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- <br />- <br />� <br />B <br />� � <br />j -� <br />� _— <br />� � <br />C�J7 � <br />�� <br />- <br />� <br />�� <br />F� <br />� <br />o <br />� <br />� <br />� <br />� <br />^ S . =r.3 �i`y+1.�9�a,,a '•� '� �a� <br />�"���s:,�►��H`m �: ts p <br />� ��;�r:���.�� ;����" � . F �� <br />RbTl1RN TO: <br />Home Federal Savings & Loan <br />P O Box 1009 <br />Giand Island. NE 68802 <br />� <br />!7i �i <br />���� <br />� <br />� <br />1 <br />� 1 � <br />� a <br />r <br />� <br />o �. <br />� <br />rn <br />� ` c� <br />�l ..�� <br />m <br />� <br />0 <br />� <br />O • <br />r� <br />a <br />20110��" 5 <br />r�, i <br />v <br />�-...� <br />�� <br />� <br />n <br />N <br />� <br />� <br />3 <br />w <br />C.J <br />� <br />� � <br />� °� <br />� rn <br />''� o <br />O "*7 <br />� z <br />= m <br />D W <br />r � <br />r n <br />� <br />� <br />D <br />.... .� <br />� <br />� <br />SUBORDINATION AGREEMENT <br />THIS AGREEMENT made and executed this � day of December, 2011, by and between HOME <br />FEDERAL SAVINGS AND LOAN ASSOCIATION OF GRAND ISLAND, hereinafter referred to as <br />"Subordinating Creditor" (whether one or more), and HOME FEDERAL SAVINGS AND LOAN ASSOCIATION <br />OF GRAND ISLAND, hereinafter referred to as "Secured Part�'. <br />WITNESSETH: <br />WHEREAS, Jeff A Hubl and Mary Beth Hubl, (whether one or more), hereinafter referred to as "Debtor", <br />has granted to the Subordinating Creditor a Mortgage or Deed of Trust dated August 10, 2009, and filed of record in <br />the office of the Hall County Register of Deeds, on the 3rd day of September, 2009, as Document No. 200907261 in <br />respect to that real estate described as: <br />Lot Eight (8), Bishop Heights Third Subdivision, in the City of Grand Island, Hall County, Nebraska. <br />WHEREAS, the Secured Party has agreed to enter into a loan transaction with the Debtor, whereby certain <br />funds aze to be advanced to the Debtor conditional upon the Debtor providing the Secured Party with a first lien in <br />respect to the above described real estate, hereinafter referred to as the "Collateral"; and <br />WHEREAS, the Subordinating Creditor is willing to subordinate any lien it may have in respect to the <br />Collateral by reason of Subordinating Creditor's Mortgage or Deed of Trust of record to perfect security whenever <br />and wherever filed in order to assure the Secured Pariy of a first lien position in and to the Collateral; <br />NOW, THEREFORE, it is agreed: <br />1. The Subordinating Creditor hereby consents to a subordination of its priority position to the Secured <br />Party and agrees that its lien in respect to the Mortgage or Deed of Trust hereinabove described, if any, shall at all <br />times be secondary to the extent herein provided and subject to the lien of the Secured Party in respect to the <br />Collateral. <br />2. The 5ubordinating Creditor hereby consents to the Debtor granting Secured Party a first lien in all the <br />Collateral as described above to secure indebtedness to be advanced to Debtor by Secured Party, in the original <br />principal amount of One Hundred Fifty Three Thousand Eight Hundred Forty Five and 00/100ths Dollars <br />($153,845.00), recorded in the office o the Hall County Register of Deeds on the �v�'� day of December, 2011, <br />as Document No. ' � <br />3. So long as an obligation is outsta.nding from the Debtor to the Secured Party for indebtedness evidenced <br />by Promissory Notes or other instruments of indebtedness to the extent herein provided in Paragraph 2, the Secured <br />Party's interest in the Collateral shall have priority to over the lien of the Subordina.ting Creditor in that Collateral, <br />and the Subordinating Creditor's interest in that Collateral is, in all respects, subject and subordinate to the security <br />u <br />� <br />N � <br />O � <br />t-� � <br />h—'� � <br />O <br />C.D � <br />� <br />C�d � <br />a� <br />s <br />� <br />61'�! � <br />f���� <br />�^ <br />a: r . <br />