HomeMy WebLinkAboutUSAA FEDERALSAVINGS BANK
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k 01156: 1 072 Augusta - Richmond County
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2007061198 Augusta - Richmond C ty
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County Attorney's Office
701 Greene Street, Suite 104
Augusta, GA 30901
STATE OF GEORGIA )
)
COUNTY OF RICHMOND )
THIS AGREEMENT, made and entered into this /1 day of
Th~e/)1h.e{ ,2007, by and between AUGUSTA, GEORGIA, a political subdivision
of the State of Georgia (hereinafter referred to as "AUGUSTA"), and USAA FEDERAL
SAVINGS BANK, (hereinafter referred to as "BANK");
SUBORDINATION AGREEMENT
WITNESSETH:
WHEREAS, JERRY L. CANNON and LEN T. CANNON (hereinafter referred to
as "OWNER") on June 17, 2004 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 938, page 1772.
WHEREAS, OWNER has granted an Easement dated
j...JDutlYlher .."Jj), :J.OtJ1 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 June 17, 2004 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 June 17, 2004, and recorded in the Office of the Clerk of the Superior Court of
Richmond County, Georgia in Realty Reel 938, page 1772, is and forever shall be
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Book 01156:1073 Augusta - Richmond County
2007061198 12/17/2007 12:00:16.00
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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.
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Signed, Sealed and
the pres~e
Witness
Notary Public, State of le'f.A~
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Book 01156:1074 Augusta - Richmond Count -
2007061198 12/17/2007 12:00:1J.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 13, Block A,
The Fair woods Subdivision, as shown on a plat recorded in the office of the clerk of the
Superior Court of Richmond County, Georgia, in Realty Reel 327, pages 1108-13.
Reference is hereby made to said plat for a more complete and accurate description of
said property hereby conveyed.
Said property is conveyed subject to Protective Covenants recorded in said Clerk's Office
in Realty Reel 291, Page 869.
Map and Parcel: 128-0-134-00-0
Filed in this office:
Augusta - Richmond County
12/17/200712:00:16.00
Elaine C~ Johnson - -
Clerk of Superior Court