HomeMy WebLinkAboutA010 - Mortgagee's Subordination dated November 14, 2002 03 - 01701.
INST.NO. /
STORY COUNTY,IOWA
FILED FOR RECORD Z
JAN. 2 8 2003 PM
SUSAN L VANDE KAMP,Recorder /
FEW.ME$1 -C AUD.FETE$
S P A -C E A S '0 V E R E S E R V E D F 0 R 0 F F I C I A L U S E
RETURN T0IPREPARED BY: Franklin J.Feilmeyer,Attorney at law,618 Douglas.Ave.,P.O.Box 270,Ames,IA 50010—Telephone:515-239-5000
MORTGAGEE'S SUBORDINATION
Farm Credit Services of America, FLCA, formerly known as Farm Credit Bank of Omaha
(the "Mortgagee") is the present owner of mortgages given by Edwin B. Finch and Mary E. Finch as fol-
lows: (1)dated 27 November 1991,and filed in the office of the Recorder of Story County,Iowa,on 5 De-
cember 1991, and recorded in Book 434 at Page 297,and(2)dated 12 March 2002, and filed in the office
of the Recorder of Story County, Iowa, on 25 March 2002, and recorded as Instrument N2 02-04513. By
virtue of said mortgages, Mortgagee has an interest in the Real Property described in the Easement filed
herewith as Instrument Ns 0 3--0 1700 and to be known as:
Palensky Subdivision,Story County,Iowa(the"Real Property").
The Mortgagee has been requested to subordinate its rights under said mortgage to the rights of
the Grantee, its successors and assigns, under the attached 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 this 1 N`�-day of L)�57 ., ,2002.
FARM CREDIT SERVICES OF AMERICA,
FLCA
BY:
Daniel dGoos,Assistant Corporate Secretary
STATE OF IOWA,COUNTY OF MARSHALL,SS: On the cUay of 2002,before
me the undersigned, a Notary Public in and for said state,personally appeared Daniel Goos, to me person-
ally known,who,being by me duly sworn,did say that he is the Assistant Corporate Secretary of said cor-
poration 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
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• Commission Number 103591
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NOTARY PUBLIC
FJF d 20021112171318 SHARP,JAHN,FEILMEYER FEILMEYER&KEE'NAN plc
Attomeys at Law•Ames,Iowa