HomeMy WebLinkAboutA006 - Subordination Agreement dated March 13, 1989 i
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SUBORDINATION AGREEMENT
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AMES SAVINGS AND LOAN ASSOCIATION, Mortgagee of a
certain Real Estate Mortgage executed by DUFF CENTRE LIMITED
,y) PARTNERSHIP as Mortgagor, said Mortgage being. dated April 3,
n 1987, and having been filed in the office of the Recorder of
' Story County, Iowa, .on April 3 , 1987, in Book 309, commencing at
i Z page 192 , does by these presents subordinate its interest as
t� Mortgagee in the real estate described in said Mortgage to any
utility easements now existing or to be granted to the City of
y" Ames, Iowa, its successors and assigns, by the Mortgagor as
I owner-proprietor of said real estate, in connection with the
platting of DUFF CENTRE SUBDIVISION OF AMES, IOWA, the real
N estate being described in said Mortgage and subject to its terms
being 'included within said proposed subdivision, and does further
by this instrument acknowledge and agree that the real estate
described in said Mortgage shall -be subject to such utility
_,easements.
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Dated at .Ames, Iowa, this day of March, 1989.
AMES SAVINGS AND LOAN ASSOCIATION
INST.NO. 06542
STORY COUNTY, IOWA By Z
FILED FOR RECORD s epk L. Smith,
"V` 0 0enior Vice-President
MAR 31 1989 PM-
SWAN L.VANDE KAMP, Recorder By
Oerretary
n E. Jacobs ,
Recording Fee$-5. ,=
Auditor's Fee$ �—
STATE OF IOWA )
ss.
COUNTY OF STORY )
On this 3 day of �ry� .1989 , before me,
the undersigned, a Notary Public in and for the State of .Iowa,
personally appeared Joseph L. Smith and
Karen E. Jacobson to me personally known, who, being by
me duly sworn, did say that they are the Sr. Vice-President and
Secretary , respectively, of said corporation executing the
within and foregoing instrument; that no seal has been procured
by the said corporation; that said instrument was signed on
behalf of said corporation by authority of its Board of
Directors; and that the said _ I Joseph L. Smith and
Karen E. Jacobson , as such officers, acknowledged the
execution of said instrument to be the voluntary act and deed of .
said corporation, by it and by them voluntarily executed.
.�° •� FRANK 8.JOHNSTON
MYCD��11MV.S1oll EXPIRES Notary Public in an for the
5d ��1 State of Iowa
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