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201207960 <br /> 2. Michael Remm & Robin Remm, husband & wife, as mortgagor, trustor, or <br /> grantor, previously executed and delivered a mortgage/deed of trust on the <br /> Real Estate dated May 26, 2011 in favor of Bank of the West or its <br /> predecessor in interest as mortgagee or beneficiary, which mortgage/deed of <br /> trust secures payment of a promissory note or credit agreement in the <br /> original principal amount of $26,000 and was recorded June 14, 2011 as <br /> Instrument/Document No. 201 1 0441 4 in Book/at Page,r° in the real estate <br /> records of Hall County, state of NEBRASKA (the "2nd Mortgage/Deed of <br /> TrusY'). <br /> 3. Underwriting guidelines for the Mortgage Loan require that the 1st <br /> Mortgage/Deed of Trust be the first and superior lien on the Real Estate, <br /> despite it being recorded after the 2nd Mortgage/Deed of Trust. Therefore, <br /> in consideration of being able to make the Mortgage Loan, Bank of the West, <br /> as owner and holder of both mortgages/deeds of trust, hereby subordinates <br /> the 2nd Mortgage/Deed of Trust to the 1st Mortgage/Deed of Trust so that <br /> henceforth the lien of the 1st Mortgage/Deed of Trust shall be the first and <br /> superior lien on the Real Estate and the 2nd Mortgage/Deed of Trust shall <br /> hereinafter be a second-lien mortgage/deed of trust, regardless of recording <br /> dates. <br /> 4. This Subordination is effective only for a mortgage/deed of trust given to <br /> secure the first-lien Mortgage Loan made to Borrower by Bank of the West <br /> as lender, and shall be void and of no effect in the event Borrower obtains <br /> financing to be secured by the Real Estate from any other lender. This <br /> Subordination shall be binding on Bank of the West's successors and <br /> assigns under either mortgage/deed of trust, even if said instruments are <br /> separately assigned to different mortgagees or beneficiaries or the loans <br /> secured thereby otherwise transferred to different lenders. <br /> BANK OF THE WEST. <br /> a California state banking corporation, <br /> Mortgage/Beneficiary. /� � <br /> By: � � ( '� �'I <br /> Printed Name: �uc Crocketk <br /> �liae resi , <br /> 8801292448 ..�.....� ��1�'���@/oJi�bNSC°�{�'�§���aq�/�y�y�x�e� CF731301 (Rev8112) <br /> 09/12/2012 14:24i23 <br />