HomeMy WebLinkAbout894523STATE OF WYO_MING )
) ss.
COUNTY OF Ln~COLN )
sr_mo'P~INATI^j~'9' [1:~5~ [~j''' ~u~ ,,~uz-cm~,z,,,m~ ,; 03 0CTI 7
!0:
t5
?
'7
2
l~qOW ALL MEN BY ~E PKP_.S~ that the um:le~igrted has aeqtih'~i
certain ~eeurit~iatemst~ mad rights pum-uant to a mortgage instrument recorded with the
County C1 .e0q Lixteotn County, Wyoming, ~ followa: Mortg.age in favor of the ~t~ o£
Wyoming Division of Economic a~td Community Development dated May 12,1995,
recorded May 15, 1995 at Book 368 I'R, Page Zl0 in the araouut of ~00,000.00
interests ia ~nd to the following desc-n3~l ~ estate:
RECEIVED,
LINCOLN COUNTY CLERK
"I.,o~ 4 ~d/5 of Twin Spruces Subdivision, Lincoln County, Wyoming."
An applleafion having been made by the owner to obta/n a further loan to which
lhe pre~ent loan ~ be subordiaat~
TItEREFORF~ in .e~add~tm of the extmfion ofereddt through the loan from
The Balak 0f Star Valley, Afto~ Wyoming the maderslffaed, doe~ hereby
the liendtiens described above to the loan ma'renfly made by The Bank of Star V~lley,
evidettced by a Promksory note ex~zuted by Polyguard & Co, I~C ,tad a mortgage.
executed by Marvin Lee Schwab and J'od F. Meaxitt in the amount of $300,000.00 in
favor o£The Bank of S/ar Valley dated 1 0 / 1 0 / 0 3 and all modifications thereot~
not to exceed thepromissory note/mortgage original amotm! of $300,000.00.
Except ~ to th, mbor~on h~eby afford~ 'all other fights, obligations, and
duties, ir~ludiag l~'~onal guarant~ ~ad asdgamentg of the paxti~ cfi,ting ~ r~xmrity
ia favor of~e undersigned, shall remain ia full forc~ and effect, and no way altered or
changed by this subordination except to the extent that the Hens held by the undersigned
shall be subordinated to the described loan.
RTATB OF WYOMING
COUNTY OF
On ~ day personally appeared
To me ~o~ ~ be ~e ~dufl d~
~owl~g~ ~t ~ ~
~ ~d vo~ a~ ~d d~ for ~e
O~ ~der my ~d ~d offidd