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Dated this 28 day of January, 2013 <br />(*NEBRASKA ) <br />)SS: <br />COUNTY OF BUFFALO ) <br />GENERAL NOTARY - State of Nebraska <br />N NANCY L OSTERBUHR <br />' My Comm. Exp. April 19, 2015 <br />Notary Public <br />of Platte Valley State Bank & Trust Co.on b- alf : ' i orpora <br />UNILATERAL SUBORDINATION AGREEMENT <br />Platte Valley State Bank & Trust Co. <br />Cn <br />D <br />"1 '1 z —1 <br />rt, - m <br />co <br />• o <br />CAD <br />rn <br />� y> C <br />r ;o <br />r <br />cn <br />U) <br />V) x <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 <br />Home Federal Savings and Loan Association of Grand Island, Its Successors and/or <br />Assigns, hereinafter called LENDER #2 and Douglas W. Sass and Teri L. Sass, husband <br />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 Six (6), Block Three (3), Colonial Estates Subdivision, in the City of Grand Island, <br />Hall County, Nebraska. <br />WHEREAS, BORROWER has executed a Note in a principal amount of $56,246 <br />secured by a Mortgage /Deed of Trust in favor of LENDER #1, covering the <br />PROPERTY, recorded on March 7, 2012 as Inst. No. 201201768 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 $105,000 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. As 'lac 0/3 (Dan <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 />-e lp (LENDER #1) <br />. .Ailliar. <br />Op ce President <br />Acknowledged before me this 28th day of January, 2013, by Laura B e President <br />CD <br />CD <br />1 <br />