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<br /> SUBORDINATION AGR.EEMENT
<br /> ' THIS AGREEMENT made and entered into this _'� day of
<br /> August, 1977, between Betty Helen Bredthauer, of Fia11 County,
<br /> ; Nebraska, hereinafter referred to as the "Undersigned," and The
<br /> Equitable Life Assurance Society of the United States, a New York
<br /> corporation, having its principal place of business at 1285 Avenue
<br /> of the Americas, New Yortc, New York 10019, hereinafter referred to ,, ;
<br /> �,
<br /> as the "Equitable," �
<br /> W I T N E S S E T H•
<br /> WHEREAS, Au�ust H. Peters and Elaine A. Peters, Wood River, j '
<br /> � i ,
<br /> Nebraska, hereinafter called the "Borrower," are presently indebted ;
<br /> � to the Undersigned, Betty He1en Bredthauer, on account of a cert,ain � ',
<br /> ;
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<br /> mortgage and agreement dated May 11, 1972, and filed June 23, 1972, °
<br /> and recorded in Book 158 at Page 9 of the Mortgage Records in the � .
<br /> � Office of the Register of Deeds of Ha11 County, Nebraska, such
<br /> 5
<br /> � mortgage and agreement being in the original principal arnount of
<br /> �� „
<br /> x $45,000.00� of which sum the sum of $� ?(,��IO "'` is sti11 owing on ; ,
<br /> � account of such mortgage and agreement; and,
<br /> WHEREAS, subsequent to the execution of such contract and
<br /> agreement, August H. Peters and Elaine Peters made application to
<br /> the Equitable �or a loan in the amount of $175,000.00, to be evi-
<br /> denced by a note and mortgage in the principal amount of $175,000.00
<br /> ; covering the following described reai estate, to-wit:
<br /> The 5outhwest Quarter (SW�) of Section Twenty-seven
<br /> (27) and the East Half of the Northwest Quarter
<br /> (E'�NW�) of Section Thirty-four (34), all in Township
<br /> Eleven (11) North, Range Eleven (11), West of the
<br /> ;
<br /> 6th P.M., Ha11 Coun ty, Nebraska;
<br /> and, � "x.��,
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