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<br />REI'URN TO:
<br />Home Federal Savings & I.oan
<br />P O Box 1009
<br />Grand Is]and NE 68802
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<br />SUBORDINATION AGREEMENT
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<br />THIS AGREEMENT made and executed this z(c�'�' day of September. 2012 , by and between HOME
<br />FEDERAL SAVII�TGS AND LOAN ASSOCIATION OF GRAND ISLAND, hereinafter refened to as l � �
<br />"5ubordinating Creditor" (whether one or more), and HOME FEDERAL SAVII�TGS AND LOAN AS50CIATION / �
<br />OF GRAND ISLAND, hereinafter refened to as "Secured Part}�'.
<br />WITNESSETH:
<br />WHEREAS, Charles E Bronson and Brenda M Bronson, (whether one or more), hereina,fter referred to as
<br />"Debtor", has granted to the Subordinating Creditor a Mortgage or Deed of Trust dated November 10. 2003 , and
<br />filed of record in the office of the Hall County Register of Deeds, on the 20�' day of November, 2003 , as
<br />Document No. 200315173 in respect to that real estate described as:
<br />Lot One (1), Bronson Subdivsion, Hall County, Nebraska.
<br />WHEREAS, the Secured Party 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 with a first lien in
<br />respect to the above described real estate, hereinafter refened to as the "Collateral"; and
<br />WHEREAS, 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 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, TI�REFORE, it is agreed:
<br />1. The Subordinating Creditor hereby consents W 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 provided and subject to the lien of the Secured Pariy in respect to the
<br />Collateral.
<br />2. The Subordinating Creditor hereby consents to the Debtor granting Secured Party a first lien in all the
<br />Collateral as described above to secure indebtedness to be advanced to Debtor by Secured Pazty, in the original
<br />principal amount of Sixty Two Thousand Eight Hundred NinetX and 00/100ths Dollars ($ 62,890.00 ), recorded in
<br />the office of the Hal County Register of Deeds on the � day of September. 2012 , as Document No.
<br />zo �208CO�}
<br />3. So long as an obligation is outstanding from the Debtor to the Secured Pariy for indebtedness evidenced
<br />by Promissory Notes or other instruments of indebtedness to the extent herein provided in Pazagraph 2, the Secured
<br />Party's interest 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 all respects, subject and subordinate to the security
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