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<br />RETURN TO:
<br />Home Fedeial Savings 8c Loan
<br />P O Box 1009
<br />Gcand Island NE 68802
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<br />SUBORDINATION AGREEMENT
<br />THIS AGREEMENT made and executed this � day of Septeraber, 2012, by and between HOME y�
<br />FEDERAL SAVINGS AND LOAN ASSOCIATION OF GRAND ISLAND, hereinafter referred to as j�
<br />"Subordinating Creditor" (whether one or more), and HOME FF.DERAL SAVINGS AND LOAN ASSOCIATION �
<br />OF GRAND ISLAND, hereinafter referred to as "Secured Part}�'.
<br />WITNESSETH:
<br />WHEREAS, Sheila R Hulme, (whether one or more), hereinafter referred to as "Debtor", has granted to the
<br />Subordinating Creditor a Mortga.ge or Deed of Trust dated December 22, 2011, and filed of record in the office of
<br />the Hall County Register of Deeds, on the 4�' day of January, 2012, as Document No. 201200045 in respect to that
<br />real estate described as:
<br />Lot Five (5), Block Tweirty-Two (22), Charles Wasmer's Addition to the City of Grand Island, Hall
<br />County, Nebraska.
<br />WI�REAS, the Secured Pariy has agreed to enter into a loan transaction with the Debtor, whereby certain
<br />funds aze to be advanced to the Debtor conditional upon the Debtor providing the Secured Party �vith a first lien in
<br />respect to the above described real estate, hereinafter referred to as the "Collateral"; and
<br />WI�REAS, the Subordinating Creditor is willing to subordinate any lien it may have in respe.ct to the
<br />Collateral by rea.son of Subordina.ting Creditor's Mortgage or Deed 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, Tf�REFORE, it is agreed:
<br />1. The Subordinating Creditor hereby consents to a subordination of its priority position to the Secured
<br />Party and agrees that its lien in respect to the Mortgage or Deed of Trust hereinabove described, if any, shall at all
<br />times be secondary to the extent herein provid� and subject to the lien of the Secured Party in respect to the
<br />Collateral.
<br />2. The Subordina.ting Creditor hereby consents to 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 amouut of One Hundred Six Thousand Nine Hundred Forty 00/100ths Dollars ($106,940.00), recorded in
<br />the office of the Ha11 County Register of Deeds on the a5'�' day of ���epr� �J�2f , a,o � a, as
<br />Document No. �01 a O$ O 1� •
<br />3. So long as an obligation is outstanding from the Debtor to the Secured Party for indebtedness evidenced
<br />by Promissory Notes or other instruments of indebtedness to the extent herein provided in Paragraph 2, the Secured
<br />Pazty's iirterest in the Collateral shall have priority to over the lien of the Subordinating Creditor in that Collateral,
<br />and the Subordinating Creditor's interest in that Collateral is, in a11 respects, subject and subordinate to the security
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