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Home My WebLink About930385.tiff RESOLUTION RE: APPROVE SUBORDINATION OF DEED OF TRUST AGREEMENT AND AUTHORIZE CHAIRMAN TO SIGN - STRICKER WHEREAS, the Board of County Commissioners of Weld County, Colorado, pursuant to Colorado statute and the Weld County Home Rule Charter, is vested with the authority of administering the affairs of Weld County, Colorado, and WHEREAS, the Board has been presented with a Subordination of Deed of Trust Agreement for Bob D. Stricker, with the terms and conditions being as stated in said agreement, and WHEREAS, after review, the Board deems it advisable to approve said agreement, a copy of which is attached hereto and incorporated herein by reference. NOW, THEREFORE, BE IT RESOLVED by the Board of County Commissioners of Weld County, Colorado, ex-officio Housing Authority Board, that the Subordination of Deed of Trust Agreement for Bob D. Stricker be, and hereby is, approved. BE IT FURTHER RESOLVED by the Board that the Chairman be, and hereby is, authorized to sign said agreement. The above and foregoing Resolution was, on motion duly made and seconded, adopted by the following vote on the 26th day of April, A.D. , 1993. / BOARD OF COUNTY COMMISSIONERS ATTEST: �j�/GG2%" WELCOUNTY, COLORADO Weld County Clerk to the Board !%�� -zfr CI- Consta ce L. Harbert, Chairman Deputy Cl rk to the Bo W. H Webster, Prcy Tem APPROVED AS TO FORM: �ezgg A QCs ey eorge,.E. Baxter ounty Attorney — Dale K. Hall Barbara J. Kirkmey r 930385 SUBORDINATION OF DEED OF TRUST By Deed of Trust dated April 23, 1990 and recorded in Book 1261 under Reception Number 02211640 and recorded April 23, 1990 , Weld County Records, Bob D. Stricker conveyed to Public Trustee of Weld County Certain real property described therein to secure an indebtedness payable to Weld County Housing Authority. Bob D. Stricker has executed, or will execute a Deed of Trust and Note payable to Eaton Bank conveying the same property. For one dollar or other good and valuable consideration, Weld County Housing Authority as holder of the indebtedness secured by the Deed of Trust described above, hereby agrees that it's Deed of Trust shall be subordinate in all respects to the lien of the Deed of Trust of Eaton Bank and the indebtedness secured by thereby, as though the Deed of Trust of Eaton Bank has been recorded first. Dated this i2/0 day of O Q , 1993 Constance L. Harbert 04/28/93 Chairman STATE OF COLORADO ) ss. COUNTY OF WELD The foregoing instrument was acknowledged before me this2nth day of April , 1993 by Constance L. Harbert as Chairman of the Weld County Housing Authority. Witness my hand and offical seal. My commission expires: /, MY CONJMiSSION EXPIRES JUNE 8, 1994 (I1 TARY PUBLIC 930365 Lisa3/44%;;;%\ WELD COUNTY HOUSING AUTHORITY PHONE(303)352-1551 P.O.O. Box Box A GREELEY.COLORADO 80632 viiC. COLORADO TO: Constance L. Harbert, Chairman, Board of County Commissioners FROM: Judy Griego, Director, Department of Social Services-/" 1 SUBJECT: Subordination Request - Stricker / J\ DATE: April 23, 1993 (i As discussed at the Housing Authority Worksession of April 19, attached for Board consideration is a subordination agreement on behalf of Bob Stricker. Mr. Stricker is a rental property owner who participated in our rental rehabilitation program in 1990. We currently have a lien on his property and are in second position. Mr. Stricker has applied for a loan to refinance his mortgage on his property. The past policy of the Board has been to subordinate to permit, refinancing as long as we maintain second position. If your Board agrees to subordinate, we will continue to be in second position. Staff is recommending your approval of the subordination agreement for Bob Stricker. If you have any questions, please telephone me at 352-1551 ext. 6200. I 443 h ,e,y - 930385 • SOLD • WHEELER REALTY •Better !Tel el Holmes_ / 1 April 8, 1993 Weld County Urban Renewal Sirs: I have applied and am receiving a new loan from the Eaton Bank. They will need to be in first position on their deed of trust. I am requesting you to subordinate your position as per my conversation with Jim Sheehan. Legal Description of subject property. • Lot 3 Block 1, Curtis Subdivision Town of Ault. AKA 120 1st. Street Ault Colorado 80610 Bob Stricken: • Greeley Downtown Office Greeley West Point Office Home Information Center Windsor Office Ault Office 1331 Stn Avenue 5401 W. 10th Street 23rd Ave. Hwy.34 Bypass 1053 Plain 629 Highway 85 Gree.ey,CC 806;1 Greeley,0,0 20634 Greeley,CO 80631 Windsor.CO 80550 Ault,CO 20610 '3021 355-1231 13031 353-0800 13031356-1331 (303) 686-7483 9 j1f�e�}«JV►S©J Hello