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�� <br />.�� <br />�� <br />- <br />N � <br />A - <br />N <br />0 <br />0 <br />a �� <br />� � <br />�� <br />�� <br />�� <br />�� <br />� �� M1. � .; �ai+ Iu�l1 r. ?� � <br />� f�°�rP�'6 ,� �'' � � ,�, °� � <br />S; f° `�� g �;- w � � � � <br /><tt.,� <� .,, � � <br />�L-:�_= ..,�. <br />y <br />� <br />� � <br />��.. <br />� � <br />� <br />� <br />\i <br />a <br />n <br />r <br />r <br />o ti� <br />l <br />� � <br />� <br />c� <br />� <br />--a <br />m <br />� <br />0 <br />— h <br />C7 a <br />P'�1 <br />m <br />d <br />� <br />rv <br />r_� <br />�.—+ <br />'v <br />� <br />� <br />�� <br />F—� <br />� <br />S <br />3 <br />f--► <br />r-� <br />_� <br />�� <br />G'� (/� <br />O --1 <br />c n <br />Z '-� <br />� m <br />� � <br />o -*� <br />T Z <br />= rn <br />D o� <br />r � <br />r n <br />� <br />� <br />A <br />N <br />� <br />RETIJRN TO: <br />HQme Federal Savin,�& Loan <br />P O Box 1009 <br />Giand Island, NE 68802 <br />SUBORDINATION AGREEMENT <br />THIS AGREEMENT made and executed this 2,gj'`+ day of February, 2012, by and between HOME <br />FEDERAL SAVINGS AND LOAN ASSOCIATION OF GRAND ISLAND, hereinafter refened to as <br />"5ubordinating 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 />WI�REAS, Michael A Fletcher Jr and Rosa E Fletcher, (whether one or more), hereinafter referred to as <br />"Debtor", has granted to the Subordinating Creditor a Mortgage or Deed of Trust dated February 8, 2012, and filed <br />of record in the office of the Hall County Register of Deeds, on the 17th day of February, 2012, as Document No. <br />201201263 in respect to that real estate described as: <br />Lot Six (6) in Block Eighty-Five (85) in Wheeler and Bennett's Fourth Addition to the City of Grand <br />Island, Hall County, Nebraska. <br />WHEREAS, the Secured Party has agreed to enter into a loan transaction with the Debtor, whereby certain <br />funds are 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"; aad <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 Party of a first lien position in and to the Collateral; <br />NOW, TF�REFORE, it is agreed: <br />N <br />0 <br />F--� <br />P�V <br />C� <br />N <br />O <br />0 <br />W <br />/0�� <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 Subordinating 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 adva.nced to Debtor by Secured Party, in the original <br />principal amount of Thirty Eight Thousand Fo Five and 00/100ths Dollars ($38,045.00), recorded in the office of <br />the Hall County Register of Deeds on the �� day of February, 2012, as Document No. �.o ►�. o t 50 ,5 <br />3. So long as an obligation is outstanding 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 Subordinating 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 />