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�� <br />� <br />N � <br />0 � <br />� � <br />N � <br />0 � <br />B � <br />� � <br />.� �� <br />- <br />� <br />� <br />� <br />WHEREAS, the parties to this agreement are the old lender, namely The Platte Valley / o <br />State Bank & Trust Company hereinafter called LENDER #1; and the new lender, namely Platte � �•� <br />Valley State Bank & Trust Co, Its. Successors and/or Assigns, hereinafter called LENDER #2 <br />and Matthew L Geiser and Lisa M Geiser, Husband and Wife, hereinafter called BORROWER, <br />� �a cn <br />^' � n N <br />� � �rn o <br />r � ..� o �, <br />o �.-+ � <br />� - � � z N <br />� z o � � <br />`� � � � n ° � <br />rn N N � <br />- W D CJ"1 <br />o ' � N � � <br />� � cn <br />N <br />� <br />UNILATERAL SUBORDINATION AGREEMENT <br />ts� <br />W <br />t.� <br />� <br />W <br />N <br />W <br />� <br />f-- <br />� <br />u� <br />s' <br />� <br />� <br />? <br />� <br />WHEREAS, BORROWER is the owner of the real estate hereinafter called <br />PROPERTY which is described as: <br />LOT TEN (10), BLOCK TWO (2), WOODLAND PARK FIRST SUBDNISION, IN <br />THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA <br />WHEREAS, BORROWER has executed a Note in a principal amount of $20,000.00 secitred by <br />a Mortgage/Deed of Trust in favor of LENDER #1, covering the PROPERTY, recorded on as <br />Inst. No. 0201008955 in the office of the Register of Deeds of Hall County, Nebraska. <br />WHEREAS, BORROWER will be executing or has executed a Note in a principal <br />amount not to exceed $164,350.00 to be secured by a MortgagelDeed of Trust in favor of <br />LENDER #2, covering the PROPERTY, and to be recorded in the office of the Register of <br />Deeds of Hall County, Nebraska. <br />NOW THEREFORE, in consideration of $1.00 and other valuable consideration, <br />receipt whereof is hereby acknowledge, LENDER #1 agrees to subordinate and does hereby <br />subordinate its liens as shown and referred to above, to the lien of LENDER #2 as shown and <br />referred to above, but only to the extent of the principal amount of the new lien as shown in the <br />above paragraph, plus any accrued interest, taxes, insurance or costs advanced to protect its <br />security. <br />�" � <br />Dated this �� day of 1X-��2011 <br />STATE OF NEBRASKA <br />COUNTY OF ��-�� <br />N <br />� <br />� � <br />r� <br />'� <br />�, <br />�� . �� <br />; <br />; <br />�0�.200254 <br />�LENDER #1) <br />By: <br />Darla Burnham, Vice President <br />Platte Valley State Bank & Trust Co. <br />) <br />)SS: <br />) <br />Acknowledged before me this � day of �dtC�Y��l l by Darla Burnham, Vice <br />President of Platte Valley State Bank & Trust Co. on behalf of sa'd Corporation. <br />� �; J <br />� (�1 s—' <br />GENERAL NOTARY - State of Nebraska Notary Pub1iC <br />VALERIE C�ALVAN <br />My Comm. Exp. Nor. t 7, 2ot4 <br />