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%I..,a <br />This Agreement made this 9 day of April, 2013, between Centris Federal Credit <br />Union, its successors and/or assigns, ( "Lender ") and Centris Federal Credit Union, <br />( "Credit Union "). <br />WHEREAS, Centris Federal Credit Union is the beneficiary under a Deed of <br />Trust/Mortgage dated May 16, 2008 and recorded June 2, 2008 at Instrument # 2008- <br />04707 in Mortgage Records of Hall County, Nebraska to secure a loan in the original <br />principal amount of ($17,000.00) to Eugene Nielsen and Judith Nielsen, a husband and <br />wife, ( "Borrower(s) ") and covering the following described real estate: <br />LOT 1, A -G ACRES THIRD SUBDIVISION, AN ADDITION TO THE VILLAGE OF ALDA,'HALL <br />COUNTY, NEBRASKA. <br />WHEREAS, Lender proposes to make a loan to Borrowers not to exceed t l e <br />principal amount of $53,000.00, dated March 29 2013 and recorded A ,y 3 , <br />2013 in Instrument # 2013- 0 d (& 3`7 in the records of Hall County to be secured by a <br />first mortgage or trust deed upon real estate covered by the Deed of Trust/Mortgage of <br />Credit Union and described as above, and, <br />WHEREAS, Lender has requested Credit Union and Credit Union has agreed to <br />subordinate the lien of its trust deed to the mortgage of trust deed to be taken by Lender, <br />Credit Union hereby expressly subordinates the lien of the above described trust <br />deed to the lien of any mortgage or deed taken by Lender from Borrowers and declares <br />the lien of the trust deed to be junior and inferior to the lien of Lender upon the lands <br />described therein; provided, however, that the subordination of the Mortgage of Credit <br />Union shall not apply or be effective as to any amounts, exclusive of interest, in excess of <br />$53,000.00 secured by the mortgage or trust deed of Lender. <br />Centrisderal Credit Union <br />NOW, THEREFORE, in consideration of the premises the parties agree as follows: <br />STATE OF NEBRASKA <br />SS <br />Prt <br />1r> (° <br />By <br />Elizabet [ irkey <br />Its Lending Manager <br />Centris Federal Credit Union <br />i i <br />ii <br />Space Above Line For Recording Data <br />SUBORDINATION AGREEMENT <br />r 7 <br />✓ s> <br />CD <br />CD <br />cn Cr) <br />co <br />COUNTY OF DOUGLAS <br />On this 9 day of April, 2013, before me, the undersigned, a Notary Public duly commissioned and <br />qualified for said County personally came Elizabeth A Birkey, Lending Manager, to me known to be the <br />identical person whose name is subscribed to the foregoing instrument and acknowledge the execution <br />thereof to be his voluntary act and..• - Tru3lee. <br />My Commission expires: <br />Centris Federal Credit Union <br />11717 M Circle <br />Omaha, NE 68137 <br />Prepared By: Jim Wehling <br />Notary Public <br />GENERAL NOTARY - State of Nebraska <br />JAMES D. WEHLING <br />Comm. Exp. Aug. 18, 2015 <br />m <br />N <br />o m <br />CO CO <br />• . ■ ▪ 0 <br />• C <br />ca m <br />-4 <br />z <br />9 <br />