Laserfiche WebLink
rn <br /> m IV �� � <br /> rnm � �� rn <br /> � <br /> o �� � � zrn � rn <br /> � �o rn , � �� � o <br /> � �z � C �� � � <br /> � z� � � �z � � <br /> o �� �' � =rn � z <br /> �� � � �� � � <br /> rnm rn � r� � � <br /> C� � CI] W C <br /> �� � � � � <br /> �� � �� z <br /> o� � � � <br /> � z <br /> 0 <br /> R��rvRN To: <br /> �om�Federa�Savi�� s&Loan <br /> P C�Box 1 n�9 <br /> Grand Is�and,NE bSSQ2 <br /> SI�B�RL]INAT��N AGREEMENT <br /> .� <br /> THIS A�REEMENT made and execu�ed this�day of August,���4,by aY�d between H�ME <br /> FEDERAL SAVIN�S AND L�AN ASS���ATIaN�F GRANI��SLAND,hereinafter referred to as <br /> "Su�ordina��ng�a-edi�or"(vvh�th�r o��e or more�, a�ad��ME FEDERAL SAV�NGS AND L�AN ASS�C�ATI�N <br /> �F GRAND ISLAND,�ereinafter referred to as"Se�ured Far�y". <br /> ViI��T`�NESSETH: <br /> 'L�I�EREAS,Me�issa M �Vo�talewicz and,�whe�her one or mo�-e},h�reinafter referred�o as"I]�h�or",has <br /> granted�o�he Subordina�ing�reditor a N�ortga�e or Deed of Trust da�ed�c�ober I 3,�4��, and fil�d af re�ord�n�he <br /> offce of�he Hal I Cflunt�Regis��r of D�eds, on�he 29t�' da�of�c�o�er,��I�y as Documen�No.��1�D8�25 in <br /> resp�c��o�hat rea� estate described as: <br /> The Eas�Fo�-fiy�4D}Fee�af Lat Fi�e�S�and aIl af Lo�Fou�•�4}, ln B��C�C S�V�n���p��7�,�r���na1 Tov�rn of <br /> �Vaad Ri�rer, Hal��oun��,N�braska. <br /> WHER�AS,the Secured Party has agreed to en�er into a loan�ransaGtion v�it��t��e Deb�or,��vhereby certain <br /> fu�ads a��e�a be ad�anced�o the De��or conditional upon the De��or p�-ovidi�ag t��e Secu�•ed Party���h a first�ien �n <br /> �•espect�o the a�a�e described real es�ate,her�inaft�r referred to as the"Collateral";and <br /> '�'�IT�EREAS,�he Subordina�in�Greditor�s vv�il�ng�a subordinate any�ien i�may ha�e in�-�spec��o�he <br /> �olla�e�-ai by reason of Subordinating�redi�or's Mor�gag�or Deed of Trust af recard��perfect se�ux-i��whene�er <br /> and vvherever filed in Qrder��assure t�e Secured I'aa-ty�f a frst lien posi�ion in a��d�o the Co�latera�; <br /> N�'�V,T�EREF�RE, i�is agreed: <br /> 1. The Subordinating Cr�ditor hereb��ons�n�s to a su�ordination of i�s priaY•i�y position to�he S�cured <br /> Par�y and agrees�hat i�s Iien in respec��o���e Mor�gage or Deed of Trus�h�reinabo�e descr�bed, if any,shali at alI <br /> �ia��es b�s�condary�o�he ex�en�herei��provided and sub�ect#o�he lien of�he Se�u�-�d Par�y in respect�o the <br /> �o��a�eral. <br /> 2. The Subordina�ing�red��ar he�-eb�co�sen�s ta the Deb�or gran�ing Se�ured Pa�-�a frs�l�en in a�l�he <br /> �olla�e�al as descri�ed above�o secure indeb�edn�ss to be advan�ed�a Deb�or by Secured Party, �n the original <br /> pr�ncipal amount of�n�Hundred Fifteen Thflusand Six H��d��ed Thi�-�y Five a��d��Il��ths Dolla�-s�$I I S,d3�.04} <br /> recorded in��a�office of th�Hal�County Register of D�eds on���e 31 St day of 1u�y,2��4,as Docume���No. <br /> ��14�4688. <br /> 3. So long as an obliga�ion is outstand�n�;from�l�e Debtor to�he Securec�Party far inde��edness e�ridenc�d <br /> by Pr�missor��No�es or�th�r instruments�f�ndeb�ed��ess�o fi��e ex�en�herein p�-av�ded �n Paragraph�,�he Secured <br /> Part�y'S 1n��I-es�in�he Callate�-al sha�i have priari�y�o a��r�he l�en�f the Subordina��n�Credi�or i���ha��o�la�eral, <br /> and t��e Sullordi��a�i�g Creditar's �nt��res�in���a��olla�erai �s, �n ail respe��s,subje��and�ubordi��a�e�o the securi� <br />