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<br />UNILATERAL SUBORDINATION AGREEMENT
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<br />WHEREAS, the parties to this agreement are the old lender, namely The Platte Valley
<br />State Bank & Trust Gompany 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 Jeremiah J Kaspar and Jennifer L Kaspar, Husband and and Wife, hereinafter called
<br />BORROWER,
<br />WHEREAS, BORROWER is the owner of the real estate hereinafter called
<br />PROPERTY which is described as:
<br />LOT ONE (1), BLOCK TWO (2), WOODLAND PARK FIRST SUBDIVISION,
<br />GRAND ISLAND, HALL COUNTY, NEBRASKA
<br />WHEREAS, BORROWER has executed a Note in a principal amount of $24,499.00 secured by
<br />a Mortgage/Deed of Trust in favor of LENDER #1, covering the PROPERTY, recorded on as
<br />Inst. No. 0200909145 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 $178,100.00 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.
<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 referred to above, to the lien of LENDER #2 as shown and
<br />referred to above, but only to the extent of the principal amount 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.
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<br />Dated thisp�� day of ����2012
<br />' -� � � �LENDER #1)
<br />� �-, `. , 6 - - r _ _ $y:
<br />' ` °��� , _ Darla Burnham, Vice President
<br />�', Platte Valley State Bank & Trust Co.
<br />. _ � ,.a
<br />�STA�'T�"O��I�EBRASKA )
<br />)SS:
<br />COUNTY OF HALL )
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<br />Acknowledged before me this � day of ��2012 by Darla Burnham, Vice
<br />President of Platte Valley State Bank & Trust Co. on behalf of said Corporation.
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<br />GEMERAL NOTARIf - SNata p} Ngbraska �
<br />VALERIE CiALVAN Notary Public
<br />MY Comm, Exp. Nov.17, 2014
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