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By <br />STATE OF NEBRASKA <br />My: Commission expires: <br />Centris Federal Credit Union <br />11718 M Circle <br />Omaha, NE 68137 <br />Prepared By: Carrie Pearson <br />SS <br />4 <br />SUBORDINATION AGREEMENT <br />0—ie <br />Elizabeth ADirkey <br />Its Lending Manager <br />Centris Federal Credit Union <br />Notary Public <br />Space Above Line For Recording Data <br />This Agreement made this 18 day of October, 2013, between Centris Federal <br />Credit 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 December 14, 2007 and recorded December 20, 2007 at Instrument <br /># 200710587 in Mortgage Records of Hall County, Nebraska to secure a loan in the <br />original principal amount of ($20,000.00) to John F. Farlee & Beverly J. Farlee, a <br />husband and wife, ("Borrower(s)") and covering the following described real estate: <br />LOT TWO (2), BLOCK TWO (2) KOEHLER PLACE, AN ADDITION TO THE CITY OF GRAND <br />ISLAND, HALL COUNTY, NEBRASKA. <br />WHEREAS, Lender proposes to make a loan to Borrowers not to exceed the <br />principal amount of $48,000.00, dated February 15, 2013 and recorded February 22, 2013 <br />in Instrument # 201301449 in the records of Hall County to be secured by a first <br />mortgage or trust deed upon real estate covered by the Deed of Trust/Mortgage of Credit <br />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 />NOW, THEREFORE, in consideration of the premises the parties agree as follows: <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 />$48,000.00 secured by the mortgage or trust deed of Lender. <br />Centris - eral Credit Union <br />COUNTY OF DOUGLAS <br />On this 18 day of October , 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 deed as such Trustee. <br />N <br />O <br />CO CD <br />GENERAL NOTARY - State of Nebraska <br />JAMES D. WEHUNG <br />My Comm. Exp. Aug. 18, 2015 <br />