2006-09-15 Subordination Agreement 1° � a , •� c�
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Doc. No. A 1026579
OFFICE OF THE COUNTY RECORDER
WRIGHT COUNTY, MINNESOTA
Certified Filed and/or Recorded on
09-21-2006 at 03:00
Check#: 10364 Fee: $46.00
Payment Code 02
Addl. Fee
Larry A. Unger, County Recorder
SUBORDINATION AGREEMENT
Date: September 15, 2006
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FOR VALUABLE CONSIDERATION, the undersigned hereby subordinates the liens on
real property in Wright County, Minnesota, described as follows:
Lot 2, Block 1 and Outlot A
All said property in Albertville Medical Building according to the plat of record in
the office of the Wright County Recorder, County of Wright, Minnesota;
such liens are evidenced by the following mortgages executed by Albertville Medical
Building, LLC, a Minnesota limited liability company and by Albertville Medical Building
II, LLC, a Minnesota limited liability company, as mortgagors,to Great Northern Bank, as
mortgagee:
A mortgage dated July 20, 2006, and filed for record July 26, 2006 as document
number 1018697 in the office of the county recorder of Wright County, Minnesota;
and as modified by the Amendment to and Partial Release of Mortgage dated
September 15, 2006, and filed for record SEPTEMBER 21 , 2006 as document
number 1026576 in the office of the county recorder of Wright
County, Minnesota;
to those certain documents titled City Of Albertville Planned Unit
Development/Conditional Use Development Agreement, Albertville Medical Building
(Albertville Medical Building, LLC), subsequently filed for record as Document Number
1026577 in the Office of the County Recorder of the above County, and City
Of Albertville Planned Unit Development/Conditional Use Development Agreement,
Albertville Medical Building (Albertville Medical Building II, LLC), subsequently filed
for record as Document Number 1026578 in the Office of the County Recorder
of the above County.
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Comm�rciai�artn�rs Title, LLC
200 South Sixth Street
Suite 1300
1 Minneapolis, MN 55402 . ;�}
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GREAT NORTHERN BANK
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By: ��5 (� s C !3!-eesJ
Its: U P
STATE OF MINNESOTA )
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COUNTY OF w Q� 5 k�- )
The foregoing instrument was acknowledged before me this /l� day of September,
2006, by�„S(m c E l3 I-P e s S , the_�, c c PQ e s� �.o ••��- of Great Northern
Bank, a Minnesota Bank Corporation, on behalf of the corporation.
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Notary Public
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�� RYAN D. BLEESS
�� NOTARY PUB�IG-MINNESOTA
My Comm. Exp ,1an 31,2010
THIS 1NSTRUMENT WAS DRAFTED BY:
Couri, MacArthur & Ruppe, P.L.L.P.
705 Central Avenue East
P.O. Box 369
St. Michael, MN 55376-0369
(763) 497-1930
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