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�� �� - - N � B � � N �� 0 �� V W � � � � �� � �� - a� � � � � � � � r -: c. � � �----� � _ •V + � C.T �i e r, '�''; - rv � �+ G i;: �'s �k ;J �.__ � rn - c� � ' f � � � -� ' . � � �`� N V r �� C7 ��' (i� � rn �._ _ N 0 en SUBORDINATION AGREEMENT C7 C!> � � C � z rn � '� O O � -,� z � rn D m r � r n � � I} +`/� � N O � iV O -.7 W � -� "�. RA_ M L � �t ¢� � wn t3 u THIS AGREEMENT made and executed this Z$ day of �" 2012, by FEDERAL HOME LOAN BANK OF TOPEKA, hereinafter referred to as "Subordinating Creditor" (whether on or more), for the benefit of HOME FEDERAL SAVINGS �� AND LOAN ASSOCIATION OF GRAND ISLAND, hereinafter referred to as "Secured Pariy". ��;.. WITNESSETH: /�,5� WHEREAS, Tad Ralph A Lucas a/k/a Tad Ralph Lucas, hereinafter refened to as "Debtor", has granted to the Subordinating � Creditor a Mortgage or Deed of Trust dated June 26, 2008, and filed in the office of the Hall County Register of Deeds, on the 26�' � day of June, 2008, as Document No. 200805526 in respect to that real estate described as: � ? Lot Twenty Two (22), Block Four (4), Morris Second Addition to the City of Grand Island, Hall County, Nebraska. � WHEREAS, the Secured Party has agreed to enter 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 WHEREAS, the Subordinating 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 posirion in and to the Collateral; NOW, THEREFORE, it is agreed: 1. The Subordinating Creditor hereby consents to a subordination of its priority position to the Secured Party and agrees that its lien in respect to the Mortgage or Deed of Trust hereinabove described, if any, shall at all times be secondary to the extent herein provided and subject to the lien of the Secured Party in respect to the Collateral. 2. The Subordinating Creditor hereby consents to the Debtor granting Secured Party a first lien in all the Collateral as described above to secure indebtedness to be advanced to Debtor by Secured Party, in the original principal amount of Fifty Nine Thousand Five Hundred Twanty Five and 00/100ths Bollars ($59,525.00�, reearded in the af�c,°, of Che Ha11 County R�gister of Deeds on the � day of r, 2012, as Document No. C�/,�(1��• 3. So long as an obligarion is outstanding from the Debtor to the Secured Pariy for indebtedness evidenced by Promissory Notes or other inst�uments 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 interest in that Collateral is, in all respects, subject and subordinate to the security interest of the Secured Party to the eactent of the principal sum yet owing to Secured pariy in respect to the indebtedness described in Paragraph 2 along with interest and costs allocable thereto, however evidenced. 4. So long as any portion of the described obligation to the Secured Pariy is outstanding and unpaid, the provisions of the Deed of Triist or other instrument of security between the Debtor and the Secured Party are controlling as to the Collateral in which Secured Party is to have a first security interest, including any time there is a conflict between it and the provisions of any lien instrument granted to the Subordinating Creditor by the Debtor. 5. This Agreement is a continuing, absolute and unconditional agreement of subordination without regard to the validity or enforceability of the Promissory Notes or other instruments of indebtedness between the Debtor and the Secured Party evidencing