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� Bank <br />August 17, 2020 <br />Center for Energy and Environment <br />ATTN: Loan Servicing Department—Marco Landoni <br />212 Third Ave N Suite 560 <br />Minneapolis, MN 55401 <br />RE: Tracy Cunningham—Subordination Request <br />1420 5th St NW <br />Elk River, MN 55330 <br />Loan #19-015204 <br />To Whom It May Concern: <br />Please accept this letter as a request for a subordination of the mortgage securing the above stated <br />loan. Erin and Tracy Cunningham are in the process of a no cash -out refinance with The Bank of Elk <br />River. We are requesting that your mortgage be subordinated in order for the new mortgage to be in <br />the 11t position. Your mortgage will remain in the 3rd position as follows: <br />1St Mortgage—New $136,000 <br />2nd Mortgage—Subordinated HELOC $30,000 (currently zero balance) <br />3rd Mortgage—CEE $14,910 <br />TOTAL $180,910 <br />Appraised Value $227,500 <br />TLTV 79.5% <br />Please let me know if you have any questions. You can reach me at 763-274-6890 or at <br />cwemple@thebankofelkriver.com <br />Sincerely, <br />�r <br />Corey A. Wemple <br />Vice President <br />Director of Consumer and RE Lending <br />caw <br />630 Main Street, Elk River, MN 55330 1 p) 763-441-1000 1 f) 763-441-0847 1 www.thebankofelkriver.com I Member FDIC <br />