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m <br /> � � N p� � <br /> m"' � cD m <br /> � � n� � N zm N m <br /> o ,Z�7� �,mj . D �O o 0 <br /> � � z� p � �z o cDi� <br /> � TA m � �� � � <br /> m cm'� p � r(Di� � � <br /> � �� � � � � C <br /> � <br /> m <br /> 00 � � � <br /> � c" z <br /> ~ O <br /> Return Address: <br /> Equitable Banlz <br /> PO Sog 160 <br /> Grand Island NE 68802-0160 <br /> AGREEM�NT SUBORDYNATING A REAL PROPEI2TY MORTCAGE <br /> This Agreement is made this 20th day of AUGUST_2012,by and Uetween,Hf�USING <br /> DEVELOPMENT CORPORATION(HDC)Niortgagee,and Equitable Bank,which has a pruicipal place of <br /> business in Hall County,Nebraska,herein rePerred to as LEND�R. <br /> The parties recite and declare that: <br /> A. HOUSING DEV�LOPMENT CORPORATION(HDC),Mortgagee is the owner and holder of a <br /> certain Real Propeity Mortgage dated May 20,2009,and filed in the Register of Deeds Office of Hall County,on <br /> May 20,2009,as Document No.200903953 of that County,covering,the following described property_ <br /> EAST THIRTY SEVEN I+E�T(37'),LO'Y'TEN(10),AND THE WEST FORTY 1IidZEE F�E(43'),LOT <br /> ELEVEN(11), ELOCK EICI3T(8),MORRIS FIFTH ADDITION TO THE CIT�'OF GRAND ISLAND, <br /> RAT,L COUNTY,NESRASKA. <br /> B_ LENDER is aboul to loan the sum of FIGHTY SEVEN THOUSAND FNE HUNZ)RED AND <br /> NO/100($87,500_00)on a Note and Deed of Trust secu.riug such Note to be filed against the above described <br /> property. <br /> C. To induce LENDER to make suchloan,it is necessary that the Rcal Property Mortgage held by <br /> HOUSING DEVELOPMENT CORPORATION(�IDC),described in Sectic�n A al��ve,be subordinated to the lien <br /> ofthe Deed of lntst about to be m�de in Favor oPthe L�ND�R as beneficiary as set forth above as it applies to the <br /> abo�e described properiq onl�. <br /> For thc reasons set forth above,and consideration of the mutual covenants and promises of the parties <br /> hereto,IIOUSING DEVELOPM�NT CORPORATION(fIDC),Mortgagee,and LENDER covenant and agree as <br /> follows: <br /> 1_ Subordination_ HOUSiNG DF_VELOPMENT CORPOR_ATION(HDC)hereby <br /> coveuants,consents and agrees�vith LENDER that the abovc-mentioned Rea1 Property <br /> Mortgage is and shall continuc to be subject to and subordinate in lien to the lien of the <br /> Deed of Trust about to be made to LENDER stated above. <br />