HomeMy WebLinkAboutA009 - Subordination of Mortgage dated December 10, 1993 and Mortgage dated May 18, 1994 ✓sM
SUBORDINATION
The undersigned, the present owner of the mortgages
hereinafter described, for valuable consideration, receipt of which
is hereby acknowledged, hereby agrees that the liens of the
following real estate mortgages executed by EVERETT W. COCHRANE and
MARJORIE L. COCHRANE, husband and wife:
A. Mortgage dated December 10, 1993 , and filed for record on
January 18, 1994, in Book 583, Page 6, records of Story
County, Iowa; and
B. Mortgage dated May 18, 1994, and filed for record on May
19, 1994, as Instrument No. 94-05716 in the office of the
Recorder of Story County, Iowa;
shall be junior, inferior and subordinate to the interests of the
CITY OF AMES, IOWA, in the areas designated for easements in the
Utility Easement filed for record on gpu&nbeC , 1994, as
Instrument No.q -1 Ip, a copy of which is attached hereto, marked
Exhibit "A" , and made a part hereof.
The undersigned specifically retains and reserves the mortgage
liens and all mortgage rights against all of the remaining property
embraced in the mortgages above described.
Words and phrases herein, including acknowledgment hereof,
shall be construed as in the singular or plural, and as masculine,
>�t
f' feminine or neuter gender, according to the context,`
Dated this � day of �� , 1994 '�;o G�`'+
RECOR M
FILED FOR �y MidAmerica Sav' gs Ba{>l ,' ;r-;
NOV 0 81994 PM �J4
�tlN l..VANDE KJ ''R6f / Ed . Arnd f e
Vice Presiden j
STATE OF IOWA, POLK COUNTY, s/s:
On this
/9- day of 1
1G /Q /�'� , 1994, before me, the
undersigned, a Notary Public in and for said state personally
2
appeared Ed E. Arndorfer, to me personally known, who being by me
' duly sworn, did say that he is the Vice President of the
corporation executing the within and foregoing instrument, that the
seal affixed thereto is the seal of the corporation; that said
instrument was signed and sealed on behalf of the corporation by
authority of its Board of Directors; and that Ed E. Arndorfer as
said officer acknowledged the execution of the foregoing instrument
to be the voluntary act and deed of the corporation, by it and by
him voluntarily executed.
070mberlo.R95A.HOLPAPublic in and for said State
MISSIOPI EXPIRES
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