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<br /> 1) That said Deed of Trust securing said Nato in favor of Lender, and any
<br /> -. ° � renewals of cxtensions thereof,shall unconditionally be sr+d remsining at all ;_
<br />-� ,k;+ � „•. timea a lien or chsrge on the Nroperty thcrein described, prior and superiar -_
<br /> to thc lien or charge of tho Deed of Trust first above m�ntioned.
<br /> �
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<br />;� 2) That Lender would not make its loan above described without this
<br /> Subordination Agrecment.
<br /> _.� 3) That this Agreement shall be the whole and only agreement with regard
<br />...r ,.' . to the subordination of the lien or charge of the Desd of Trust first abave
<br />;... � ,
<br />_ • , to the lien or charge of the Deed of Trust in favor of Lender abovc referre
<br />= � ` to and shall supersede and cancel,but only insofar as would affect the
<br />� ',,� priority between the Deeds of Trust hereinbefore specifically described,
<br />{.' _
<br />- , any prior agre�ment as to such subordination including,but not limited
<br /> _••• to,those provision, if any,contained it the Deed of Trust first above
<br />;}' mentioned, which provide for the subordination of the lien or charge -
<br />-'�, .• `•'��� thereof to another Deed or Deeds of Trust at to another mortgnge or
<br />- " � martgages.
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<br /> Beneficiary declares,agrees and acknowledges that:
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<br />:.,�:. . .. .,, 1) He consents to and approves(i)of all provisions of the Note and Deed o
<br /> � � •- Trust in favor of Lender above refened to,and(ii)all agreements�
<br />;:_;r:Y�t(-�� including but not limited to any loan or escrow agreements,betwe.en
<br />-Ltl;��i.i��
<br /> ����,�� �w��r ard Len�er for thP���h��rcement ofthe proceeds ofLender's loan;
<br /> v:�S'+v.rii�
<br /> `='��_� 2) Lender in making disbursements pursuant to any such egreement is under
<br />��L�"� no obligation or duty to� nor haa I�ender represented that it will, see ta the
<br />;,�,b.�;.'"�� application of such proceeds by the peraon or persons to wham I.ender
<br /> :::;;,s� disburses such proceeds and any application or use of such proceeds for
<br />=A��=�'�"� purposes other than those provided for in such agreement o*agreements
<br /> r������'�'�'��3� shall not defeat the subordination herein made in whole or in part;
<br />�.��
<br />----�"`:��
<br /> _--- 3) He intentionally and unconditionally waives,relinqui$hes and
<br /> �,�;1�� subordinates the lien or charge of the Deed of Trust first above mentioned
<br />--s����+��+ in favor of the lien or charge upon said land of tho Deed of Trust in favor
<br />�,�.-��;�
<br /> _;�;-,�., -�' of Lender above referred to and understands that in relianca upon,and in
<br /> '°�'s��ti`_•+� consideration of, this waiver,relinquishment and subordination spscific
<br /> - L�-�'_,
<br /> y,,,r..�x,; loans and advances are being and will be made and, as part and parce
<br /> --a-���_�::_. thereof,specific monetary and other obligations are being and will be
<br />--�":��j entered into which would not be made or entered into but for said
<br />_����• { reliance upon this waiver,relinquishment and subordination; and
<br />�����'°. 1
<br /> _�::,�„ ,
<br />�� � � 4) An endorsement has been placed upon the Note secured by the Deed of
<br /> � Trust first above mentioned that said Deed of Trust has by this instrument
<br />-` becn subordinated to thc lien or charge of tha Aeed of Trust in favor of
<br /> � Lender above referred 40.
<br />� ��
<br /> = NOTICE: THIS SUBORDINATION AGREEM�NT CONTAINS A PR4VISION
<br /> ' WNICH AI,LOWS TIIE PERSAN OBLIGATED ON YOUR REAL PROPERTY _
<br /> � SECURiTY TO OBTAIN A LOAN,A PORTION OF WHICH MAY BE __
<br /> � ' � EXPENDED FOR OTHER PURPOSES TAAN�1VIPROVEMENT OF THE LAND. :
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<br /> J 1 H i G vr iv�ucv..�•u�� - - i - • �
<br /> � )S9. BY�� _
<br /> - { COiJNTY OF HALL ) — �
<br />- Sworn and Subscribed to before me this th ds�y of D 1998.
<br /> GENERAI HOTARY Stale ol Neb��sh� o a�y Public
<br /> , IU SHERRI L.0'CAIIAGHAN
<br /> � My Comm.E�p Seut-7.8,1999
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