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COUNTY OF <br />Dated this day of <br />STATE OF NEBRASKA ) <br />)SS: <br />GENERAL NOTARY - State of Nebraska <br />VALERIE GALVAN <br />My Comm. Exp. Nov. 17, 2014 <br />201209861 <br />N (1) <br />201207531 <br />Not ' ul lic <br />UNILATERAL SUBORDINATION AGREEMENT <br />WHEREAS, the parties to this agreement are the old lender, namely The Platte_Valley <br />State Bank & Trust Company 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 John Steffes and Kathryn Steffes, Husband and and Wife, hereinafter called BORROWER, <br />WHEREAS, BORROWER is the owner of the real estate hereinafter called <br />PROPERTY which is described as: <br />LOT ONE (1), GRAND WEST THIRD SUBDIVISION IN THE CITY OF GRAND <br />ISLAND, HALL COUNTY, NEBRASKA <br />WHEREAS, BORROWER has executed a Note in a principal amount of $17,487.44 secured by <br />a Mortgage/Deed of Trust in favor of LENDER #1, covering the PROPERTY, recorded on as <br />Inst. No. 0200705034 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 $199,000.00 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. >2QC as -boCdp /(96-75 a and re —filed at Inst. N0. <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. <br />Darla Burnham, Vice President <br />Platte Valley State Bank & Trust Co. <br />C a <br />Acknowledged before me this aAL day of 1 6 4. 2012 by Darla Burnham, Vice <br />President of Platte Valley State Bank & Trust Co on behalf of s.'d Corporation. <br />C <br />SD <br />