HomeMy WebLinkAbout888578 RECEIVED
LINOOLN cOUNTY OLERK
-BOOK_51 tJ PR PAGE_"
Space Above This Line for Recording Data
This instrument was prepared by Robert James Jr., Post Closing Auditor II, Principal Bank, P.O. BOX 9351, Des Moines, Iowa,
50306-9467, Phone No. 515-883-9085
When recorded return to: Principal Bank, P.O. Box 9351, Des Moines, Iowa 50306-9467
Return to: FideS/Residenl~a, ScOt,on, Inc.
SUB ORDINATION OF LIEN ~74 Tra~4s, ,-%~.'~ 1520
Hodston, Texas 77002
WIq]EREAS, Principal Bank is the owner and holder of a mortgage dated January 23, 2001 and recorded March 5, 2001, as
Book 460, Page 469 and herein referred to as "Existing Mortgage" on the following described property:
THE FOLLOWING DESCRIBED ILEAL ESTATE, SITUATED IN LINCOLN COUNTY AND STATE OF WYOMING:
PART OF SECTION 24, T31N Rll9W OF THE 6TM P.M., LINCOLN COUNTY, WYOMING, MORE
PARTICULARLYDESCRIBED AS FOLLOWS: BEGINNING AT POINT 225 FEET NORTH OF TIlE SOUTHEAST
CORNER OF THE NE ~A OF SAID SECTION 24 AND RUNNING THENCE WEST 264 FEET; THENCE NORTH 165
FEET; THENCE EAST 264 FEET;THENCE SOUTH 165 FEET TO THE POINT OF BEGINNING. SUBJECT TO
RESTRICTIONS, RESERVATIONS, EASEMENTS, COVENANTS, OIL, GAS OR MINERAL RIGHTS OF RECORD, IF
ANY.
Property Address: 1807 Highway 241
Afton, Wyoming 83110
WI-IEREAS, Glenn J. Dread as owner of said property desires to refinance the first lien on said property;
WHEREAS, it is necessary that the new lien to Principal Residential Mortgage, Inc., its successors and/or assigns which
secures a note in the amount of Forty-Three Thousand and no/00 Dollars ($43,000.00) hereinafter refen'ed to as "New
Mortgage", be a first lien on the premises in question;
WHJEREAS, Principal Bank is willing to subordinate the lien of the "Existing Mortgage" to the lien of the "New Mortgage";
NOW THEREFORE, in consideration of the premises and other good and valuable consideration, the receipt of which is
hereby acknowledged, Principal Bank hereby subordinates the lien of its "Existing Mortgage, to the lien of the "New
Mortgage", so that the "New Mortgage" will be prior in all respects and with regard to all funds advanced thereunder to the
lien of the "Existing Mortgage".
IN WITNESS WHEREOF, the said Principal Bank has executed this Subordination of Lien this 19th day of February, 2003.
BY: K~t~h L~aYton~ (7~~
Semo~ Manager Retail Lending
STATE OF IOWA )
) ss
COUNTY OF POLK )
On this 19m day of February, 2003 before me, a Notary Public in the state of Iowa, personally appeared Kathy Lavton, to me
personally ~known, who being by me duly sworn or affirmed did say that that person is Senior Manager - Retail Lending of said
corporation and that said instrument was signed on behalf of the said corporation by the said Kathy Layton, who .acknowledged
the execution of said instrument to be the voluntary act and deed of said corporation..,b~ it voluntary executed..~-/
My commission expires: ~,/~-x.-.,.."..~,~-.x~_..----
~.~~ 24, 2005