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� � � � � � � � �� �� N 0 N e � W � 4� � �� ;� � C �� �� � �� �� O `�� � , � � a D r r n 0 � m � �n - -1 n � 0 -,.i c� � rn 0 � u : � r .� � � � o --� � z -�-1 N : � � rn � � � O � o -�-i J-�� Z p� � x rn 'TJ D m p � 3 r � r" D F—+ W � � � � � �.. � GJ � � � C7? � � Reium To: � Home Federal Sayjup & �+n rL �QBax 1009 /�i � Grand �od. �TE 65801 � SUBORDINATTON AGRE��vI 'T THIS AGREEMENT made and executed thzs � day of February, 2012, by FEDERAL HOME TAAN �.ANK OF TOPEKA , hereinafter referred to as "Subordinating Creditor" (whether one or more), for the benefit of HOME FIDERAL SAVINGS AND LOAN ASSOCIATION OF GRAND ISLAND, hereinafter referred to as "Seaured Party". WITNESSETH: WHEREAS, M 7eannee Fossberg and Bradley A Fossberg, (whethex one or more), hereinafter referred to as "Debtor", has granted to the Subordinating Creditor a Mortgage or Deed of Trust dated June 2. 2U08. and filed in the office of the Hall County Regi.ster of Deeds, on the 2�n day of 7une. 2008, as Document No. 200804732 in respect to that real estate descnbed as: Lot Six (6), Block Nine (9), Morris Fif�h Addition to the City of Grand Island, Hall Gounty, Nebraska. WHEREAS, the Secured Party has agreed to enter into a loan transaction with the Debtor, whereby certain funds aze to be advanced to the Debtor conditional upon the Debtor providing the Secured Party with a first lien in respect to the above described real estate, hereinafter referred to as the "Collateral"; aad WHEREAS, the Subordinating Creditor is willing to subordinate any lien it may have in respect to the Collaterat by reason of Suhordinating Creditor's Mortgage or Deed of Trust of recard to perfect security whenever and wherever fiFed ixi order to assure the Secured Party of a first lien gasition in and to the Collateral; NOW, THEREFORE, it is agreed: 1. 'The Subordinating Creditor hereby consents to a subordination of its priority position to the Secured Party and agrees that its lien in respect to the Mortgage or Deed of Trust hereinabove descn'bed, if any, shall at alI times be seoondary to the extent herein provided and subject to the lien of the Secured Party in respect to the Callateral. 2. The Subordi.nating Creditor hereby consents to the Debtor granting Secured Party a first Iien in all the Collateral as described above to secure indebtedness to be advanced to Debtor by Secured Party, in the oxiginal principal amount of Ninetv Eight Tho�zsand Six Hundred az�d 00/� QOths Dollars {$ 8 00 0, recorded in the office of the Hall County Register of Deeds on the � day of � ,?�l �� as Document No. e��°��i��,� 3. So long as an obligation is outstanding &om the Debtor to the Secured Party for indebtedness evidenced by Promissory Nates or other inshuznents of indebtedness to the extent herein provided in Paragraph 2, the Secured Party's interest in the Collateral shall have priority to over the lien of t.�►e Snbordinating Creditor in that Collateral, and the Subordinaring Creditor's interest in that Collateral is, in all respects, subject and subordinate to the security interest of the Secwed Party to the extent of the principal sum yet owing to Secured party in respect to the indebtedness described in Paragraph 2 along with interest and costs allocable thereto, however evidenced.