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SUBORDINATION AGREEMENT <br /> DATE: 8/19/2020 <br /> FOR VALUABLE CONSIDERATION,the undersigned hereby subordinates the lien on real property in Sherburne <br /> County,Minnesota,legally described as follows: Lot 4,Block S, W.K Houlton's Addition to the Village of Elk <br /> River,Sherburne County,Minnesota,which is evidenced by a Repayment Note and Grant of Mortgage on Real <br /> Property dated 9/16/2016,and recorded on 1/30/2017,as Document No. 833750 in the Office of the Registrar of <br /> Titles of Sherburne County,Minnesota,to a subsequent lien evidenced by a Mortgage from ERIN THOMAS <br /> CUNNINGHAM and TRACY LORRAINE CUNNINGHAM,Spouses Married to Each Other,to The Bank <br /> of Elk River,Its Successors and/or Assigns as Their Interest May Appear,in an amount not to exceed One <br /> Hundred Thirty Six Thousand Dollars($136,000.00)and recorded on ,as Document No. <br /> in the Office of the Registrar of Titles of Sherburne County,Minnesota. <br /> Housing and Redevelopment Authority in and for the City of Elk River, Minnesota <br /> By: <br /> (Name of authorized signor) (Title of authority) (Signature) <br /> STATE OF MINNESOTA } <br /> } ss. <br /> COUNTY OF SHERBURNE } <br /> The foregoing instrument was acknowledged before me on by <br /> , the and authorized signer for the <br /> Housing and Redevelopment Authority in and for the City of Elk River,a Minnesota body corporate and politic. <br /> Signature of Notarial Officer taking acknowledgement <br /> NOTARIAL STAMP OR SEAL(or other Title or Rank) <br /> THIS INSTRUMENT WAS DRAFTED BY: <br /> Housing and Redevelopment Authority in and <br /> for the City of Elk River,Minnesota <br /> 13065 Orono Parkway, <br /> Elk River,MN 55330 <br />