Laserfiche WebLink
NOW THEREAFTER, The Lender made the Borrower a $50,000 loan on 8 -9 -13, The <br />Lender's loan is secured by the Deed of Trust and real estate described above. The Government <br />loan will also be secured by the real estate described above. To induce the Government to make <br />this loan the Lender agrees that only the Lender's Promissory Note dated 8 -9 -13 in the principal <br />amount of $50,000 would hold a lien priority ahead of the Government indebtedness and that all <br />of the Lender's other existing loans to the Borrower and future loans made to the Borrower <br />which would be secured by the cross- collaterali7ation and/or future advance clauses in the <br />Lender's Deed of Trusts are hereby subordinated in favor of the Government's lien and would <br />hold a Junior lien position to the Government indebtedness on the real estate described above. <br />The total principal amount holding a lien priority ahead of the Government Promissory . <br />Note in the amount of $175,000, secured by the Lender's Deed of Trust at any one time shall not <br />exceed the Lender's Promissory Note dated 8 -9 -13 in the principal amount of $50,000. This <br />limitation of amount does not include interest and protective advances pursuant to the Lender's <br />$50,00) Promissory Note. <br />Dated the 12thday of August , 2014 <br />STATE OF NEBRASKA <br />COUNTY OF Hall <br />(09/19/10) <br />j NOTMV•SbtedNebretla <br />USA Sy 1 <br />�P �f , 2018 <br />) ss ACKNOWLEDGMENT <br />The foregoing instrument was acknowledged before me on the 12th day ofAugust <br />20 14 by Lee Jacobsen , on behalf of Pathway B <br />Notary <br />Aw.4.1-a-d ICA <br />Page 2 of 2 <br />0 1 4 05161 <br />