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17-APPROVE RES AUTHORIZING EXECUTION OF SUBORDINATION OF LIEN TO LAMAR NATIONAL BANK REGARDING KENNETH WHITE DBA WHITE'S FLOORING
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01 January
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01.23.12
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17-APPROVE RES AUTHORIZING EXECUTION OF SUBORDINATION OF LIEN TO LAMAR NATIONAL BANK REGARDING KENNETH WHITE DBA WHITE'S FLOORING
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8/21/2012 4:06:33 PM
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1/23/2012 8:58:12 AM
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01/18/12 10:39AM LAMkRNkTLBk1dK 9037846222 p.03 <br />NOW THERETORF, THE CITY OF PARIS, TEXAS, for a valuable cansideration, the <br />receipt and sufficiency of which is hereby acknowledged, does hereby agree that note and liens <br />described herein as SECOND t11EN are hereby subordinated to the Proposed First Lien Note and the <br />Deed of Trust and other liens securing same_ The City of Paris, Texas herebv recognizes the Note <br />aild Liens described as PROA05ED FIRST LIEN when madc will be first, prior, and superior ta <br />those described as SECOND LIEN. <br />This Subordination Agreement was approved by Resalution of the Cifiy Counsel of the City of <br />Paris, Texasr on the day of January, 2012. <br />F.,XFCUTED this day of January, 2012. <br />`I'HE CITY OP PARIS, TEXAS <br />BY: <br />STATE OF TEXAS <br />CnUNTY OF LAMAR <br /> <br />A. J. Hashmi, Mayor <br />THIS INSTRUMENT was acknowledged before me on the day of Jaauary, 2012, by <br />A. J. HASHMI, Mayar of the Cify of Paris, Texas, on behaif uf said city. <br />Notary Public S#ate of 1"exas <br />AFTER RECORDING RETURN: <br />Lamar National Bank <br />200 South Collegiate <br />Paris, Texas 75460 <br />~ ~Z' <br />
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