Laserfiche WebLink
C'> cn <br />f$s <br />' <br /> <br />z <br />1" <br />q <br />Rl <br />C~o -n <br />M <br />N) <br />-p <br />D <br />m <br />r <br />e <br />o <br />Ca <br />cr) <br />-4 <br />m <br />N <br /> <br />N <br />= <br />N <br />Cnn <br />UNILATERAL SUBORDINATION AGREEMENT <br />WHEREAS, the parties to this agreement are the old lender, namely The Platte-Valley <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 Jaosn D King and Lisa M King, Husband and Wife, hereinafter called BORROWER, <br />WHEREAS, BORROWER is the owner of the real estate hereinafter called <br />PROPERTY which is described as: <br />Fp LOT THREE (3), HOFFMAN SECOND SUBDIVISION, IN THE VILLAGE OF <br />r•. DONIPHAN,, HALL COUNTY, NEBRASKA <br />WHEREAS, BORROWER has executed a Note in a principal amount of $90,000.00 with a <br />current balance of $48,000.00 secured by a Mortgage/Deed of Trust in favor of LENDER #1, <br />covering the PROPERTY, recorded on as Inst. No. 0201006539 in the office of the Register of <br />Deeds of Hall County, Nebraska. <br />WHEREAS, BORROWER will be executing or has executed a Note in a principal <br />amount not to exceed $130,000.00 to be secured by a Mortgage/Deed 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. ✓ecork-,-? as -boG#alpl a Da 790 <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 />h <br />Dated this day of 2012 <br />(LENDER #1) <br />T ; .F3 By: <br />Darla Burnham, ice President <br />nta Platte Valley State Bank & Trust Co. <br />STATE OF NEBRASKA ) <br />)SS: <br />COUNTY OF l%--aV ) <br />ti <br />i <br />Acknowledged before me this day of .(~nr,~ <br />r ~ _ 2012 by Darla Burnham, Vice <br />President of Platte Valley State Bank & Trust Co. on behalf of sai orporation. <br />VALERIE C3ALV Notary Public <br />MY Comm rwn Nov 17, 2014 <br />(V <br />A <br />N <br />to <br />rV - <br />C, <br />S <br />