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�� <br />� <br />�� <br />N � <br />B �� <br />� �� <br />N �� <br />A � <br />N � <br />� �� <br />N �� <br />- <br />�� <br />�� . •:--�� <br />�� r' 4� �� � ,�w �� 9 ,a �. �;�� <br />y � "°��, � � <br />,� �.,_ � <br />� e� dd'„ a ;a�► .-;; <br />���'` � <br />RbT[JRN TO: <br />Home Federal Savings & Loan <br />P O Box 1009 <br />Grand Island. NE 68802 <br />A <br />� <br />� <br />C'b � <br />� � � <br />� � <br />I <br />r ..� <br />c� <br />S ti <br />m <br />� s� � � �� <br />� � � <br />� t, ; �, c r''�-- � <br />a ,,� <br />�� <br />m � C11 <br />c� <br />� � <br />O � � <br />� � �--+ <br />�"'.J <br />C� - <br />'�^ r:7� <br />° c.o <br />SUBORDINATION AGREEMENT <br />n N <br />O -� <br />C �► <br />� --1 <br />� rn <br />� <br />O � <br />� Z <br />= rn <br />x► cn <br />r �o <br />r A <br />� <br />� <br />D <br />v� <br />� <br />d <br />� <br />,:+ <br />Y5 <br />T;� <br />� <br />y�� <br />THIS AGREEMENT made and executed this � day of Mazch, 2012, by and between HOME � U� <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 Party". <br />WI'TNESSETH: <br />WHEREAS, Richard D Raile and Denise M Raile, (whether one or more), hereinafter referred to as <br />"Debtor", has granted to the Subordinaxing Creditor a Mortgage or Deed of Trust dated June 16, 2010, and filed of <br />record in the office of the Hall County Register of Deeds, on the 14th day of July, 2010, as Document No. <br />201004841 in respect to that real estate described as: <br />Lot Twenty One (21), in Le Heights Fourth Subdivision, Hall County, Nebraska. <br />WI�REAS, 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 Party of a first lien position in and to the Collateral; <br />NOW, T'HEREFORE, 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 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 advanced to Debtor by Secured Party, in the original <br />principal amount of Seventy Three Thousand Six Hundred Ninety Five a�nd 00/100ths Dollars ($73,695.00), <br />recorded in the office of the Hall County Register of Deeds on the � day of March, 2012, as Document No. <br />�o e o �53 . <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 a11 respects, subject and subordinate to the security <br />N <br />0 <br />F--+ <br />N <br />O <br />N <br />V J <br />'J <br />N <br />.� <br />, , <br />