HomeMy WebLinkAbout990155.tiff RESOLUTION
RE: APPROVE SUBORDINATION AGREEMENT AND AUTHORIZE CHAIR TO SIGN -
BILLY AND DONNA HONEBEIN
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 Agreement between
the County of Weld, State of Colorado, by and through the Board of County Commissioners of
Weld County, on behalf of the Weld County Housing Authority, and Billy and Donna Honebein,
with 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 Agreement
between the County of Weld, State of Colorado, by and through the Board of County
Commissioners of Weld County, on behalf of the Weld County Housing Authority, and Billy and
Donna Honebein be, and hereby is, approved.
BE IT FURTHER RESOLVED by the Board that the Chair 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 25th day of January, A.D., 1999.
BOARD OF COUNTY COMMISSIONERS
de
ATTEST:
l ® COUNTY, COL ADO
R
Dale K. Hall, Chair
Weld County Clerk to t =,r,,,: ; �S ,./ 'r, . -
m EXCUSED DATE OF SIGNING (AYE)
'1 F.-77- L Barbara . Kirkmeyer, Prg-Temp
BY: , i. i .- 2' fr .lam
Deputy Clerk to the Bo- .► S �� .c eorge axter
AP A T FORM: 22,47 iii
J. Lei e
my Attorney] n;y %�/ �
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990155
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13!89 FRI 16:07 FAX 1 970 353 5196 ALTERNATIVE MORT "le A ((002
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571 SUBORDINATION AGREEMENT
In consideretlon of the mutual benefits to be derived herefrom, the undersigned mortgagee,
THE WELD COUNTY HOUSING AUTHORITY owner—
and
monger), dated DECEMBER 9, 1 997 , executed by BILLY G. AND DONNA JEANHONEBEIN
the office of the Register of Deeds In the Countyof WELD • hereinafter called Mortgagor, and recorded in
in Jacket and brace of COLORADO
Records, Image , Document No, 258 '558
DECEMBER 22. 1 997 , hereby subordinates its interest in such mortgage on
mortgage to FIRST UNION MORTGAGE CORPORATION and In the lands described therein, to a
covering all or a potion of the sauna land dated
principal amount of a 1 07, 000. 00 , executed by BILLY GALE AND DONNA JEAN HONEBEIN in the
Mortgagor, end recorded in the office of the Register of
Deeds in the said County and State, in Jacket s Records, Image 9 Document No.
•
THE WELD COUNTY HOUSING AUTHORITY
Corporate Munn
,
By: (Seal)
Officer title
Che r;nan, E arc', of , unty Cur cat - (ys
By (Seal) P„"_L T: I ��t �,�
&leer Title
1',ELL CCU:L I' r "cle
(Corporate Seal) 2r1 7c� (�Y
f�ILS?6_L_i�
ACKNOWLEDGEMENT c -/ a.�� >
STATE OF ��` �'
COUNTY OF at
Personally carne before me this �7� day of _Lilt,
Donald D. Warden Chairman, Board of County
(isle) Commissioners
and
Commissioners
Esther E. Gee.'• -..•- , Deputy Clerk To The Board
pY L30mi.) and
above named torporific • known to ttf✓s'', person(s) and efficr(s) who executed the foregoing Instrument and
acknowledged that they j aafltaaelQae e' l teals), by Its authority for the purpose therein contained.
mWNGHAM
f�6pary Public, County
MyCo�rsa onE MAO a My Commission expires:
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2875572 02/25/1999 12:01P Weld County CO
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