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SUBORDINATION AGREEMENT
KNOW ALL MENBYTHESEPRESENT~'9 61 18
For good and valuable cOnsideration in hand received,
RECEIVED
:LINCOLN COUNTY CLERK
03 DFC, 22 PH 12:
JE, NNE Vv G ,IER
'The Bank of Star Valley, a Wyoming Banking Corporation the State of Wyoming
Does hereby subordinate that certain mortgage
Between Craig C. Knecht and Marilyn J. Zach, husband and wife
Recorded June 17, 2003 in Book 524 Page 185 as Filing No. 890858
Of the Official Records of the County Recorder of Lincoln County, State of Wyoming
Covering land described in Schedule "A" attached hereto, to that certain Mortgage
(Trust Deed) dated the 15th day of December 2003
between MERS as nominee for Major Mortgage its Successors and or Assigns, a
Wyoming Corporation
and Craig C. Knecht and Marilyn J. Zach, husband and wife
recorded !,2./.qR/"~.3 in Book ,fix/'.4,' page ~ as Filing No. fi-cfi/..//q
in the office of the recorder of Lincoln County, Wyoming, in the sum of $ 220~000.00
Legal Description:
See Exhibit "A" attached hereto and made a part here of
~/~~d grantor this //d day of &..' ,2003..~/~
P/)D R~ J-~ k~'E~ - '-'-" . //' LAfi'CE P. ROgIN~;ON
PRESID~ T / /~fCE PRESIDENT ,
CORPORATE AcKNO~EDGEMENT
STATE OF } Wyoming } ss
County of } Lincoln
)
On the //c~ day of ~_.~ , A.D. 2003, personallY appeared before me Rod
R. Jensen, who being by me duly sworn, did say that he is the President respectively of
the Bank of Star Valley, A Wyoming Corporation and that the said instrument was signed
in behalf of said corporation by authority of THE BOARD OF DIRECTORS, and
aforesaid officers acknowledged to me that said corporation executed the same.
Nd{'ary Public
Commission Expires:
Residing in:
Exhib~i t "Al'
453
That part of the SE1/4SW1/4 of Section 27, T34N, RllSW, Lincoln
County, Wyoming, being part of that tract of record in the
Office of the Clerk of Lincoln County in Book 118 of Photostatic
Records on Page 10.6, described as follows:
BEGINNING at a steel T-Shaped stake 24" long with metal cap
inscribed "SURVEY POINT PAUL N. SCHERBEL RLS164" on the East line
of said SE1/4SW1/4 identical with the West line of Homestead
Entry Survey No. 170, N00° 27'W, 667.17 feet from the South
one-quarter corner of said Section 27, found as described in the
~Certified Land Corner Recordation Certificate of record in said
office; THENCE N88o 33.1,W, 415.81 feet to a point, on the East
line of Bridger Forest Ranches Subdivision, Amended of record in
the said Office as Plat 116 identical with the Westerly
rightzof-way line 0f Strawberry Creek County Road No. 12-126;
THENCE along said East line of the Subdivision identical with
the said rightzof-way line as follows: THENCE N05° 41'E, 454.44
feet to a point; THENCE N37o 00'E, 40.92 feet to a 1" black iron
pipe with plastic cap'inscribed PE/LS698" identical with the
Southwest Corner of Strawberry Creek Subdivision of' record in
said Office as Plat No. 267; THENCE N89° 35'E, 136.40 feet along
the South line ot said Strawberry Creek Subdivision to the
Southeast Corner of said Subdivision marked by a steel T-shaped
stake described above; THENCE along the Southeast line of said
Strawberry Creek Subdivision as follows: THENCE N36° 10'E,' 100.18
feet to a steel T-shaped stake described above; THENCE
continuing N36o 10'E, 70.27 feet to a steel T-shaped stake
described above; THENCE N33° 52.5'E, 97.47 feet to a steel
T-shaped stake described above; THENCE continuing N33° 52.5'E,
87.20 feet to a steel T-shaped stake described above, on the
East line of said SE1/4SW1/4 identical with the West line of
Homestead Entry Survey No. 170; THENCE S00° 27'E, the base
bearing for this survey, 289.44 feet along said East line of the
SE1/4SW1/4 identical with the West line of said Entry to a
.steel T-shaped stake described above; THENCE continuing S00°
27'E, 497.67 feet along said identical line to the stake of
beginning; each "point" marked by a 5/8" steel reinforcing rod
as shown on the said Bridger Forest Ranches Subdivision plat..