HomeMy WebLinkAboutSUBORDINATION AGREEMENT_ MARQUIS T. BATES After Recording Return to:
Andrew Kilpatrick
205 Pitcarin Way
Augusta GA 30909
SUBORDINATION
Date:
Property(the Legal description of the property under the Junior Mortgage):SEE ATTACHED EXHIBIT"A"
Property Address: 2001 Ashely Drive Augusta Ga 30906
Subordinating Lender:Augusta Georgia Housing and Community Development Department
Junior Mortgage
Date 9/23/2015
Borrower: Marquis T Bates
Note secured by Junior Mortgage: Augusta Georgia Housing and Community Development Department
Recorded Date: 9/25/2015
Original Principal amount:$5,000.00
Recording Information:Book 1503 Page 0681
New Lender:Carrington Mortgage Services
Date:
Borrower: Marquis T Bates
Note Secured by Refinance Mortgage: Carrington Mortgage Services
Recorded
Original Principal amount not to exceed:$65,628.00,which is a 30 year fixed FHA loan
NOW, THEREFORE, it is agreed that in consideration of one dollar and other good and valuable
consideration,the adequacy and receipt of which is hereby acknowledged, Lienholder agrees to
subordinate and make Lienholder's Lien subordinate in all respects to Carrington Mortgage Services
Lien,provided that under no circumstance shall Lienholder's lien be in any lower position than that of
a second lien holder position.
IN WITNESS WHEREOF,the parties have set their hands and seals as of the date first written above.
ATTEST: AUGUSTA, GEORGIA
BY
A Date:
�!Citi Hardie Davis,Jr.
`/IC//GAs Its Mayor
AV Date: �U 2 Z 1,6
J. «- Allen Jackson
As s Administrator
BY: mato,-
.�
N Date: S 3
Hawthorne Welcher,Jr., Direct
Housing&Community Development Department
Approved As To Form By:
//ie. Date:
Andrew G. Mackenzie
General Counsel
After Recording Return to:
Andrew Kilpatrick
205 Pitcarin Way
Augusta GA 30909
SUBORDINATION
Date:
Property(the Legal description of the property under the Junior Mortgage):SEE ATTACHED EXHIBIT"A"
Property Address: 2001 Ashley Drive Augusta Ga 30906
Subordinating Lender: Augusta Georgia Housing and Community Development Department
3rd Lein Mortgage
Date 9/23/2015
Borrower: Marquis T Bates
Note secured by 3rd Lein Mortgage:Augusta Georgia Housing and Community Development
Department
Recorded Date: 9/25/2016
Original Principal amount: $2,500.00
Recording Information:Book 1503 Page 0678
New Lender: Carrington Mortgage Services
Date:
Borrower: Marquis T Bates
Note Secured by Refinance Mortgage: Carrington Mortgage Services
Recorded
Original Principal amount not to exceed:$65,628.00, which is a 30 year fixed FHA loan
NOW,THEREFORE, it is agreed that in consideration of one dollar and other good and valuable
consideration,the adequacy and receipt of which is hereby acknowledged, Lienholder agrees to
subordinate and make Lienholder's Lien subordinate in all respects to Carrington Mortgage Services
Lien,provided that under no circumstance shall Cienholder's lien be in any lower position than that of
a third lien holder position.
IN WITNESS WHEREOF,the parties have set their hands and seals as of the date first written above.
ATTEST: AUGUSTA, GEORGIA
-;1----)
By: Date:
A CM Hardie Davis,Jr.
ORAs Its Mayor
By: t Vv. a. 1' 014 act-- Date: "' °da2 / ( _
J. ' e Allen Jackson 0
As Its Administrator
B. . ik:e _11 _41ADate: 5 1,3l i I
le
Hawthorne Welcher,Jr., Dire r
Housing&Community Development Department
4Approved As To Form By: , :f
/"► - Date:
Andrew G.Mackenzie
General Counsel