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RETURN TO:
<br />Home Federal Savings & Loan
<br />P O Box 1009
<br />Grand Island, NE 68802
<br />NOW, THEREFORE, it is agreed:
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<br />SUBORDINATION AGREEMENT
<br />THIS AGREEMENT made and executed this ae day of A. .. , 2013 by and between
<br />HOME FEDERAL SAVINGS AND LOAN ASSOCIATION OF GRAND I LAND, hereinafter referred to as
<br />"Subordinating Creditor" (whether one or more), and HOME FEDERAL SAVINGS AND LOAN ASSOCIATION
<br />OF GRAND ISLAND, hereinafter referred to as "Secured Party ".
<br />WITNESSETH:
<br />WHEREAS, W Michael Muth and Patricia A Muth, (whether one or more), hereinafter referred to as
<br />"Debtor", has granted to the Subordinating Creditor a Mortgage or Deed of Trust dated August 25, 2003, and filed
<br />of record in the office of the Hall County Register of Deeds, on the 2nd day of September, 2003, as Document No.
<br />200311556 in respect to that real estate described as:
<br />Parcel 1: Lot Nineteen (19), Island Acres Number 6, a Replat of Lots Nineteen (19) and Twenty (20),
<br />Island Acres, City of Grand Island, Hall County, Nebraska
<br />Parcel 2: Part of Lot One (1), Island Acres Number 11, in the City of Grand Island, Hall County, Nebraska,
<br />more particularly described as follows: Beginning at the Southeast comer of Lot One (1), Island Acres Number 11,
<br />thence Westerly 32 feet along and upon the South line of Lot One (1), Island Acres Number 11, thence Northerly
<br />parallel to the East line of Lot One (1), Island Acres Number 11, a distance of 152.03'; thence Easterly parallel to the
<br />South line of Lot One (1), Island Acres Number 11, a distance of 32', thence Southerly along and upon the East line
<br />of Lot One (1), Island Acres Number 11, a distance of 152.03' to the point of beginning
<br />WHEREAS, the Secured Party has agreed to enter into a loan transaction with the Debtor, whereby certain
<br />funds are to be advanced to the Debtor conditional upon the Debtor providing the Secured Party with a first lien in
<br />respect to the above described real estate, hereinafter referred to as the "Collateral "; and
<br />WHEREAS, the Subordinating Creditor is willing to subordinate any lien it may have in respect to the
<br />Collateral by reason of Subordinating Creditor's Mortgage or Deed of Trust of record to perfect security whenever
<br />and wherever filed in order to assure the Secured Party of a first lien position in and to the Collateral;
<br />1. The Subordinating Creditor hereby consents to a subordination of its priority position to the Secured
<br />Party and agrees that its lien in respect to the Mortgage or Deed of Trust hereinabove described, if any, shall at all
<br />times be secondary to the extent herein provided and subject to the lien of the Secured Party in respect to the
<br />Collateral.
<br />2. The Subordinating Creditor hereby consents to the Debtor granting Secured Party a first lien in all the
<br />Collateral as described above to secure indebtedness to be advanced to Debtor by Secured Party, in the original
<br />principal amount of Sixty One Thousand & 00 /100ths Dollars ($61,000.00), recorded in the office of the Hall
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