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Post 2:
STATE
OF WISCONSIN DEPARTMENT OF VETERANS AFFAIRS
30 West Mifflin Street, P.O. Box 7843, Madison WI 53707-7843
(608) 266-1311 FAX (608) 267-0403
Wisconsin Statutes Chapter 45 SUBORDINATIONThis space is reserved for recording Data Return to: Parcel Identification Number (PIN)
NAMES OF MORTGAGORS:
LEGAL DESCRIPTION:
WHEREAS,
________________________________________________________________________________________________
is the owner and holder of a first mortgage recorded in the office of
the Register of Deeds for ______________________________ County, Wisconsin,
on ___________________________________________________________________________________________
as Document No. _________________________________________________ covering
the above-described premises, and whereas the State of Wisconsin, Department
of Veterans Affairs is the owner and holder of a second mortgage, recorded
in the office of the Register of Deeds for ___________________________________________
County, Wisconsin, on ______________________________ ______________________________________________________________
as Document No. _________________________________ covering the above-described
premises, and
WHEREAS,
_______________________________________ and _____________________________________________,
his wife, mortgagors, in the above-described mortgages and title holders
to the above-described premises, desire to obtain a new first mortgage
from ____________________________________________________________________________________________
in the amount of $________________________________ consisting of their
present first mortgage balance of $__________________________ and an
additional advance to be made under the new first mortgage in the amount
of $___________________________________.
NOW
THEREFORE, in consideration of one dollar and other good and valuable
consideration in hand paid, and on the condition that by so subordinating
its mortgage, its mortgage will be a lien on the above-described premises
inferior only to the lien of the total new mortgage indicated above
in the amount of $____________________ and to any lien for real estate
taxes not yet due, or for special assessments, the State of Wisconsin,
Department of Veterans Affairs does hereby subordinate the lien of its
second mortgage to the lien of the total new mortgage indicated above
in the amount of $_____________________; and does hereby agree and declare
that its mortgage shall in all respects be a second mortgage to that
of a mortgage in the stated amount to _______________________________
_________________________________________________________________________________________,
but that if the aforesaid condition is not met, the lien of its mortgage
shall not be so subordinated to the lien of the aforesaid total new
mortgage.
IN WITNESS
WHEREOF, the State of Wisconsin, Department of Veterans Affairs has
caused these presents to be signed by John A. Scocos, its Secretary, at
Madison, Wisconsin, this __________ day of ___________________________________,
_________.
STATE OF WISCONSIN )
) SS
COUNTY OF DANE
)
Personally
came before me this ____________ day of ______________________________________,
_______, the above-named John A. Scocos, Secretary of the State of Wisconsin,
Department of Veterans Affairs, to me known to be such officer who executed
the foregoing instrument and acknowledged the same as the deed of the
department by its authority.
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