Instrument or related documents shall
affect this Agreement.
Severability The invalidity or unenforceability of any portion of this Agreement shall not affect the
remaining provisions and portions of this Agreement.
C. Signatures and Acknowledgements
The Subordinating Lender, through its authorized officer, has set its hand and seal as of the Effective Date above
unless otherwise indicated.
HE360 SUB WY (rev 20120217) Page 2 of 3
0000000000776887
SUBORDINATING LENDER:
Wells Fargo Bank, N.A.
By
(Si
Shannon Johnson
(Printed Name)
Vice President Loan Documentation
(Title)
FOR NOTARIZATION OF LENDER PERSONNEL
STATE OF Oregon
COUNTY OF Multnomah
)ss.
The foregoing Subordination Agreement was acknowledged before me, a notary public or other official qualified to
administer oaths this SZ day of Nor •E.,, fc ?0 by Shannon Johnson, as Vice
President Loan Documentation of Wells Fargo Bank, N.A., the Subordinating Lender, on behalf of said
Subordinating Lender pursuant to authority granted by its Board of Directors. S/he is personally known to me or has
produced satisfactory proof of his /her identity.
OFFICIAL SEAL
DYLAN M SIMS
NOTARY PUBLIC OREGON s
COMMISSION NO. 476405
M`! COMMISSION EXPIRES MARCH 10, 2017
l bl 20/ 3
ate
HE360 SUB WY (rev 20120217) Page 3 of 3
0000000000776887
8146500n
File No.: 8146500n (pf)
Property: 371 TEALA DRIVE, ETNA, WY 83118
Lot 3 of Henry's Mountain Estates, Lincoln County, Wyoming
according to that plat filed in the Office of Lincoln County Clerk
on November 4, 1996, Instrument No. 828555, Plat No. 371.
A.P.N. 3519-131-00-444.00
lulu COOPER
47980537
FIRST AMERICAN ELS
SUBORDINATION AGREEMENT
IIII 11111I111III111IIIIIIIIIIIII11111111I11111111Il1111111
WY
EXHIBIT 'A'
1 •r 7/1iN REMR1)E7), RETURN 7'O.•
FIRST AMERICAN TITLE INSURANCE CO.
1100 SUPERIOR AVENUE, SUITE 200
CLEVELAND, OHIO 44114
NATIONAL RECORDING
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