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..�� <br />..�_ <br />...__ <br />.� <br />�� <br />- <br />��� <br />e � <br />N � <br />- <br />N ��� <br />CJ7 = <br />� <br />�� <br />- <br />� <br />� <br />RETI7RN TO: <br />Hrnme Federal Sa��+i n�s 8c I.oan <br />P O Box ]009 <br />c�a ��a. r� bs8oa <br />� `.. � <br />M ; c� cn <br />o -� <br />a , � � C , -'�' z -� N <br />� � �` r , ` __ _' r'' o <br />C. � � ' �� --< o <br />.Z � ; �' ca � �' � <br />►�O �,,,�_ o -n z �� <br />f6'� m � <br />��' � � ; "" _" = rz7 � <br />� .�o � in � J� " ;' <br />ri � r' D � <br />, : � ! N <br />� � �`-'� C�� x <br />� , _ CJ'1 <br />� � ' � f � " � <br />i rrr { cJ0 C!� <br />� � �� � � <br />SUBORDINATION AGREEMENT <br />THIS AGREEMENT made and executed tlus IJ -�_ day of August, 2012 by and between HOME <br />FEDERAL SAVINGS AND LOAN ASSOCIATIOIV OF GRAND ISLAND, hereinafter referred to as ��, <br />"Subordinaxing Credito�" (whether one or more), axid HOME FEDERAI, SAVINGS AND LOAN ASSOCIATION � 3-- <br />OF GRAND ISLAND, hereinafter refened to as "Secured Party". / <br />WITNESSETH: <br />WI-iEREAS, James F Green and Vanessa. A Green, (whether one or more), hereina.fter referred to as <br />"Debto�", has granted to the Subordinating Creditor a Mortgage or Deed of Trust dated October 21, 2011 and filed <br />of record in the office of the Ha11 County Register of Deeds, on the 1 st day of November, 2011 as Document No. <br />201108160 in respect to that real estate described as: <br />Lot Seven (7), Eaglewood Acres Subdivision, Hall Courrty, Nebraska. <br />WI�REAS, the Secured Pariy has agreed to arter irno a loan transaction with the Debtor, whereby certain <br />funds aze to be advanc� 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 refened to as the "Collateral"; and <br />WI�REAS, the Subordinating Creditor is willing to subordinate any lien it may have in respect to the <br />Collateral by reason of Subordinating Creditor's Mortgage or Deai 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, THEREFORE, it is agreed: <br />l. The Subordinating Creditor hereby consents to a subordination of its priority gosition to the Secured <br />Party and a�rees that its lien in respect to the Mortgage or Deed of Trust hereinabove described, if any, sha11 at all <br />times be secondary to the extent herein providerl and subject to the lien of the Secured Party in respect to the <br />Collaxeral. <br />2. The Subordinating Creditor hereby consents ta the Debtor granting Secured Party a first lien in a11 the <br />Collateral as described above to secure indebtedness to be advanced to Debtor by Secured Party, in the original <br />principal amount of One Hundred Twenty Eight Thousand Two Hundred Ninety and 00/100ths Dollars <br />($128,290.00), recorded in the office of the Hall County Register of Deeds on the � da.y of August, 2012, as <br />Docume� No. ao � a O G l0 3't . <br />3. So long as an obligation is outstanding from the Debtor to the Secured Party for indebtedness evidenced <br />by Promissory ATotes or other instruments of indebtedttess to the extent herein provided in Paragraph 2, the Secured <br />Pazty's interest in the Collateral shall have priority ta over the lien of the Subordinating Creditor in that Collateral, <br />and the Subordinating Creditor's urterest in thai Collateral is, in all respects, subject and subordinate to the security <br />