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N p- _ mm CD cD �� p OT W Cn OL O N m N m m O �ZI W mm rD � 71 M p CT)o O N <n N Z O RETURN TO: Home Federal Savings&Loan P 0 Box 1009 Grand Island_NE 68802 SUBORDINATION AGREEMENT THIS AGREEMENT made and executed this 1'43 day of March,2013,by and between HOME FEDERAL SAVINGS AND LOAN ASSOCIATION OF GRAND ISLAND,hereinafter referred to as "Subordinating Creditor"(whether one or more),and HOME FEDERAL SAVINGS AND LOAN ASSOCIATION OF GRAND ISLAND,hereinafter referred to as"Secured Party". WITNESSETH: WHEREAS,Thomas M Conlon and Faye L Conlon,(whether one or more),hereinafter referred to as "Debtor",has granted to the Subordinating Creditor a Mortgage or Deed of Trust dated April 17,2009,and filed of record in the office of the Hall County Register of Deeds,on the 24th day of August,2009,as Document No. 200906970 in respect to that real estate described as: The Northwest Quarter(NW1/4 of the Northwest Quarter(NW1/4)of Section Twenty Three(23),Township Eleven(11)North,Range Nine(9) West of the 6th P.M.,in Hall County,Nebraska and more particularly described as follows:Beginning at a point on the West line of said Northwest Quarter,said point being Five Hundred(500.0)feet South of the Northwest corner of said Northwest Quarter;thence deflecting left 90°00'and running Easterly a distance of One Hundred Eighty-Three(183.0)feet;thence deflecting right and running Southerly and parallel to the West line of said Northwest Quarter a distance of Three Hundred Seventy Six and One Tenth (376.1)feet;thence deflecting right 90°00'and running Westerly One Hundred and Eight Three(183.0)feet to a point on the West line of said Northwest Quarter;thence deflecting right 90°00'and running Northerly along the West line of said Northwest Quarter a distance of Three Hundred Seventy Six and One Tenth(376.1)feet to the point of beginning;excepting a certain tract of land deeded to Paul F.Frauen and Dorothy E.Frauen by Warranty Deed recorded in Deed Book 184,Page 486 WHEREAS,the Secured Party has agreed to enter into a loan transaction with the Debtor,whereby certain funds are to be advanced to the Debtor conditional upon the Debtor providing the Secured Party with a first lien in respect to the above described real estate,hereinafter referred to as the"Collateral";and WHEREAS,the Subordinating Creditor is willing to subordinate any lien it may have in respect to the Collateral by reason of Subordinating Creditor's Mortgage or Deed of Trust of record to perfect security whenever and wherever filed in order to assure the Secured Party of a first lien position in and to the Collateral; NOW,THEREFORE,it is agreed: 1. The Subordinating Creditor hereby consents to a subordination of its priority position to the Secured Party and agrees that its lien in respect to the Mortgage or Deed of Trust hereinabove described,if any,shall at all times be secondary to the extent herein provided and subject to the lien of the Secured Party in respect to the Collateral. 2. The Subordinating Creditor hereby consents to the Debtor granting Secured Party a first lien in all the Collateral as described above to secure indebtedness to be advanced to Debtor by Secured Party,in the original principal amount of One Hundred Twenty Six Thousand Four Hundred and 00/100ths Dollars($126,400.00) recorded in the office of the Hall County Register of Deeds on the r-14 day of March,2013,as Document No. �61301'19a . 3. So long as an obligation is outstanding from the Debtor to the Secured Party for indebtedness evidenced by Promissory Notes or other instruments of indebtedness to the extent herein provided in Paragraph 2,the Secured Party's interest in the Collateral shall have priority to over the lien of the Subordinating Creditor in that Collateral, and the Subordinating Creditor's interest in that Collateral is,in all respects,subject and subordinate to the security