2006-08-03 Subordination Agreement
SUBORDINATION AGREEMENT
Date: ~.les,.f- 3 , 2006
FOR VALUABLE CONSIDERATION, the undersigned hereby subordinates the liens on
real property in Wright County, Minnesota, described as follows:
Lots 1-5, Block 1
Outlot A
All said property is located in Shoppes at Town Lakes Two, according to the plat of
record in the office of the Wright County Recorder, County of Wright, State of
Minnesota;
such liens are evidenced by the following mortgage executed by Allen R. Keller and Julie
A. Keller, husband and wife, Ted R. Klein and Jane E. Greers-Klein, husband and wife,
Wendell D. Timmer and Carla 1. Timmer, husband and wife, Stephen R. Upgren and
Kathleen A. Upgren, husband and wife, and Lionel D. Kull and Debra 1. Kull, husband and
wife, as tenants in common, as mortgagors, to Home Federal Savings Bank, a federal
savings bank as mortgagee:
A mortgage dated October 19, 2004 and filed for record November 2, 2004 as
document number 933641 in the Office of the County Recorder of Wright County,
Minnesota and amended by an Amendment to Mortgage dated October 31, 2005 and
filed for record November 3, 2005 as document number 984939 in the Office of the
County Recorder of Wright County, Minnesota
such liens are evidenced by the following mortgage executed by Granite City Innovative
Builders, Inc., and Manchester II, LLC, as mortgagors, to Home Federal Savings Bank, a
federal savings bank as mortgagee:
A mortgage dated April 16, 2004 and filed for record April 26, 2004 as document
number 906265 in the Office of the County Recorder of Wright County, Minnesota
and amended by an Amendment to Mortgage dated October 31, 2005 and filed for
record November 14,2005 as document number 986376
all to that certain document titled City Of Albertville Planned Unit Development
Agreement, Shoppes at Towne Lakes Two, subsequently filed for record as Document
Number in the Office of the County Recorder of the County of
Wright, State of Minnesota.
HOME FEDERAL SAVINGS BANK, a
federal savings bank
By:
Its:
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STATE OF MINNESOTA )
) ss.
COUNTY OF W~V\IDJ )
The foregoing instrument was acknowledged before me this ~D day of
fi~u.s+- ,2006, by E:""n' c.. D('+~dCLh \ , the Vi LC Rrcs;de.-rr\-
of me Federal Savings Bank, a federal savings bank, with authority on behalf of said
Home Federal Savings Bank.
DENISE E. SCHMIDT
NOTARV PUBUC-MlNNESOTA
My Comm. Exp. Jan. 31, 2010
rvu-db
THIS INSTRUMENT WAS DRAFTED BY:
Couri, MacArthur & Ruppe P .L.L.P.
705 Central Avenue East
P.O. Box 369
St. Michael, MN 55376-0369
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