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<br /> SUB012DINATZON nGRGL•"PIF.NT
<br /> AUGUST N. and EGAINB 1�CTEItS (hereinafter cal].ed the "Uorro�oer"), in3ivid-
<br /> � uals doittg business e�t Itoute 'l., t�ood liiver, Nebraska, ar.e uow indebted
<br /> to the undezsigned in L-he principal sum of Tl�irty-7'tiree 7'liousanci ar�d No/100
<br /> Dullars (;33,000.00), beiug the amount presently owing on tl�e murtgaye a�id
<br /> agreement dated May 11, 1972, and filed Juue 23, 197"l, and recorded i.n
<br /> 13ook 1SE3 at Page 9 bf L-he Mortgage Records iti the Office of the Reyi.ster
<br /> of �eeds of Hall County, Nebra:�ka, such mortgage and agreemenL- 6einy in the
<br /> original principal amount oL Corty-l�.ive 'Phousand and No%100 Uoll�rs
<br /> ($45,000.00).
<br /> In order tu induce the Lquitable Life Assurance S��c.iety ot the Onited States
<br /> (heteinafter called "liquitable") to make a real estate loan to the 13orrower
<br /> or extend credit upot� any instrwneuL or writiny itt respect oI which tlie
<br /> [3orrower may Ue liable in auy capacit.y or yr.ant such renewals or extensions
<br /> of any thereot �s Lyuitable may deem advi.sable, the undersiyned liereby
<br /> a9rees that the undersigi�ed's real estate mortgaqe wi11 be su6ordinated
<br /> to the mortyage of I;quitablr_'a ��� the aUove described real, estate.
<br /> Tlie undercigned agrees that 1lorrower will make no principaJ. or i�il-erest
<br /> ��ayment lo l-he undereigned mitil annual principal and interest payments
<br /> are made as agreed by 13orrower to 1';quitable. '1`he principal amoutit now owed
<br /> � uy Dorrower to the undersiyned is 'Phirty-'Pl�ree '17iousand and No/100 Dollare
<br /> � ($33,000.00) payable '1'hree Thousand and No/100 Ucllars ($3,OOO.UO) per
<br /> � year on date or r�3ro1, 1 each year at Che rale oi Seven Percer�t (7�) per
<br /> �; annum.
<br /> Notice of acceptance of this Agreemetd: is hereby waived and Chis Ayreement
<br /> shall be immediately Uindinq upan the undersi9ned, xnd tl�e executors,
<br /> �: administrators, successors and a,eigns of t:he undersigned.
<br /> Tliis Ayreeme�zt sliall be construed accor.din9 ta Clie laws oL the State of
<br /> r ' Nebraska.
<br /> F,iyned this 1�4�h�lay oL �o�obor , L97G.
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<br /> � �C, G ! '�a.CGL-��GGCCf�
<br /> lietty Ilel��l Uredthauer
<br /> STATL 01" P�ObTa8k8 , CounL-y oE }Iall
<br /> Be£ore me, a noCary public qualified for said county, ��ersonally ciine
<br /> ` Bai;ty Ftolvn 13redthauer
<br /> � knawn to me Co be lhe identical per�on or [�ersons who si.yued Llte foreqoing
<br /> i.nstrument and acknowledye the execuCion Ll�ereof lo Le his, her or Ll�eir
<br /> volunCary act aud deed.
<br /> Y
<br /> � S9ltness my hand and noCar.ial seal on Ootober 1r� , 17'1G.
<br /> „ My commission expires: �b�� f� 19_
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<br /> �u+UrAN p.BIACK � ,
<br /> � , ,_�OENERALNOTAf1Y•Btib01N96R ' '� �`C:� •-• �•��. �•��!c'�
<br /> :.;.��y M1�YCommlulonEMpkM Nolary Yublic
<br /> � FCUUARV 6.t970
<br /> � WP herrbV �Ck�InW)Cd)n YF,rr-.ilih r�f a rn�i�• t7f Phn fnrr��rili�r3 F;qhnYrlin�.t�i,nn
<br /> � 1�9r@ement and �qree that we will nvL ��iy any indebtedne,s owinq L�y us tu
<br /> a cai.d Betty I�elen UredChaimr exce��t as iu Nie Foreyoing aqreement �?rovided.
<br /> In L-he event o[ a breaclt by eilher. sai� ileCty ❑elen (3redChauer or r,urselves
<br /> of auy of the provisions of lhe foreqoing Aqreetnent, all oP our obllyations
<br /> and liablliL.ie� Lo L•;quitable shalJ., without notice or demand, I�ecome
<br /> l�runediately due and payable unlesr� Equil:able e.liall otherwise el.ect.
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