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�� <br />� <br />�� <br />N � <br />9 �� <br />� �� <br />N � <br />� �� <br />� �� <br />� - <br />� <br />� <br />�� <br />�� <br />� <br />!� <br />� <br />A� <br />� � <br />_ � <br />V` <br />i <br />1 ' <br />� <br />�� <br />� <br />� <br />� <br />2� <br />D � <br />r ,� � <br />C, r�� <br />�, --- <br />n-i t ; <br />u , � ..._, <br />r`�_ � <br />�� <br />i <br />a_, <br />:, � '; ; <br />-., <br />, � �n <br />r .; �� <br />� S <br />rv <br />i'= <br />' <br />.� <br />c :- <br />C:"� <br />C� <br />-; ) <br />=.3 <br />G� <br />,- � <br />c� <br />n � <br />O --� <br />C D <br />z -+ <br />--i rn <br />� O <br />o � <br />_'� � <br />�. rTt <br />A Cti <br />r � <br />r D <br />Gn <br />� <br />� � <br />n <br />N <br />� <br />F—a � <br />N G� <br />� � <br />� � <br />-Z � <br />CD � <br />� � <br />� <br />� <br />RETURN TO: <br />Home Federal SavinF!s & Loan <br />P O Box 1009 � � <br />Giand Island. NE 68802 � <br />� SUBORDINATION AGREEMENT l'�� <br />THIS AGREEMENT made and executed this _(� day of August, 2012, by and between HOME <br />FEDERAL SAVINGS AND LOAN ASSOCIATION OF GRAND ISLAND, hereinafter referred to as <br />"Subordinating Credito�" (whether one or more), and HOME FEDERAL SAVINGS AND LOAN ASSOCIATION <br />OF GRAND ISLAND, hereinafter referred to as "Secured Part�'. <br />WITNESSETH: <br />WHEREAS, James L Lewis and Julie K Knuth, (whether one or more), hereinafter referred to as "Debtor", <br />has granted to the Subordinating Creditor a Mortgage or Deed of Trust dated June 11, 2008, and filed of record in <br />the office of the Hall County Register of Deeds, on the 25�` day of June, 2008, as Document No. 200805454 in <br />respect to that real estate described as: <br />Lot Twenty (20), Speltz-Schultz Addition to the City of Grand Island, Hall County, Nebraska <br />WI�REAS, the Secured Party has agreed to enter into 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 first lien in <br />respect to the above descnbed real estate, 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 Subordinating 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 />NOW, TI�REFORE, it is agreed: <br />1. The Subordinating Creditor hereby consents to a subordination of its priority position to the Secured <br />Pazty 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 extent 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 granting Secured Party a first lien in all the <br />Collateral as described above to secure indebtedness to be advanced to Debtor by Secured Party, in the original <br />principal amount of Eighty Thousand Four Hundred Seventy Five and 00/100ths Dollars ($80,475.00), recorded in <br />the office of the Hall County Register of Deeds on the � day of 3'���� 2012, as Document No. <br />ao� 8C„ 1�8 . <br />3. So long as an obligation is outsta.nding 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 interest in the Collateral sha11 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 />