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COUNTY OLERK
BOOK ~t~31 '~) PR PAGE
Space above line for recording purposes.
45145163176850001
SUBORDINATION AGREEMENT
NOTICE: This subordination agreement results in your security interest in the property becoming subject to and of lower priority
than the lien of some other or later security instrument
This Agreement is made this 6th day of March 2003, by and between Wells Fargo Bank
WeSt, N.A. (Equity Direct) a national bank with its headquarters located at 1740 Broadway,
Denver CO (herein called "Lien Holder"), and Wells Fargo Home Mortgage, Inc., with its
main office located in the State of Iowa (herein called the "Lender").
RECITALS
Lien Holder is the beneficiary/mortgagee under a deed of trust/mortgage, dated September
26th, 2001 executed by Harley R. Davis And Margaret C. Davis (the "Debtor") which was
recorded in the county of Lincoln, State of Wyoming, as Book 474, Page 617 on October 12th,
2001 (the "Subordinated Instrument") covering real property, located in Alpine in the above-
named county of Lincoln, State of Wyoming, as more particularly described in the
Subordinated Instrument (the "Property").
LOT 22, PALLS PARK SUBDIVISION, ACCORDING TO THE OFFICIAL PLAT THEREOF RECORDED
IN TH COUNTY RECRODER'S OFFICE OF LINCOLN COUNTY, STATE OF WYOMING.
Lender will make a loan to the Debtor secured by a deed of trust/mortgage on the Property
ACCORDINGLY, in consideration of the property and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, Lien
Holder hereby agrees with Lender as follows:
Regardless of any priority otherwise available to Lien Holder, the lien of the
Subordinated Instrument is, shall be and shall remain fully subordinate for all
purposes to the lien of the Lender Instrument, to the full extent of the sum
secured by the Lender Instrument, including not 0nly principal and interest on
the principal indebtedness secured thereby but all other sums secured by the
Lender Instrument, excluding non-obligatory future advances.
Lien Holder warrants to Lender that Lien Holder presently owns the
Subordinated Instrument and indebtedness secured thereby, free and clear of
all liens, security interests and encumbrances.
This Agreement is made under the laws of the State of Wyoming. It cannot be
waived or changed, except by a writing signed by the parties to be bound
thereby. This Agreement is made between Lender and Lien Holder. It shall
be binding upon Lien Holder and the successors and assigns of Lien Holder,
and shall inure to the benefit of, and shall be enforceable by, Lender and its
successors and assigns. Neither the Debtor nor any other person (except
Lender, its successors and assigns), shall be entitled to rely on, have the
benefit of or enforce this Agreement.
IN wITNEsS WHEREOF, this Subordination Agreement is executed on the day
and year first above stated.
WELLS FARGO BANK WEST,
N.A.(EQUITY DIRECT)
NOTICE: This
subordination agreement contains a provision which allows
the person obligated on your real property security to
obtain a loan a portion of which may be expended for other
purposes than improvement of the land
O46
STATE OF NEBRASKA)
) SS.
COUNTY OF DOUGLAS)
The foregoing instrument was acknowledged before me this 6th day of March,
2003 by Anita Peterson, Assistant Vice President of Wells Fargo Bank
N.A(Equity Direct)
(bank officer name and tide) (name of Wells Fargo Bank)
WITNESS my hand and official seal.
My commission expires: July 2nd, 2004
J~- .A, GENERAL NO'T'AgY-Stat~"~-o"~obraskaJ
/ ~Jll ANN M. BURD J
Ann M. Burd
Notary Public
West,