HomeMy WebLinkAboutA003 - Mortgagee's Subordination dated February 28, 2000, by First American Bank INST.NO. 0-0 - 0
2 74
STORY COUNTY,
FILED FOR RECORD aS�1
APR 2 6 2000 PM
SUSAN L.VANDE MP Recorder oar
N OORDING FEES_. ----
AIJOIiIOR'S FEE$
RETURN T01PREPARED BY: Franklin J.Feilmeyer,618 Douglas Ave.,P.O.Box 270,Ames,IA 50010—Telephone:515-239-5000
MORTGAGEE'S SUBORDINATION
First Addition,Terra Firma Subdivision,Ames,Iowa
WHEREAS, First American Bank, (the "Mortgagee") is the present owner of the mortgage
given by Terra Firma, L.P. (the"Mortgagor"), to First American Bank under date of November 18, 1998,
and filed in the office of the Recorder of Story County, Iowa, on November 30, 1998, and recorded as In-
strument N°98-16550(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 First Addition, Terra Firma Subdivision, Ames, Iowa, has
granted certain easements described in an instrument dated the day of February, 2000, and filed in
the office of the Recorder of Story County, Iowa, on the day of 2000, and
recorded as Instrument N°00- (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
;j title, lie estate and interest the Mortgagee now has or may hereafter acquire in said real estate b
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of the aforesaid real estate mortgage same shall be junior,inferior and subordinate to the rights of the
ona�e,its successors and assigns,under the attached easement instrument.
°4 `ITNESS WHEREOF, the Mortgagee has caused this instrument to be executed on its behalf
`on this day of February, 2000.
•. "� filfST AMERICAN BANK
BY-
BY.
r BY:
Douglas 1#Bass,President Daniel D. Jacobson,Vice President
STATE OF IOWA,COUNTY OF STORY,SS:
On February , 2000, before me the undersigned, a Notary Public in and for said state, per-
sonally appeared Douglas R. Bass and Daniel D. Jacobson, to me personally known, who, being by me
duly sworn, did say that they are the President and Vice President, respectively of said CORPORATION
executing the foregoing instrument;that the SEAL is the seal of said corporation; that said instrument was
signed and sealed on behalf of said corporation by authority of its Board of Directors; and that the said offi-
cers acknowledged the execution of said instrument to be the voluntary act and deed of said corporation,by
it and by them voluntarily executed.
TAMR�A O EY G •w�,a. fC�_ �c,�f�,c��
?�- MY COMMISSION EXPIRES NOTARYPUBLIC
FJF N 200002241711