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-� <br />�� <br />�� <br />- <br />N - <br />0 �� <br />� � <br />N �� <br />0 �� <br />� — <br />� �� <br />W �� <br />� � <br />� <br />�� <br />�� <br />�� <br />N <br />� <br />C <br />` � <br />���• <br />�� <br />ILEI'[JRN TO: <br />Home Federal Savings & Loan <br />P O Box 1009 <br />G�and Lsland NE 68802 <br />_� <br />n <br />r <br />r {� <br />C'"i �-_'._. <br />U �. <br />�-� � - <br />f�1 ��'�.- . <br />G7 � <br /><r,� <br />_ <br />r�e <br />r� <br />� } (`�, <br />_a 4 <br />co � `> <br />nr <br />r'�' � . <br />a <br />v7 <br />r v <br />t=� <br />ti� <br />1l <br />� <br />�: � <br />_� <br />� <br />0 <br />� <br />� <br />N <br />�� <br />00 <br />n � <br />� '� <br />c n <br />Z —I <br />� rn <br />� O <br />o � <br />T:, <br />Z fTl <br />� �u <br />r � <br />r n <br />r, , <br />� <br />v `i <br />� <br />cn <br />a � <br />J <br />''�. <br />s (,q' � <br />�d`� <br />�" <br />SUBORDINATION AGREEMENT <br />,, <br />, <br />�'; <br />;��: <br />;: <br />� <br />THIS AGREEMENT made and executed this 4`" day of September. 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 />WITNESSETH: <br />WI�REAS, KC Hehnke and Deborah M Hehnke, (whether one or more), hereinafter referred to as <br />"Debto�", has granted to the Subordinating Creditor a Mortgage or Deed of Trust dated Apri121. 2005 , and filed <br />of record in the office of the Hall County Register of Deeds, on the 27�' day of April, 2005 , as Document <br />No. 200503756 in respect to that real estate described as: <br />See Attached Exhibit "A" for Lega1 Description <br />WHEREAS, the Secured Party has agreed to enter into a loan transaction with the Debtor, whereby certain <br />funds are 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 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 Party, in the original <br />principal amount of Three Hundred Ten Thousand and 00/100ths Dollazs ($310.000.00), recorded in the office <br />of the Hall County Register of Deeds on the 31 �` day of Au�ust. 2012 , as Document No. 201207305 . <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 />Pariy'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 />� <br />� <br />1� <br />O <br />CL7 <br />F--+ <br />�� <br />C77 <br />l� 5� <br />