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201303670 <br /> THIS AGREEMENT(the"Agreement"),effective as of the Effective Date above,is made by and among the <br /> Subordinating Lender,Owners and the Senior Lender named above. <br /> GALEN L.WESCOATT AND LORNA A.WESCOATT,HUSBAND AND WIFE,AS JOINT TENANTS <br /> (individually and collectively the"Owner")own the real property located at the above Property Address(the <br /> "Property"). <br /> The Subordinating Lender and the Trustee,if applicable,has an interest in the Property by virtue of a <br /> DEED OF TRUST <br /> (the"Existing Security Instrument")given by the Owner,covering that <br /> Real Property description more particularly described in the attachment titled"Exhibit A" <br /> which document is dated the 13th day of January ,2003 ,which was filed in Instrument# <br /> 0200301865 at page N/A (or as No N/A ) of the Records of the <br /> Office of the Register of Deeds of the County of HALL ,State of Nebraska.The Existing <br /> Security Instrument secures repayment of a debt evidenced by a note or a line of credit agreement extended to <br /> GALEN L WESCOATT and LORNA A WESCOATT <br /> (individually and collectively"Borrower")by the Subordinating Lender. <br /> N/A The Senior Lender has agreed to make a new loan or amend an existing loan in the original principal <br /> amount NOT to exceed$N/A (the"New Loan or Amended Loan"),provided that the New Loan <br /> or Amended Loan is secured by a first lien mortgage on the Property(the"New Security Instrument")in <br /> favor of the Senior Lender. If the New Loan or Amended Loan exceeds this amount,the Subordination <br /> Agreement is VOID. <br /> The Subordinating Lender is willing to subordinate the lien of the Existing Security Instrument to the lien <br /> of the New Security Instrument under the terms set forth in this Agreement. <br /> X The Senior Lender has an existing loan in the original principal amount of$77,000.00 (the"Senior <br /> Loan")to the Borrower,which was intended to be secured by a first lien mortgage on the Property. The <br /> Senior Loan is secured by a Deed of Trust,executed by Borrower,as trustor,in favor of <br /> WELLS FARGO FINANCIAL NATIONAL BANK <br /> as trustee for the benefit of WELLS FARGO BANK,N.A. <br /> as beneficiary and recorded on 02/03/2011 in Instrument# 0201100982 at <br /> page N/A (or as No.N/A )of the Records of the Office of the Register of Deeds of <br /> the County of HALL ,State of Nebraska(the"Senior Security Instrument"). <br /> Through an inadvertent error,the Junior Security Instrument was recorded prior to the Senior Security <br /> Instrument. <br /> The Subordinating Lender is willing to subordinate the lien of the Existing Security Instrument to the lien <br /> of the Senior Lender's Security Instrument under the terms set forth in this Agreement. <br /> NOW,THEREFORE,for and in consideration of the above recitals,the covenants herein contained,and for good <br /> and valuable consideration,the receipt of which is hereby acknowledged,the parties agree as follows: <br /> A.Agreement to Subordinate <br /> N/A Subordinating Lender hereby subordinates the lien of the Existing Security Instrument,and all of its <br /> modifications,extensions and renewals,to the lien of the New Security Instrument.This Agreement is <br /> SUBORDINATION ONLY/PC_NE(rev 06202011) Page 2 of 4 <br />