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<br /> RETURI�T T�:
<br /> Home Federal Savings&Loan �
<br /> P a Box�D49
<br /> --Grand I�3and NE 65802
<br /> SUB�RDINATI�N A�REEMENT
<br /> . TH�S AGRE�MENT made and executed this 22na day of_ �ct�ber,�414 ,by and betvveen H�ME
<br /> FEDERAL SAVINGS AND L�AN ASS�CIATIDN aF GRAND ISLAND,her�inai�er referred ta as -
<br /> .Y "5ubordinating Credi�ar"�whether ane or more},and U. S.BANK NATI�NAL ASS��IATI�I�T,her�ina��r
<br /> referred�a as"Se�ured Paarty". �
<br /> W�TNESSETH: �����`'� ���7�����'�'1��'�#'
<br /> WHEREAS,LARRY B RUNGE and LINI77A D RUNGE,(whether on�or more},hereina�er ref�rred to as
<br /> "I3eb�ar",has granted to the Sub�rdinat�ng Creditar a Martgage or Deed vf Trust da�ed Au�ust�,��4� ,and filed
<br /> of recard in the affice af the Hal� County Reg�ster af Deeds,on the 7� day�f Aug,�ust,�44�,�,as Document
<br /> Na. D2��G�7��8 in respect�o that real es�ate described as:
<br /> L�T ELEVEN(1��,IN BL��K TWD��},��NTINENTAL GARDENS,AlV ADDITI�N T�THE CITY
<br /> �F G�Al��]�SLAND,HALL��UNTY,NEBRASI�A.
<br /> VL�HEREAS,�he S��ured Pa.r�y has agreed ta en�er iu�at�a�oan transactxon with�he I3ebtor,whereby certain �
<br /> fixnds are to be advanced to�he Del�tor condi��onal upon the Dehtnr providing the 5ecured Party with a f�rst lien�n
<br /> respect�o th�abo�e described r�al estate,hereinafter referred to as the"�a1la�eral";and
<br /> 'L�HEREAS,the 5ubordina�ing Cr�di��r is wixling�o sub�rdinate any�ien it may ha�e i.r�resp�ct to the
<br /> �o�latera�by reason of Subardix�ating Creditor's Mortgage or De�d of Trus�❑f recard to perfec�security when�ver
<br /> and wherever��ed in order ta assure the Secured Pa�rty af a fust l�en pos�tian in and to the Co�Iatera�;
<br /> I���,�HERE�F�R�,it is agreed:
<br /> �. The Suh�rd�nat�ng Credxtor hereby cansents t�;a subord�nation of it ��Qr1ty��p�o��t��.�a�.��-�cu�d
<br /> Pariy and agrees that��s lien�n respect ta�he Mortgage or Deed of Trus�here�n � �ove���`x���;���y sha���a��,�� .
<br /> t�mes be secandary to�e exten�here�n pra��ded and subject to�h�l�en of the S u�e�F` :'�°'�`�` ����`'```s�#��.�����:-�
<br /> �
<br /> ��11a��ral.
<br /> � 2. The Subardinating Credit�r her�b�r cansents to�h,e Debtor granting Secured Party a�'irst�ien ixa.all the
<br /> Co��ateral as described abv�e to secure indebtedness to be ad�anced to Debtor by S�cured Parfiy,�n the origina�
<br /> pr�ncipal amount of NinetY�ne Thousand Fi�e,Hundred and 4�1��O�hs Dal�ars[$91,S�U.4�},r�corded in the
<br /> offi�e of�he Hall �ounty Register of Deeds on t�ae ,.,. �.�.��.. day of„,,,.,. , , ,, , , .,as
<br /> Do�u�ent l�Ia. .
<br /> 3. So lvng as an�b�iga�ion�s outstandi�x�g fram the Deb�or to the Secured Pa,rty for indebtedness ev�denced
<br /> by Promissory No�es ar other instruments of indebtedness to the extent herein pro�rxded in Para.graph 2,the 5e�ured
<br /> Pa.r�y's in#erest in the�ol�ateral sha11 ha�e pr�arity t��ver the�i�n of�he Sub�rdinatxng Credx�ar in that Colla�era�,
<br /> and the Subord�nating Credi�ar'S interes�in that Co��a#era�is,in all respects,subj ect and subordiuiate ta the secur�ty
<br />
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