HomeMy WebLinkAboutA010 - Mortagee's Subordination dated March 13, 2000 INST.NO.
STORY COU
FILED FOR AMORD V1
MAR 2
9 2000
SUSAN L.VAN {AAP,Reootdsi
RETURN TOIPREPARED BY: Franklin J.Feilmeyer,618 Douglas Ave.,P.O.Box 270,Ames,IA 50010—Telephone:515-239-5000
MORTGAGEE'S SUBORDINATION
Fourth Addition,Dauntless Subdivision,Ames,Iowa
WHEREAS, William A. Moore, (the"Mortgagee") is the present owner of the mortgage given
by Jensen Development Corporation,LTD (the"Mortgagor"),to William A.Moore under date of July 23,
1999, and filed in the office of the Recorder of Story County, Iowa, on July 23, 1999, and recorded as In-
strument N°99-09963(the"Mortgage");
WHEREAS, the Mortgagor, as a condition to the approval by the City Council of the City of
Ames, Iowa, of the final subdivision plat of Fourth Addition, Dauntless Subdivision, Ames, Iowa, has
granted certain easements described in an instrument dated March 7, 2000, and filed in the office of the
Recorder of Story County, Iowa, on the o� day of �h , 2000, and recorded as In-
strument N°00- O 3 J 7 '7 (the"Easement");
WHEREAS,the Mortgagee has an interest in the real property described in the Easement, and the
Mortgagor has requested the Mortgagee to subordinate its rights under the Mortgage to the rights of the
grantee,its successors and assigns,named in the Easement instrument and deems it advisable to do so;
NOW, THEREFORE, the undersigned,for good and valuable consideration, agrees that whatever
right, title, lien, estate and interest the Mortgagee now has or may hereafter acquire in said real estate by
virtue of the aforesaid real estate mortgage same shall be junior,inferior and subordinate to the rights of the
Grantee,its successors and assigns,under the Easement instrument.
IN WITNESS WHEREOF, the Mortgagee has caused this instrument to be executed on its behalf
on this,13 day of March,2000.
WILLIAM A.MOORE
STATE OF IOWA,COUNTY OF STORY,SS:
On March_itL 2000,before me,the undersigned,a Notary Public in and for said State,person-
ally appeared William A.Moore to me known to be the PERSON named in and who executed the forego-
ing instrument,and acknowledged that he executed the same as his voluntary act and deed.
MY COMMISSION EXPIRE NO ARY P C
July 16,2000 ;n
FJF 200003101706 SHARP,JAHN,FEILMEYER&FEILMEYER,p1c
Attomeys at Law•Ames,Iowa PD