Laserfiche WebLink
m <br /> �� N 0� � <br /> mm � �D m <br /> � � n� �1 N �f�i'1 N f�rl <br /> � �o � , 0 <O � D <br /> � �� � m 0 N (n <br /> ZD C7 TZ � <br /> A ,n� T N Sm 1Z <br /> �l{ � � D,��j j � <br /> � m� o � D rcDi� � � <br /> v,� cn � � � <br /> 00 � �� z <br /> �� � � � <br /> Gi Z <br /> O <br /> SUBORDINATION AGREEMENT <br /> THIS AGREEMENT is entered into between Ward F.Hoppe,Trustee,and Stonyhill Ventures, <br /> LLC,Assignee,Equita6le eank and GI Cherry?ark,Ltd. <br /> THE PARTIES AGREE FOR GOOD AND VALUABLE CONSIDERATION AS FOLLOWS: <br /> 1. Stonyhill Ventures, LLC, Assignee, and Ward F. Hoppe, suhstitute Trustee, agree fo <br /> subord'inate the lien ofthe Deed of Trust dated Octo6er 2,1996 and recorded May 14,1997 as <br /> Insfrument No.97-103711 upon the following described real estate: <br /> Lot i,Block 1,Gili Subdivision <br /> Grand island,Hall Couniy,Nehreska <br /> to the lien of the Deed of Trust from GI Cherry Park, ltd. to Equlta6le Bank, dated <br /> '��ldA,�Q�Y1��1�1 e ��which cures pa men4 u�der a Promissory Note from GI Cherry <br /> �Park, Ltd.to Equitable Bank dated���(�'�. <br /> 2. EquitableBankagreesthat: <br /> (A). Uport any default by GI Cherry Park, Ltd. under the said Oeed of Trust in favor of <br /> Equitzble eank,notice will 6e given to W zrd F.Hoppe;Trustee;and Stonyhill Ventures, <br /> LLC,Assignee,as Benefciary 6y said Equitable Bank in the same man�eG and at the <br /> same time as Notice is given to Gf Cherry Park, Ltd. <br /> (8). Ward F.Hoppe,as Trustee and Stonyhill Ventures,LLC,as BeneFciary shall have the <br /> right to cure any such default within 30 days after receip[of the notice oF default,anc <br /> the further rightto assume the Fosition of Equita6le eank upon ihe payment of the full <br /> amount of principal and interest due. <br /> 3. GI Cherty Park,Ltd.agrees thaf a default under the Oeed of Trust to Equitable Bank shall be <br /> a default underthe Deed ofTmstto Ward F.Hoppe,as Trustee and Stonyhill Ventures, LLC, <br /> as Beneiiciary. <br /> Dated this ! day of ��C�.�.� ,2012. <br /> W ard F.Hopqpe,�Tr tee Eoui[abie Bank /'� <br /> By lr�7 l�<�"V�l/V( �f�X� BY����.i�'ls.^b-�. <br /> ` (1 1 <br /> Stonyhill Ventures,/L�'C //;/' GI Cherry Park,Ltd. �j� <br /> gr������' r !� �1 gy. _���id�� ,c„/I�_��!/� � /��� <br /> STATE OF NEBRASKA ) " ��� G <br /> �l/ ;ss. <br /> COUN7Y OF ,.� <br /> � <br /> The foregoing instrumentwas acknowledged 6efore me this�day of QC.�� � -012 6y Ward F. <br /> Hoppe. ? <br /> ��� � <br /> NB'Ca y P�biic GENERAL NOTARY-State of Nebrash <br /> STATE OF NEBRASKA ) PAESL E.SU4 LfVAN <br /> - - MyComm.fxP.Fp�128.2013 <br /> � /k jss. <br /> COUNTYOF� <br />