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- <br />� <br />�� <br />� <br />�� <br />- <br />� <br />N <br />0 <br />N <br />B <br />-p <br />� <br />� <br />� <br />� <br />� <br />�� <br />- <br />�� <br />� <br />� <br />C <br />��1� <br />��66� <br />� � <br />RETURN TO: <br />Home Fedeial Savin gg, & I.oan <br />_P O Box 1009 <br />_Grand Island NE 68802 <br />_ <br />D <br />r <br />r , <br />n �'i <br />o �. <br />�� <br />m <br />n <br />�� <br />_� <br />+7 <br />� <br />o , <br />-,, <br />i� �� <br />��1 <br />frY <br />O P <br />Cn ) <br />r .� <br />�: � <br />h-� <br />��� <br />"=2 <br />� <br />� <br />rv <br />� <br />'�� <br />� <br />f-.+ <br />rv <br />_r_ <br />�� <br />� <br />d <br />C <br />Z <br />-� <br />� <br />0 <br />� <br />S <br />� <br />r <br />r <br />� <br />� <br />D <br />--1 <br />rn <br />O <br />� <br />� <br />rn <br />CfJ <br />� <br />n <br />� <br />� <br />v <br />v �i <br />� <br />� <br />N <br />O <br />� <br />N <br />� <br />� <br />t--� <br />� <br />..� <br />(G � <br />� v�, <br />� �� <br />� <br />� <br />SUBORDINATION AGREEMENT <br />, ,so <br />THIS AGRF�MFNT made and executed this � day of May, 2012 by and between HOME o <br />FEDERAL SAVINGS AND LOAN ASSOCIATION OF GRAND ISLAND, hereinafter referred to as <br />"Subordinating Crerlito�" (whether one or more), and HOME FEDERAL SAVINGS AND LOAN ASSOCIATION <br />OF GRAND ISLAND, hereinafter referred to as "Secured Party". <br />WITNESSETH: <br />WI�REAS, Cindy E Kennedy and Robert J Kennedy, (whether one or more), hereinafter refenect to as <br />"Debtor", has granted to the Subordinating Creditor a Mortgage or Deed of Trust dated April 10, 2009 and filed of <br />record in the office of the Hall County Register of Deeds, on the 21 st day of May, 2009, as Document No. <br />200903964 in respect to that real estate described as: <br />Lot One {1), Ace in the Hole Second Subdivision, Hall County, Nebraska <br />VVI�REAS, the Secured Party has agreed to enter into a loaa 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"; and <br />WI�REAS, the Subordinating Creditor is willing to subordinate any lien it may ha.ve in respe,ct to the <br />Collateral by reason of Subordinating Creditor's Mortgage or Deed of Trust of record to perfact 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 ageed: <br />1. The Subordinating Creditor hereby conserns 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 exteirt 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 �ranting Secured Party a first lien in a11 the <br />Collateral as descrihed above to secure indebtedaess to be advanced to Debtor by Secured Party, in the original <br />principal amou� of One Hundred Sixteen Thousand Five Hundral Fifty and 00/100ths Dollazs ($116,550.00), <br />recorded in the office of the Hall Coumy Register of Deeds on the 1 day of 2012 as <br />Document No. �.c� �� 03 � I. <br />3. So lon� 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 Pazagraph 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 Subordinaxing Creditor's interest in that Collateral is, in a11 respects, subject and subordinate to the security <br />