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� <br />� <br />� <br />B � <br />� � <br />m = <br />�� <br />� � <br />0 � <br />�� <br />� <br />� <br />� <br />RETURN TO: <br />Home Fedetal Savinss & Lan <br />P O Box lOQ9 <br />Grand Island. NE 68802 <br />/a f �! <br />� ) c� <br />� _ ,� = r---� <br />• � 'v <br />C � 6P r �".. � <br />� �� Q � <br />++�f � H m � <br />�_ � � <br />� � � � <br />`�i ' m 3 <br />� � <br />n N <br />r° \• s <br />c � � <br />SUBORDINATION AGREEMENT <br />c� cn <br />� � <br />� rn <br />� <br />-� o <br />o � <br />�z <br />� rn <br />D W <br />r �o <br />r n <br />� <br />� <br />n <br />N <br />� <br />N � <br />O � <br />t—� � <br />'� <br />N �� <br />W �' <br />� ;� <br />��� <br />�'� <br />Q a_, <br />e:'� <br />��� <br />�,,,.: <br />�� <br />�' <br />THIS AGREEMENT made and executed this �� day of April, 2012 by and between HOME �� ���� <br />FEDERAL SAVIlVGS 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 />WITNESSETH: <br />WHEREAS, James F Castleberry and Wendy R Castleberry, (whether one or more), hereinafter referred to <br />as "Debtor", has granted to the Subordinating Creditor a Mortgage or Deed of Trust dated August 2, 2007, and filed <br />of record in the office of the Hall County Register of Deeds, on the 27th da.y of August, 2007, as Document No. <br />200707328 in respect to that real estate described as: <br />Lot Twenty Eight (28), Saddle Club Subdivision, Hall County, Nebraska <br />WI�REAS, the Secured Pariy has agreed to enter iirto 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 fust lien in <br />respect tu the above described real estate, hereinafter referred to as the "Collateral"; and <br />WI�REAS, the 5ubordinating Cr�iitor is willing to subordinate any lien it may have in respect to the <br />Collateral by reason of Suhordinating Creditor's Mortgage or Deed of Trust of record to perfect security whenever <br />and wherever filed in order to assure the Secured Pariy of a first lien position in and to the Collateral; <br />NOW, THEREFORE, it is agreed: <br />1. The Subordinating Creditor hereby consents to a subordina.tion of its priority position to the Secured <br />Pa,rty and agrees that its lien in respect to the Mortgage or Deed of Trust hereinabove described, if any, shall at a11 <br />times be secondary to the e�rtent herein provided and subject to the lien of the Secured Party in respect to the <br />Collateral. <br />2. The Subordinating Creditor hereby conseuts to the Debtor granting Secured Party a first lien in a11 the <br />Collateral as described above to secure indebtedness to be advanced to Debtor by Secured Party, in the ori�inal <br />principal amount of Sevemy Two Thousand Four Hundred Twenty Five and 00/100ths Dollars ($72,425.00), <br />recorded in the office of the Hall County Register of Deeds on the � day of April, 2012, as Document No. <br />ac��aoa� <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 irnerest 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 />