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� <br />� <br />�. <br />N � <br />0 �� <br />� � <br />N � <br />0 �� <br />c0 — <br />� � <br />W � <br />W <br />� <br />� <br />�� <br />�� <br />�� <br />.�,,4 <br />b <br />� <br />� � <br />REfURN TO: <br />Home Federal Savings & I.oan <br />P O Box 1009 <br />Grand Island, NE 68802 <br />� <br />� <br />� <br />.. <br />!1 ) �' <br />� <br />� <br />� <br />�. <br />�� <br />c�`;. <br />SUBORDINATION AGREEMENT <br />S� D <br />r� <br />r ��� <br />� ;:° <br />�, - -- <br />�' � ' -. <br />r� �<_, <br />_- <br />��, <br />.�� <br />_' (1^_; <br />;� <br />c:, l <br />r,,, i. <br />�; � <br />o �— <br />v� <br />r-., <br />c:_i n Cn <br />''� p -� <br />-• c a N � <br />;� j Z —i <br />---I � m O <br />0 <br />I w - � C� � <br />L �l � � <br />� rn � <br />�] D CD L� <br />� r � <br />r m c� <br />N � F—� <br />:'c <br />I ' GJ <br />cr �— �— <br />'J � GJ <br />cn <br />� <br />�� <br />1� <br />THIS AGREEMENT made and executed this � day of October, 2012, by and between HOME <br />FEDERAL SAVINGS AND LOAN ASSOCIATION OF GRAND ISLAND, hereinafter referred to as <br />"Subordinating Creditor" (whether one or more), and HOME FEDERAI, SAVINGS AND LOAN ASSOCIATION <br />OF GRAND ISLAND, hereinafter referred to as "Secured Part}�'. <br />WIT'NESSETH: <br />WHEREAS, Kaye I Doane a.nd Cathy J Doane, (whether one or more), hereinafter refened to as "Debtor", <br />has granted to the Subordinating Creditor a Mortgage or Deed of Trust dated October 19, 2007, and filed of record <br />in the office of the Hall County Register of Deeds, on the 26�' day of October, 2007, as Document No. 200709161 in <br />respect to that real estate described as: <br />Lots One (1) thru Eight (8), of Nickels Subdivision, Hall County, Nebraska. <br />WI-�REAS, 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 5ubordinating 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, THEREFORE, 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 5ecured 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 Party, in the original <br />principal amount of One Hundred Thirty Thousand One Hundred Twenty and 00/100ths Dollars ($130,120.00) <br />recorded in the office of the Hall County Register of Deeds on the �'�ti day of October, 2012, as Document No. <br />2o�2o�s9�9 . <br />3. So long as an obligation is outsta.nding 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 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 <br />