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�� <br />��� <br />� <br />� <br />N � <br />� �� <br />� - <br />N �� <br />A — <br />� = <br />� __ <br />.�� <br />.�� <br />� <br />�� <br />�� <br />�� <br />� <br />� � <br />ItECURN TO: <br />Home Federel Savin,� & L.oan <br />P O Box 1009 <br />Grand Island, NE 68802 <br />� <br />C <br />� <br />.. <br />� � <br />� <br />�,, q <br />� <br />SUBORDINATION AGREEMENT <br />s� A <br />r � <br />r �,�. <br />C l r' _ <br />O r. <br />�,� .. r_. <br />I�1 �,�_:-, <br />L=�. <br />%n '' <br />1 <br />�, �-�, <br />-,-� <br />� -� t�' <br />_,_� , <br />�, ��_- <br />�� <br />� <br />,-.., <br />� _� <br />..._, <br />ti <br />:_-� <br />c � <br />--� <br />C.J <br />0 <br />� <br />_a <br />N <br />cn <br />� <br />� � <br />o -� <br />c a <br />Z — 1 <br />� rn <br />� O <br />� � <br />� Z <br />= rn <br />D C� <br />r � <br />r D <br />� <br />� <br />x- <br />� <br />� <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 referred to as "Secured Part}�'. <br />WITNESSETH: <br />WHEREAS, Craig M Rupp and Karen S Rupp, (whether one or more), hereinafter refened to as "Debtor" <br />has granted to the Subordinating Creditor a Mortgage or Deed of Trust dated September 16, 2009, and filed of <br />record in the office of the Ha11 County Register of Deeds, on the 29`� day of September, 2009, as Document No. <br />200907845 in respect to that real estate described as: <br />Lot Ten (10), Block Fifteen (15), Baker's Addition to the City of Grand Island, 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, 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, sha11 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 Party, in the original <br />principal amount of Eighty Five Thousand Six Hundred Seventy and 00/100ths Dollazs ($85,670.00), recorded in <br />the office of the Hall County Register of Deeds on the 1� day of September, 2012, as Document No. <br />,�a ► aDl�- �� . <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 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 <br />N <br />0 <br />�--' <br />� <br />� <br />f� <br />F—► <br />GJ <br />� <br />f: <br />�L <br />K` <br />' <br />�, <br />i <br />�0�� <br />