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00H H <br /> _mm o cy m <br /> 0 W Z m IV m <br /> -<O o <br /> zD p Z 1-9;1 <br /> O - <br /> m o z <br /> cn T j 0 v D� <br /> mn m f� -0 rcn con <br /> o <br /> 00 &I 2 <br /> � z <br /> 0 <br /> UNILATERAL SUBORDINATION AGREEMENT <br /> WHEREAS,the parties to this agreement are the old lender,namely Platte Valley <br /> State Bank&Trust Co,hereinafter called LENDER#1;and the new lender,namely JP <br /> Morgan Chase Bank,N.A., Its Successors and/or Assigns,hereinafter called LENDER <br /> #2 and Russel A.Canfield and Jill A.Canfield,husband and wife,hereinafter called <br /> BORROWER, <br /> WHEREAS,BORROWER is the owner of the real estate hereinafter called <br /> PROPERTY which is described as: <br /> Fractional Lot Four(4)and the West One Half(W1/2)of Fractional Lot Three(3),in <br /> Fractional Block Twenty One(21),in Kernohan and Decker's Addition and its <br /> complement to-wit:Fractional Lot Four(4)and the West One Half(W1/2)of Fractional <br /> Lot Three(3)in Fractional Block Seven(7),in Charles Wasmer's Addition to the City of <br /> Grand Island,Hall County,Nebraska. <br /> WHEREAS,BORROWER has executed a Note in a principal amount of$25,129.50 <br /> secured by a Mortgage/Deed of Trust in favor of LENDER#1,covering the <br /> PROPERTY,recorded on September 27,2006 as Inst.0200608626 in the office of the <br /> Register of Deeds of Hall County,Nebraska. <br /> WHEREAS,BORROWER will be executing or has executed a Note in a <br /> principal amount not to exceed$79,238.00 to be secured by a Mortgage/Deed of Trust in <br /> favor of LENDER#2,covering the PROPERTY,and to be recorded in the office of the <br /> Register of Deeds of Hall County,Nebraska. <br /> NOW THEREFORE,in consideration of$1.00 and other valuable <br /> consideration,receipt whereof is hereby acknowledge,LENDER#1 agrees to <br /> subordinate and does hereby subordinate its liens as shown and referred to above,to the <br /> lien of LENDER#2 as shown and referred to above,but only to the extent of the <br /> principal amount of the new lien as shown in the above paragraph,plus any accrued <br /> interest,taxes,insurance or costs advanced to protect its security. <br /> Dated.this J o? day of ,201. <br /> 10j', (LENDER#1) <br /> B /� <br /> � ' Platte Va ley S . - :ank&Trust Co <br /> Laura A Bauer-Vice President <br /> STATE OF NEBRASKA ) <br /> )SS: <br /> COUNTY OF BUFFALO) <br /> Acknowledged before me this /72 day o C r.Ae-c ,2012, by Laura A Bauer, <br /> Vice President of Platte Valley State Bank&Trust Co.on behalf of said oration. <br /> /21/-e/X <br /> otary Public <br /> I GENERAL NOTARY-State of Nebraska <br /> NANCY L OSTERBUHR <br /> My Comm.Exp.April 19,2015 <br />