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� <br />�— <br />�� <br />- <br />a.� <br />� � <br />N � <br />0 = <br />W � <br />� �� <br />� <br />� <br />�� <br />� <br />� ,� <br />� <br />� <br />-, `�, <br />� <br />� <br />a � <br />� � <br />� <br />� � ,-_� <br />�� <br />� � <br />� � <br />r `�1, -� <br />� �� _. <br />o � <br />, <br />� � � � ' °' d <br />_ \ Ga �..= <br />,� r � <br />� �: n �� <br />- �-- W <br />- �' f\� <br />� �'� CO <br />2012475�1 <br />UNILATERAL SUBORDINATION AGREEMENT <br />c� cn <br />o –+ <br />c � <br />� m <br />--1 <br />-< o <br />o � <br />� Z <br />S rn <br />D �� <br />r � <br />r v� <br />G�) <br />� <br />;� <br />� � <br />cn <br />c.n <br />N <br />O <br />� <br />i�9 <br />O <br />--.7 <br />CJ�1 <br />W <br />N <br />:�� <br />w:. <br />�;� <br />�. <br />e�"a <br />: <br />�: ' <br />r <br />� <br />C <br />WHEREAS, the parties to this agreement are the old lender, namely The Platte Valley ��p <br />State Bank & Trust Company hereinafter called LENDER #1; and the new lender, namely Platte � <br />Valley State Bank & Trust Co, Its. Successors and/or Assigns, hereinafter called LENDER #2 <br />and John Steffes and Kathryn Steffes, Husband and and Wife, hereinafter called BORROWER, <br />WHEREAS, BORROWER is the owner of the real estate hereinafter called <br />PROPERTY which is described as: <br />LOT ONE (1), GRAND WEST THIlZD SUBDIVISION IN THE CITY OF GRAND <br />ISLAND, HALL COUNTY, NEBRASKA <br />WHEREAS, BORROWER has executed a Note in a principal amount of $17,487.44 secured by <br />a MortgagelDeed of Trust in favor of LENDER #1, covering the PROPERTY, recorded on as <br />Inst. No. 0200705034 in the office of the Register of Deeds of Hall County, Nebraska. <br />WHEREAS, BORROWER will be executing or has executed a Note in a principal <br />amount not to exceed $199,000.00 to be secured by a Mortgage/Deed of Trust in favor of <br />LENDER #2, covering the PROPERTY, and to be recorded in the office of the Register of <br />Deeds of Hall County, Nebraska. �Q � Q ,S �� C.��7� f a��s a(� <br />1 <br />NOW THEREFORE, in consideration of $1.00 and other valuable consideration, <br />receipt whereof is hereby acknowledge, LENDER #1 agrees to subordinate and does hereby <br />subordinate its liens as shown and refened to above, to the lien of LENDER #2 as shown and <br />referred to above, but only to the extent of the principal amou.nt of the new lien as shown in the <br />above paragraph, plus any accrued interest, taxes, insurance or costs advanced to protect its <br />security. <br />Dated this �� day of �, 2012 <br />....� �LENDER #1) <br />B ��-% � -- <br />Y• <br />Darla Burnham, Vice President <br />Platte Valley State Bank & Trust Co. <br />STATE OF NEBRASKA <br />couiv� oF �la 1�, <br />) <br />)SS: <br />) <br />Acknowledged before me this � day of ���2012 by Darla Burnham, Vice <br />President of Platte Valley State Bank & Trust Co on behalf of s'd Corporation. <br />�EM11piAL NOTARY - State Of Nebr�ita I�Otary. U�?11C <br />Q VALERIE GALVAN � n <br />� My Comm. Exp. Nov.11, 2014 - '�' . <br />