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Book 01093:0004 Augusta - Richmond County
2006055414 12/06/2006 16:39:58.00
$0 00 AGREEMENT
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2006055414 Augusta _ Richmond County
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Return to:
County Attorney's Office
701 Greene Street, Suite 104
Augusta, GA 30901
STATE OF GEORGIA )
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COUNTY OF RICHMOND )
THIS AGREEMENT, made and entered into this L/j/- day of
])l.C~A11:e1' ,2006, by and between AUGUSTA, GEORGIA, a political subdivision
of the State of Georgia (hereinafter referred to as "AUGUSTA"), and SOUTHTRUST
MORTGAGE CORPORATION, (hereinafter referred to as "BANK");
SUBORDINATION AGREEMENT
WITNESSETH:
WHEREAS, V ARNELL GAINES and GLENNIS B. GAINES, (hereinafter
referred to as "OWNER") on February 28, 2002 gave to BANK a Security Deed to the
property described on Exhibit A, to secure a certain indebtedness to BANK and said
Security Deed is recorded in the Office of the Clerk of the Superior Court of Richmond
County, Georgia, in Realty Reel 777, page 2125.
- WHEREAS, OWNER has granted an Easement dated
w",,-kJ 1_!~ I z.....OO,", to AUGUSTA across the property described on Exhibit A,
the original of which is to be recorded in the Office of the Clerk of the Superior Court of
Richmond County, Georgia; and
WHEREAS, BANK is willing to subordinate the lien of its said Security Deed
dated February 28, 2002 to any interest that AUGUSTA may have in the above
referenced easement.
NOW, THEREFORE, in consideration of the premises and the mutual
covenants and promises hereinafter contained and the duties to be undertaken, BANK
does hereby agree and declare that the lien ofthe Security Deed from OWNER to BANK,
dated February 28,2002, and recorded in the Office of the Clerk of the Superior Court of
Richmond County, Georgia in Realty Reel 777, page 2125, is and forever shall be
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subject, subordinate and inferior in lien right and dignity at all times to the easement from
OWNER to AUGUSTA which is to be recorded in the aforesaid Clerk's Office.
WHEREFORE, BANK has caused this instrument to be executed by its duly
authorized officers and seal affixed, all on the date above first written.
SOUTHTRUST MORTGAGE
CORPORA nON
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Notary Public, State of 1JlAi t avt IL;v"..../ ~
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DEVRA L. BRANCH
NOTARY PU8UC
WIlke County, North Carolina
My CommIaIon EllpirIs October 24, 2010
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Book 01093:0006 Augusta - Richmond County
2006055414 12/06/2006 16:39:58.00
Exhibit A
All those lots, tracts or parcels of land with improvements thereon, situate, lying and being in
the County of Richmond, State of Georgia being known and designated as Lots 2, 3, 4 and 5,
Block B, Section I, Belair Hill Estates Subdivision. A plat of said lot is recorded in the Office
of the Clerk of Superior Court, Richmond County, Georgia in Realty Book 20-A, page 77;
reference is hereby made to said plat for a more complete and accurate description of the
metes, bounds and location of said property.
Tax Map Ref# 065-0-051-00-0 (Lot 2, Block B, Section 1)
3895 Padrick Street, Augusta, Georgia
Filed in this office:
Augusta - Richmond County
12/06/2006 16:39:58.00
Elaine-C..-Johnson- - -
Clerk of Superior Court