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Home My WebLink About1979 - Subordination Agreement - 60-61 Southcenter Associates / Schilling Trueman - 7902280732fit, O Pioneer National Title Insurance Company WASHINGTON TITLE DIVISION 7'= Filed for Record at Request of _D Q 6000 Southcenter Blvd Address R?. Q-! AQX $.0 k! City and State $.e.4.ttle,....WA 9.8.1.8.8 I THIS SPACE RESERVED FOR RECORDER'S USE: I 3 0 'x' N REcOFMED KC RECORDS SUBORDINATION AGREEMENT NOTICE: THIS SUBORDINATION AGREEMENT RESULTS IN YOUR SECURITY INTEREST IN THE PROPERTY BECOMING SUBJECT TO AND OF LONVER PRIORITY THAN THE LIEN OF SOME OTHER OR LATER SECURITY INSTRUMENT. The undersigned subordinator and owner agree as follows: 1. T 11ng...& Ma.rtha...B.....Schil ling referred to herein as "subordinator, is the ov and hol .,nei 6 D 6 9'8'4' 1 5 1971— which is recorded in volume of Mortgages, page.... under auditor's file No._712.2. records of King 9 Columbia M2rt?jqe_..CQ refc.rred to herein as "lender." is the Z'e(� 0 owner and holder of a U 19 T8., executed by. Ta ixg Southcenter RSSO 1 es (which is recorded in volume ..,...:of Mortgages, page tinder auditor's file N0790110067 records of King.. xl Coiiiiit• ncuvnt1v herewith).& Agree. Amending Deed of Trust dated 1217! I rcut cehter Associates a F 3. referred to herein as "owner, is the owner o it I t e real prirperty described in the mortgage identified above in Paragraph 2. 4. 111 consideration of benefits to "subordinator" from "owner," receipt and sufficiency of which is liereby acknowledged, and to induce "lender" to advance funds mider-its mortgage and all agreements in connection therewith, the "subordinator` does hereby unconditionally subordinate the lien of his mortgage identified in Paragraph I above to the lien of "lender's" mortgage, identified in Paraj,". ph 2 above, and all advances or charges made or acenting thereunder, including any extension or renewal thereof. 5. "Stibordinator" acknowledges that, rior to the execution hereof, he has had the opportimitv to examine the terms of "lender's" mortgage, note and agreements relating Xereto, consents to and approves -"me, and recognizes that lender" has no obligation to subordinator" to advance any funds under its mortgage or see to the application of "lender's" mortgage funds, and any application or use of such funds for purposes other than those provided for in such mortgage, note or agreements shall not defeat the subordina- tion herein made in whole or in part. 6. It is understood by the parties hereto that "lender" would not make the loan secured by the mortgage in Paragraph 2 without this agreement. 7. This agreement shall be the whole and only agreement between the parties hereto with regard to the subordination of the lien or charge of the mortgage first above mentioned to the lien or charge of the mortgage in favor of "lender" above referred to and shall supersede and cancel any prior agreements as to such, or any, subordination including, but not limited to, those proN*•isions, if anv, contained in the mortgage first above mentioned, which provide for the subordination of the lien charge thereof to -it mortgage or mortgages to be thereafter executed. S. The heirs, administrators, assigns and successors in interest of the "subordinator" shall be bound by this agreement. the word "mortgage" appears herein it shall also be considered as "deed of trust," and gender and mirriber' of pronouns considered to conforin to undersigned Executed this day of I 197.9.. NOTICE: THIS SUBORDINATION AGREEMENT CONTAINS A PROVISION WHICH ALLOWS THE PERSON OBLI- GATED ON YOUR REAL PROPERTY SECURITY TO OBTAIN A LOAN A PORTION OF WHICH MAY BE EXPENDED FOR OTHER PURPOSES THAN Ij IPROVEMENT OF THE L SIXTY—SIXTY—ONE SOUTHCgNTER ASSOCIATIS By 6 0 S Qqt ates.,..partner so.c.i bcenter�.,As. g Associates, partner d E I By: 6100 Southcenter A n ure pag(t) attached. Martha B. Subordinator Sch lling STATE OF WASHINGTON STATE OF WASHINGTON King ss- COUNTY ss. COUNTY O I On this day persooiffly appeared before me Onthis day of before me, the undersigned, a Notary Public in and for the State O f Trueman M. Schilling and ington, duly commissioned and swom, personally appeared Martha Schill I I ;Ind. I to me known to be the individual described in d to me known to be the President and who exec rated the within foregoing instrument, d Secretary respectively, of ackoowledged that ey signed the same as t he. i r free and voluntary act and deed, for t co) rgo i he ra tion that executed the foregoing i i n d a i the sainstrument to be the free and voluntary act and deed of said vor- the uses and porruis e� mentioned. I, I.; /f porntion, for the uses and purposes therein mentioned, and on oath stated /I GIVEN tin Nr kiiyjVgr;►hd pfficial seal this that to execute the said instrument and that the seal affixed is the corporate seal of said corporation. :t)a f y 19 79. AZ 'Witness; my band and official seal hereto affixed The day and year fist A_ above written. i �Sta_te for State Washington. Nota rv c i (14 6 qi)fd f of I the of Notar Public in and residing at IT IS RECOMNIEPC )iAi, PRIOR TO THE EXECUTION OF THIS SUBORDINATION AGREEMENT. THE PA11TILS CONSULT WYP1fTjhf1R'ATTORNEYS WITH RESPECT THERETO. By: 6000 Southcenter Associates BY .vx t ,n vin eXn Stele, Gen al Partner Date .Gary Scott, General Partner Date By: S 7 D. Bruce Morgan, General Partner Date By: CMH As socia s By: `4 )�q& Geor e McBee, neral Partner Date By: Do r Venerz Partner Date By: Bo b ChiaYattino, General Partner Date X17 6000 SOUTHCENTER ASSOCIATES: By: 0 r Arvin Ste'ilYle, General Partner Date N —Gary Scott, General Partner Date M r- By: s�� JtJ'- S '7 CD 00 D. Bruce Morgan, General Partner Date N N C N 6100 SOUTHCENTER ASSOCIATES: By: HMH LOGG an Oregon General Partnership ING, L. S .e,ling Hand, Gen ral P artner Date Robert Hanel, General Partner Date William Hanel, General Partner Date By: 6000 Southcenter Associates BY .vx t ,n vin eXn Stele, Gen al Partner Date .Gary Scott, General Partner Date By: S 7 D. Bruce Morgan, General Partner Date By: CMH As socia s By: `4 )�q& Geor e McBee, neral Partner Date By: Do r Venerz Partner Date By: Bo b ChiaYattino, General Partner Date X17 STATE OF WASHINGTON SS COUNTY OF KING On this day personally appeared before me ERVIN STEINLE, GARY SCOTT, and D. BRUCE MORGAN, as general partners of 6000 Southcenter Associates, to me known to be the individuals described in and who executed the within foregoing instrument, V and acknowledged that they signed the same as their free and voluntary act and deed, for the uses and purposes therein mentioned. GIVEN under my hand and official seal this day of 00 February, 1979. s Notary Public in and for State bf Washington, residing at 4 .S:. STATE OF WASHINGTON SS v�r..•.. COUNTY OF KING On this day personally appeared before me L. STERLING HANEL, ROBERT HANEL and WILLIAM HANEL, as general partners of HMH LOGC-ING, to me known to be the individuals described in and who executed the within foregoing instrument, and acknowledged that they signed the same as their free and voluntary act and deed, for the uses and purposes therein mentioned. GIVEN under my hand and official seal this -q Z February, 1979. Notary Public in and for`" th? St'a..tila of Washington, residing at L STATE OF WASHINGTON SS COUNTY OF KING On this day personally appeared before me GEORGE McBEE, DON HALBROOK and BOB CHIAROTTINO, as general partners of CMH Associates, to me known to be the individuals described in and who executed the within foregoing instrument, and acknowledge that they signed the same as their free and voluntary act and deed, for the uses and purposes therein mentioned. GIVEN under my hand and official seal this February, 1979. Notary Public in and for t:Ye State of Washington, residing at h 5� day of