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$ <br />Lot One (1), Marvin and Jane Subdivision, Hall County, Nebraska. <br />'.� C U) <br />~ ' G <br />Z La C >' <br />T <br />S m <br />—0 D <br />co �, <br />7) <br />CD ( ; . G., 7' <br />rr4 Y CD <br />IN <br />UNILATERAL SUBORDINATION AGREEMENT <br />WHEREAS, the parties to this agreement are the old lender, namely The Platte <br />Valley State Bank & Trust Company hereinafter called LENDER #1; and the new lender, <br />namely Platte Valley State Bank & Trust Company, Its. Successors and /or Assigns, <br />hereinafter called LENDER #2 and Judith L. Rauert and Ronald W. Rauert, Wife and <br />Husband, hereinafter called BORROWER, <br />WHEREAS, BORROWER is the owner of the real estate hereinafter called <br />PROPERTY which is described as: <br />WHEREAS, BORROWER has executed a Note in a principal amount of $60,000.00 <br />secured by a Mortgage/Deed of Trust in favor of LENDER #1, covering the <br />PROPERTY, recorded on June 13, 2008 as Inst. No. 0200805092 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 $110,000.00 to be secured by a Mortgage/Deed of Trust in <br />favor of LENDER #2, covering the PROPERTY, and to be recorded in the pffice of the <br />Doe, Register of Deeds of Hall County, Nebraska. . e, 4,4/0/d o g a q i <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 11 day of January, 2013 <br />B <br />STATE OF NEBRASKA ) <br />)SS: <br />COUNTY OF BUFFALO ) <br />GENERAL NOTARY • State of Nebraska <br />NANCY L OSTERBUHR <br />My Comm. Exp. April 19,2015 <br />a Bau " ce President <br />Platte Valley State Bank & Trust Co. <br />(LENDER #1) <br />Acknowledged before me this 1 lth day of January, 2013 by Laura Bauer, ' President <br />of Platte Valley State Bank & Trust Co.on behalf of sa' • Corporation, <br />/ .% , , /��fir 4\ <br />ot.ry Public <br />