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m <br />m <br />C <br />n z <br />n Q <br />fl <br />SUBORDINATION AGREEMENT <br />c:) <br />COMES NOW the City of Grand Island, Nebraska, secured party /beneficiary and hereby <br />partially subordinates its trust deed /real estate lien recorded November 13, 2008 on the <br />following described real estate: <br />Lot Four (4), Block Seventy (70), Original Town, now City Of Grand Island, Hall <br />County, Nebraska. <br />It is the intent of this Agreement that the trust deed for amounts loaned by First National <br />Bank of Omaha to Miguel Mendoza Santamaria & Maria I. Mendoza (Borrower) that has been or <br />is about to be filed, shall be superior to the trust deed /real estate lien of the City of Grand Island, <br />its successors and assigns recorded November 13, 2008, up to the amount of $43,000.00 plus <br />interest and amounts advanced to protect the collateral. Thereafter, the City of Grand Island's <br />lien shall have priority. It is further understood that this subordination shall include all current <br />obligations, extensions, renewals, advances or modifications made by the City of Grand Island, <br />Nebraska to Borrowers which is secured by the trust deed /real estate lien recorded November <br />13, 2008 as Document Number 0200809416 in the records of the Register of Deeds of Hall <br />County, Nebraska. Nothing in this Subordination Agreement is intended as a promise to <br />provide financing or make advances to Borrowers by the City of Grand Island, Nebraska and it <br />is not the intention of the City of Grand Island, Nebraska to warrant or guarantee the obligations <br />of Borrowers but merely to partially subordinate its lien interests under the instrument recorded <br />at Document Number 0200809416. It is understood that First National Bank of Omaha intends <br />to lend funds to Borrowers but that the subordinated amount is not to exceed $43,000.00 plus <br />interest and amounts advanced to protect the collateral. <br />Nothing in this instrument is intended to relieve Borrowers of their obligation to the City <br />of Grand Island, Nebraska or to subordinate any other lien interests including, but not limited to, <br />real estate taxes and special assessments. <br />