HomeMy WebLinkAboutA005 - Mortgagee's Subordination dated August 8, 2002 INST.NO.
STORY COUNTY, IOWA
FILED FOR RECORD 07—
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AUG 2 9 2002 PM M
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SUSAN L VANDE KAMP,Recorder Ski R
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S P A :0 E A 8 0 V E R E S E R V E D F 0 R 0 F -F I 0 I A L U S- E
RETURN T0IPREPARED BY: Franklin J.Feilmeyer,618 Douglas Ave.,P.O.Box 270,Ames,IA 50010—Telephone:515-239-5000
MORTGAGEE'S SUBORDINATION
KNOW ALL PERSONS BY THIS INSTRUMENT THAT:
Farm Credit Services of America,FLCA(the"Mortgagee")is the present owner of that certain
Mortgage given by Terra Firma, L.P., to Farm Credit Services of America, FLCA, under date of 30 April
2001, and filed in the office of the Recorder of Story County, Iowa, on 01 May 2001, and recorded as In-
strument,Ns 01-05144. By virtue of said mortgage, Mortgagee has an interest in the Real Property de-
scribed in the Easement filed herewith as Instrument Ne 02- 1 308`l and to be known as:
Seventh Addition,Dauntless Subdivision,Ames, Iowa, a replat of Lots 2 and 3, Fifth
Addition,Dauntless Subdivision,Ames,Iowa(the"Real Property").
The Mortgagee has been requested to subordinate its rights under said mortgage to the rights of
the City of Ames,Iowa,its successors and assigns,as Grantee under said 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 attached easement instrument. Farm Credit Services of
America,FLCA,specifically retains its security interest in the mortgage except as specifically subordinated
to Grantee by this Agreement
IN WITNESS WHEREOF,the Mortgagee has caused this instrument to be executed on its behalf
on August ,2002.
FARM CREDIT SERVICES OF
AMERICA,FLCABY C
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Daniel Goos,
Assistant Corporate Secretary
STATE OF IOWA,COUNTY OF MARSHALL,ss:
On August , 2002,before me the undersigned, a Notary Public in and for said state,person-
ally appeared Daniel Goos, to me personally known, who, being by me duly sworn;did say that he is the
Assistant Corporate Secretary of said corporation executing the 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 Daniel Goos as such officer acknowledged the execution of said
instrument to be the voluntary act and deed of said corporation,by it and by them voluntarily executed.
Place notorial stamp or seal here(Iowa Code§9E.6A):
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A� Commission
A.EMERSON
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* ssion Number tg2gy NOTARY PUBLIC
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FJF r 20020808153943 SHARP,JAHN,FEILMEYER,FEILMEYER&KEENAN plc
Attomeys at Law•Ames,Iowa