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<br />REI'URN TO:
<br />�,.,�, ,, Home Fedecal Savings & Loan
<br />� - P O Box 1009
<br />� Grand Island, NE 68802
<br />SUBORDINATION AGREEMENT
<br />THIS AGREEMENT made and executed this � day of September, 2012, by and between HOME
<br />FEDERAL SAVINGS AND LOAN ASSOCIATION OF GRAND ISLAND, hereinafter refened to as
<br />"Subordinating Creditor" (whether one or more), and HOME FEDERAL SAVINGS AND LOAN ASSOCIATION
<br />OF GRAND ISLAND, hereinafter refeaed to as "Secured Party".
<br />WITNESSETH:
<br />WHEREAS, Mark J Allen and ,(whether one or more), hereinafter referred to as "Debtor", has granted to
<br />the Subordinating Creditor a Mortgage or Deed of Trust dated August 14, 2012, and filed of record in the office of
<br />the Hall County Register of Deeds, on the 28�' day of August, 2012, as Document No. 201207162 in respect to that
<br />real estate described as:
<br />Lot Thirteen (13), Block One (1), Brentwood Second Subdivision in the City of Grand Island, Hall County,
<br />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 referred 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 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 provided and subject to the lien of the Secured Party 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 Pariy, in the original
<br />principal amount of Two Hundred Fourteen Thousand Fifty Five and 00/100ths Dollars ($214,055.00), recorded in
<br />the office of the Hall County Register of Deeds on the ��"�? day of _,��D��, 2ca 12, as
<br />Document No 20 ��, o��.q $.
<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 />Party's interest in the Collateral shall have priority to over the lien of the 5ubordinating 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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