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�� �� - N � 0 = N � 0 - � - N �� � - � �� �� � � �TURN TO: Home Federal Savin s� P O Box 1009 G�nd Island. NE 68802 fsi � C g � � � � � 9C S 1 V r �' y f_� � G ��,1 �i'� @.� _ A� � � E� . r c. �, ' G' � r� r �, � �� � �.._ C.D � rn �_�. � i f.�. 9 L � / � - -� � �� � ,� � �'"� c,� � [ ;n � F.r m � 0 cn SUBORDINATION AGREEMENT � � O '^I c D z m ---� � O O � ` z S rr7 D C7� r ;a r n v'� �� u cn THIS AGREEMENT made and exe�cuted t.�is aq�^ day of c.� LLr, e , 2012, by and betwcen HOME FEDERAL SAVINGS AND LOAN ASSOCIATION OF GRAND ISLAND, hereinafter referred to as "Subordinatin� Creditor" (whether one or more), and HOME FEDERAL SAVINGS AND LOAN ASSOCIATION OF GRAND ISLAND, hereina.fter referred to as "Secured Part�'. WITNESSETH: WI�REAS, George T Ayoub II and Jacalyn A Ayoub, (whether one or more), hereinafter referred to as "Debtor", has granted to the Subordinaxing Creditor a Mortgage or Deed of Trust dated June 3, 2010, and filed of record in the office of the Hall Cowrty Register of Deeds, on the 9� day of June, 2010, as Document No. 201003975 in respect to that real estate described as: Lot Fourteen (14� Grand West Subdivision in the City of Grrand Isla.nd, Ha11 Cowrty, Nebraska WFiEREAS, the Secured Pariy has agreed to erner into a loan transaction with the Debtor, whereby certain funds are to be advanced to the Debtor conditional upon the Debtor providing the Secured Party with a first lien in respect to the above described real estate, hereinafter referred to as the "Collateral"; and WI�REAS, the Subordinaxing Creditor is willing to subordinate any lien it may have in respect to the Collateral by reason of Subordinating Creditor's Mortgage or Deed of Trust of record to perfect security whenever and wherever filed in order to assure the Secured Party of a first lien position in and to the Collateral; NOW, THF.REFORE, it is agreed: 1. The Subordinaxing Creditor hereby consents to a subordination of its priority position to the Secured Party and agrees that its lien in resgect to the Mortgage or De�d of Trust hereinabove described, if any, shall ai all times be secondary to the extent herein provided aad subject to the lien of the Secured Pariy in respect to the Collateral. 2. The Subordinating Creditor hereby conserns to the Debtor granting Secured Party a first lien in a11 the Collateral as described above to secure indebtedness to be advanced to Debtor by Secured Party, in the original principal amount of One Hundred Twerny Thousand Four Hundred and 00i100ths Dollars ($120,400.00), recorded in the office of the Hall Coumy Register of Deeds on the � day of ��„� � , 2U 12, as Documern No. �e ao �. �'t . 3. So long as an obligation is outstanding from the Debtor to the Secured Party for indebtedness evidenced by Promissory Notes or other instruments of indebtedness to the extent herein provided in Paragraph 2, the Secured Party's interest in the Collateral shall have priority to over the lien of the Subordinating Creditor in that Collateral, and the Subordinating Creditor's irnerest in that Collateral is, in a11 respects, subj�t and subordinate to the security N v � � � c.n rn iV ..0 �� :�;, � l9� �; . �' '�, � � /� s v