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201407046
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Last modified
11/21/2014 9:05:01 AM
Creation date
11/5/2014 2:06:00 PM
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DEEDS
Inst Number
201407046
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ffla <br />NOW, THEREFORE, for and in consideration of the above recitals, the covenants herein contained, and for good <br />and valuable consideration, the receipt of which is hereby acknowledged, the parties agree as follows: <br />A. Agreement to Subordinate <br />ELI <br />The Senior Lender has agreed to make a new loan or amend an existing loan in the original principal <br />amount NOT to exceed $148,950.00 (the "New Loan or Amended Loan"), provided that the New Loan or <br />Amended Loan is secured by a first lien mortgage on the Property (the "New Security Instrument ") in favor <br />of the Senior Lender. If the New Loan or Amended Loan exceeds this amount, the Subordination <br />Agreement is VOID. <br />The Subordinating Lender is willing to subordinate the lien of the Existing Security Instrument to the lien <br />of the New Security Instrument under the terms set forth in this Agreement. <br />The Senior Lender has an existing loan in the original principal amount of N/A (the "Senior Loan") to the <br />Borrower, which was intended to be secured by a first lien mortgage on the Property. The Senior Loan is <br />secured by a Deed of Trust, executed by Borrower, as trustor, in favor of N /A, as trustee for the benefit of <br />Wells Fargo Bank, N. A., as beneficiary and recorded on N/A in N/A N/A at page N/A (or as No. N /A) of <br />the Records of the Office of the Register of Deeds of the County of N /A, State of Nebraska (the "Senior <br />Security Instrument "). Through an inadvertent error, the Junior Security Instrument was recorded prior to <br />the Senior Security Instrument. <br />The Subordinating Lender is willing to subordinate the lien of the Existing Security Instrument to the lien <br />of the New Security Instrument under the terms set forth in this Agreement. <br />Subordinating Lender hereby subordinates the lien of the Existing Security Instrument, and all of its <br />modifications, extensions and renewals, to the lien of the New Security Instrument. This Agreement is <br />effective as to any sum whose repayment is presently secured or which may in the future be secured by the <br />Existing Security Instrument. <br />Subordinating Lender hereby subordinates the lien of the Existing Security Instrument, and all of its <br />modifications, extensions and renewals, to the lien of the Senior Lender's Security Instrument. This <br />Agreement is effective as to any sum whose repayment is presently secured or which may in the future be <br />secured by the Existing Security Instrument. <br />B. Appointment of Substitute Trustee If Applicable <br />20140704 <br />The Existing Security Instrument names N /A, as Trustee and the Subordinating Lender as Beneficiary. The <br />Existing Security Instrument provides that the Subordinating Lender may designate and appoint a substitute <br />Trustee in place of any other trustee by an instrument recorded among the appropriate land records. <br />The Subordinating Lender hereby removes N/A as Trustee and designates and appoints N/A as substitute <br />Trustee with the same powers and duties as were originally vested in the Original Trustee under the Existing <br />Security Instrument. <br />C. General Terms and Conditions <br />Binding Effect — This Agreement shall be binding upon and inure to the benefit of the respective heirs, legal <br />representatives, successors and assigns of the parties hereto and all of those holding title under any of them. <br />HE360 SUB/PC - NE - H3S 121029 rev 20140801 Page 2 of 3 <br />0000000000832679 <br />
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