HomeMy WebLinkAboutSRP FEDERAL CREDIT UNION
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Book 01017:1223 Augusta - Richmond County
2005046760 10/04/2005 11 :29:05.00
$0.00 AGREEMENT
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2005046760 Augusta - Richmond County
Return to:
County Attorney's Office
70 1 Greene Street, Suite l04
Augusta, GA 30901
STATE OF GEORGIA )
)
COUNTY OF RICHMOND )
SUBORDINA nON AGREEMENT
~
THIS AGREEMENT, made and entered into this .:<~ day of
~ 2005, by and between AUGUSTA, GEORGIA, a political subdivision
o the State of GeorgIa (heremafter referred to as "AUGUSTA"), and SRP FEDERAL
CREDIT UNION, (hereinafter referred to as "BANK");
WITNESSETH:
WHEREAS, STEPHEN G. DOTTS AND ANNETTE P. DOTTS (hereinafter
referred to as "OWNER") on December 16, 1997 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 582, page 1285.
WHEREAS, OWNER has granted an Easement dated
~jv..J I- I~: 'lau';- to AUGUSTA across the property described on Exhibit A,
the original ot which is to be recorded in the Oftice ofthe Clerk of the Superior Court of
Richmond County, Georgia; and .
WHEREAS, BANK is willing to subordinate the lien of its said Security Deed
dated December 16, 1997 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 of the Security Deed from OWNER to BANK,
dated December 16, 1997, and recorded in the Office of the Clerk of the Superior Court
of Richmond County, Georgia in Realty Reel 582, page 1285, is and forever shall be
Book 01017:1224 Augusta - Richmond County
2005046760 10/04/2005 11 :29:05.00
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.
SRP FEDERAL CREDIT UNION
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A TrEST:
Signed, Sealed and Delivered in
the presence of:
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Unofficial Witness
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Book 01017:1225 Augusta - Richmo~dC~~nt;--
2005046760 10/04/2005 11 :29:05.00
Exhibit A
All that lot or parcel of land with improvements thereon, situate, lying and being in the
State of Georgia, County of Richmond, being known and designated as Lot 4, Block B,
Karleen Acres, as shown on a plat thereof recorded in the Office of the Clerk of the
Superior Court of Richmond County, Georgia, in Reel 223, page 410, reference is hereby
made to said plat for a more complete and accurate description as to the exact metes,
bounds, dimensions and location of said property.
Filed in this office:
Augusta - Richmond County
10/04/2005 11 :29:05.00
Eiaine C. johnson n - - - ---
Clerk of Superior Court