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<br /> SUB�RI]XNATI�I�A�REEMENT
<br /> THIS AGREEMENT made and execut�d this Z�st day af November,�D I4 by FederaI Hvme Loan Ban�
<br /> of Topeka,her�inafter refe�red�o as"5ubvrdinating�reditor"(whe�h�r�ne or more},�or the b�nefit of HQME
<br /> FEDERAL SAWINGS AND L�AN ASSqCIATI4N C�F�RAND ISLAND,hereinaft�r ref�rr�d tv as"S�cured
<br /> Pa�.t�,,s.
<br /> 'L�ITNESSETH:
<br /> �VHER.�AS,Eric P I-�angsermeier a,-��,�wh�ther ane or mare),€��reinditer r�f�rred t�as"Debtor",has
<br /> g,rantcd tv the Subordinating�rreditor a Martgage ar Deed of Trus�dated,�une 3,201 l and fil�d in the off ce af the
<br /> . �all Caunty Register of De�ds,on the 3rd day af June,��11,a.s Dacument No.201 I�4211 in respe�t to that real
<br /> estate des�ri�ed as:
<br /> Lvt Twv�23,B1aGk Tw�nty Nir�e{�9),in Charles'Wasmer's Additi�n tv the City af�rrand Island,Hail
<br /> County,Nebraska.
<br /> '�'V'HER�AS,the 5ecured Far�y has agreed to enter intv a loan transaction with the�ebtor,wh�reby certain
<br /> fund�are to be ad�anced�o the Debtor cvnditional upvn the�ebtor pr�viding the Secur�d Parry with a frst lien in
<br /> r�sp�ct t�the abo�e described rea�estate,hereinaf�er referre�ta�s the"Co��ateral";and
<br /> V+IHEREAS,the Subvrdinafing Cr�ditor is willing tv sut�ordinate any Iien it may have in respect t�the
<br /> C4llateral by reasan of Subordinating Cr�ditor's Mortgage ar�3eed of Trust vf recard�o perfect s�curity wh�ne�er
<br /> and where�sr f Ied in order�o assure#he Secured Par#y af a�rst li�n pasition in and to the Callateral;
<br /> NOW,THEREFUR�,it is agreed:
<br /> 1, The 5ubordinating�redit�r hereby�onsents to a subardination of its prioriry position to#he Secured
<br /> Par�y and agrees that its lien in resp��t to the Mortgage vr Deed vf Trust h�reinabo�e des�ribed,if any,shall at aII
<br /> times b�secondary ta the extent herein provided and subject ro the Iien�f the S�cured Party in resp�ct to th�
<br /> Callat�xal.
<br /> 2. The Subordinating Cr�ditor h�reby�ons�nts to�h�Debtar gz-anfing 5ecured Party a first Ii�n in all the
<br /> Collatera�as described abave to secure indebtedness to be advanced to D�btor by 5ecured Parry,in th�ariginat
<br /> principal amount afNinety Six Thousand ane Hundred and 441100ths Dvllars��96szoo.0�},recarded in the office
<br /> of the Ha1l C�un Regis�er of�7e�ds on the ��' day af De�ember,20�4,a�Do�umenr�Yv.
<br /> �3 �.
<br /> 3. S�long as an ob�igat�on is�utstanding firom the Debtvr to the S�cured Par�y for indebtedness evidenced
<br /> by Promissvey No�es or ather instruments af indebtedness t�th�exien�her�in praWided'zn Paragraph 2,the Secured
<br /> Party's interest in ihe Coliateral shall have priarity to over th�fien of the 5ubordinating�reditor in tha��fl�latera�,
<br /> and the Sub�rdinatin��reditor's inter�st in that Cvllat�ra�is,in aIl respects,subjec�and subordinate to the secur�ty
<br /> interest af fh�Secured�'arty ta the extent af#he princ�pal sum yet owing to Secur�d pa�ky in r�spect ta the
<br /> indebt�dness described in I'aragraph�alvng with in�eres�ar�d�osts al�ocable�hereto,howev�r evidenced,
<br /> 4. Sa long as any par�ion afthe described ab�igation to the Secured Party is outstanding and unpaid,the
<br /> pra�isivns vf th�Deed of Trust ar a�her ins�rument af secuxity betw��n the D�btor and�he S�cured Party are
<br /> con�-alling as ta the Colla�erai in which 5�cured Par�y is ta have a first s��urity interest,including any time there is
<br /> a c�n#�i�t be�ween it and�he pro�isions of any lien ins�rument granted to the 5ubardina�ting Craditar by the�Jebtvr.
<br /> 5. This Agre�men�is a continuing,absfllute and unconditianal agreement af subordination without regard
<br /> to the validity or enforceability of the Promissory Notes or vther instruments�f indebtedness between the Debtor
<br /> and the 5ecured�'arty evidencing sums due or documents granting a security interes�in ihe C�Ilateral,irrespecti�e
<br /> of the tim�or order of at�achment or p�rf��tian vf th�se�urity interest in th�Collaterat or�he tird�r of filing the
<br /> Deeds of Trust or�ther instruments of security with respec�tc�the Col�a�era�.
<br /> 6. This Agr�emen#sha1�remain in fult fvrce and eff�ct and is binding upon the Sub�rdinating�reditnr and
<br /> upan its successors and assigns,so�vng as any portivn of thz sums secured as described irt Faragraph 3 ar�
<br /> outstar�ding and unpaid.
<br /> 7, The Subordinating Cr�di#or and agrees that th�Fromissax-y N�t�s t�r other ins�ruments af indehtedness
<br /> af�e Debtor evidencing the ohligation between the�ebtor�:nd the Se�ured party may from time to time be
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