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<br /> ' .78-q�O1�88
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<br /> A.
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<br /> SUBORDINATION AGREEMENT
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<br /> j KNOW ALL MEN BY THESE PRESENTS:
<br /> j .
<br /> i WHEREAS, Ed Kolar, Jr. and Donna B. Kolar, each in
<br />� liis and her own right and as spouse of eacki other, have executed
<br />� a taortgage on the £ollowing described premises:
<br />� Lot Twenty One (27.), in West Be2 Rir
<br /> Fifth Sub�livision, in the Citv of �
<br /> Grand Island, Hall County, Nebraska �
<br />� to the Equitable Building and Loan Association of Grand Island,
<br />, Nebraska, which mortgage is recorded as Document #78-000871 in �.;
<br /> the office of the Register o£ Deeds of Hall County, Nebraska, and �'�
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<br /> WHEREAS, the said mortgagors have also executed a ;';.
<br /> mortgage in favor o£ the undersigned, James G. Rector and Pamela Yx"
<br /> J. Rector, which mortgage is recor�led as Document #78-000645 f
<br /> in the office of the Register of Deeds of Hall County, Nebraska �'
<br /> and the undersigned are the present owners thereof; and
<br /> WHEREAS the undersigned recognize that the said mort-
<br /> gage to the Equitable Building and Loan Association of Grand
<br /> Island, Nebraska, is a first and prior lien upon said premises_ �
<br /> NOW, THEREFORE in consideration of ttze sum of $1.00 R
<br /> and other good and valuable consideration, the receipt of whictz �
<br /> is hereby acknowLed�ed, the undersigned, ,7arnes G. Rector and `
<br /> Pamela J. Rector, acknowledge the priority of tlie said mortgage
<br /> to the Equitable Building and Loan Association of Grand Island,
<br /> Nebraslca, and specifically subordinate the lien of said mortgage
<br /> in favor of the unriersigned, recorded as Document ilumber k
<br /> `78-000645 to the Lien of said mortgage to the Equitable Build-
<br /> ing and Loan Association of Grand Island, Nebraska recorded as
<br /> Document # 78-000871.
<br /> The undersigned, by the execution of this subordina-
<br /> tion agreement do not release the lien of their mortgage in any
<br /> particular, but only subordinate and make junior such lien to
<br /> the mortgage of the Equitable BuiZd3ng and Loan Association of
<br /> Grand Island, Nebraska this ��J''f day of February, 1978.
<br /> ., .. . ., .; `
<br /> ��r� o �
<br /> �es G. Rect
<br /> < �m��-�fL. ��.l�!'t2:
<br /> STATE OF NEBRASKA ) Pamela J. Rector
<br /> COUNTY OF HALL � ss.
<br /> On this �`J -�day of February, 1978, before me, a Notary
<br /> Public, personally appeared James G. Rector and Pamela J. Rector, �`
<br /> both unmarried, and known to me to be t�he iclentical persons so
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<br /> '• named and wtio exec A oregoing subordination agreement and � ��,' j
<br /> acknowledged t*hat d the same as t luntar act {f =
<br /> and deed. G,;2;�R� �:•. �' ��,�
<br /> �c. i� :� t * - � .
<br /> My commission '���e o�°ss`O� t `�
<br /> P
<br /> 3Q o��`��S � Notary PubZic ,..a,.,.: ,��.
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<br /> ��.���N 9�:•�O�P
<br /> SrATE OE.� �
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