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. . 201201756 THIS AGREEMENT(the"AgreemenY�,effective as of the Effective Date above,is made by and among the Subordinating I,ender,Owners and the Senior Lender named above. MATTHEW W.HOFFMAN AND SANDRA K.HOFFMAN,HUSBAND AND WIgE,AS JOINT TENANTS AND NOT AS TENANTS IN COMMON(individually and collectively the"Owner")own tl�e real property located at the above Property Address(the"Properry'�. The Subordinating Lender has an interest in the Properly by virtue of a Real Estate Deed OF Tmst(With Future Advance Clause)given by the Owner,covering that real property,more particularly described as follows: See Extdbit A which document is dated the lOth day of October, 2005,wlilch was filed in Instrument#2005]1545 at page N/A (or as No.N/A)of the Records of the Office of the Register of Deeds of the County of HALL,State of Nebraska (the"Existing Security Instrume�rc'�.The Existing Securily Instrument secures repaymeut of a debt evidenced by a note or a line oF credit agreement extended to MATTf�W W HOFFMAN and SANDRA K HOFFMAN (individually and collectively`Borrower'�by the Subordinating Lender. The Senior Lender has agreed to make a new loan or amend an existing loan in the original principal amount NOT to exceed$76,880.00(rhe"New Loan or Amended Loan'�,provided that the New Loan or Amended Loan is seciued by a first lien mortgage on the Property(the"New Security InstrumenP')in favor of t6e Senior Lender. If the New Loan or Amended Loan exceeds this amount,the Subordination Ageement is VOID. The Subordinating Lender is willing to subordinate the lien of the Existing Security Inslrument w the lien of the New S�uriry Instrument uoder the terms set forth in this Agreement NOW,THEREFORE,for and in cousideration of the above recitals,the covenanrs herein contained,and for good and valuable consideration,the receipt of which is hereby ac�owledged,the parties agree as follows: A.Agreement to Subordinate Subordinating I,ender and Trustee,if applicable,6ereby subotdinabes the lien of the Existing Security Insm�ment,and all of its modifications,extensions and renewels,to the lien oFthe New Security Instnnnent. This Agreement is effective as to any sum whose repayment is presently secured or which may in the fut�ue he secured by the Existing Securiry Instrument. B. Appointment of Su6aHtute Trustee IfAppdicab[e The Existing Security Iustrument names N/A,as Tmstee and the Subordinating Lender as Beneficiary.The Earisting Security Instrument provides that the Subordinating Lender may designate and appoint a substitute Tmstce in place of any ather Wstee by an instrument recorded among the appropriate land records. The Subordinating Lender hereby removes N/A as Trvstee and designates and appoints N/A as substitute Trustee with the same powers aod duties as were originally vested in the Originsl Trustee under the Existing Security Instrument. C. General Terms and Condidons Binding Effeet—This Agreement sliall be binding upon and inwe to the benefit of the respective heirs,legal representarives,successors and assigns of the parties hereto and all of those holding tiUe under any of them. Nonwaiver—T6is Agreement may not be changed or berminated orally.No indulgence,waiver,election or nonclection by New Lender or the trustee(s)under the New Security Inshument or related documents shall affect ttus Agreement. SLTBORDINAITON ONLY_NE 10.25-10 Page 2 of 3 0000000000410899