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� <br />1��� <br />�� <br />�� <br />N ��� <br />B <br />-� s <br />0 <br />� ��� <br />CD ��■ <br />W - <br />��� <br />�� <br />�� <br />.�_. <br />� <br />C <br />�A� <br />�pp � i/D <br />�� <br />I <br />�� � <br />� � <br />� <br />�!' <br />� <br />: � y <br />S�i ' <br />� ,_. <br />f�:, <br />!�._ ,. <br />(�` `, <br />��. <br />��. <br />r •,� <br />ti� n � <br />.V p '� � <br />_;'` C �' (V <br />C _.. .� '� " <br />c. -�c rn � � <br />o � o -n 4—* <br />� � � � � <br />� f rS <br />.� �, .� � <br />�� r �a <br />r p. � � <br />W ( r' � <br />� � <br />i� <br />,.. � v �✓ t� � <br />'� �l"J �' � <br />tn <br />� <br />� <br />RETURN TO: <br />Hame F�eral Savings 8c Loan �`' <br />Graud Island 1VE 68802 ,j � <br />SUBORDINATION AGREEMENT � D ' <br />THIS AG� ma.de and executed this ,�� da.y of 2012 by and between <br />HOME FEDERAL SAVINGS AND LOAN ASSOCIATION OF GRAND ISL , hereinafter referred to as <br />"Subordinaxing Creditoi" (whether one or more), and HOME FEDERAL SAVINGS AND LOAN A5SOCIATION <br />OF GRAND ISLAND, hereinafter referred to as "Secured Party". <br />WITNE5SETH: <br />WHEREAS, Deborah L Trosper and RobeR E Tmsper, (whether one or more), hsreinafter referred to as <br />"Debtoi", has grante�d to the Subordinating Creditor a Mortgage or Desd of Trust dated January 8, 2010 and file.tl of <br />record in the office of the Hall County Register of De�s, on the 19th day of January, 2010, as Document No. <br />201000375 in respect to that real estate describ� as: <br />Lot Twenty (20), Block Two (2), Bel-Air Addition to the City of Grand Island, Hall Cowtty, Nebraska. <br />WI�REAS, the Secured Pariy has agreed to errter irrto a loan tra.nsaction 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 />r�p�t to the above described real �tate, hereinafter referred to as the "Collateral"; and <br />WHEREAS, the Subordina,ting Creditor 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 Party of a first lien position in and to the Collateral; <br />NOVi�, THEREFORE, it is agreed: <br />1. The Subordinating Creditor hereby consents to a subordination of its priority position to the Secure,cl <br />Party and agrees tha.t its lien in respect to the Mortgage or Deed of Trust hereinabove described, if any, shall at all <br />times be sexondary to the extern herein provided and subject to the lien of the Secured Party in respect to the <br />Collateral. <br />2. The Subordinating Creditor hereby conaents to the Debtor gaatin� Secured Party a first lien in a11 the <br />Collateral as described above to secure indehtedness to be advanced to Debtar by Secured Party, in the original <br />principal amowrt of One Hundred Fifteen Thausand Nine H�ndred and 00l100ths Dollazs ($115,900.00), recorded in <br />the office of the Hatl Coumy Register of Dceds on the __�_ -� day of cT 1 v , 2012 as Document <br />No. .�,.o t a a �4 • <br />3. So long as an obligation is outstanding from the Debtor to the Secur� Party for indebtedness evidenced <br />by Promissory Notes or other instrumeats of indebtedness to the e�rtent herein provided in Paragraph 2, the Seaued <br />Party's nrterest 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 se�curity <br />imerest of the Secured Party to the extent of the principal sum yet owing to Secured Party in respect to the <br />indebtedness described in Paragraph 2 along with interest and costs allocable thereto, however evidenceci. <br />