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rn . m � �� �]m � �y rn rn � o �� zrn � rn � �o rn , D �� o o - �z � rn �� � CI] � Z� � � �Z p - � G7� � � _� �I � �� rn � �� rn� p � r� � � �o U] � C �� Iti3� � rn om� � � Z o W � � I�] Z � SUB�RD��ATIC)N AGREEMENT � THIS AGREEM�NT made and ex�cuted this � � day of Dec�m�er,2�14, by��t]ITABL�BAN�., ��u�4►��c�-r;:f�,r��c as"�ub�r��r�a�i��g�r�c��t�r"��r��a��e ar��Qr�},fo��benef��yf�-�DME F��t�'�L SAVIN�S AND LDAN ASS��IATI�N�F GRAND ISLAND,hereinafter referred��as"Secured Pa��'y. VVITNESSETH: �Ti�I�EREAS, Ste��n� Lee and�hris�ine I�Lee,�vvhether one or more}3 her�inafter referred to as"Deb�or", has granted�o the Subardinating�redi�or a Mor�gage or Deed of Tru��dated June 8,�D 12,and f�ed �n�he office of the Hall��unt�Regis�er of Deeds,on the�4�h day of�une,2��2,as Document No.2�1��4978 �n respeG�to t��a� rea� es�a�e described as: See.��ta�hed Exhibit"A" for Legal Description WHEREAS,fhe Secured Party has agreed tn�n�er�n�fl a loan�ransaction with�he Deb�or,whereby�er��in funds are to be ad�an�ed�a the Debtor condit�onal upon the Deb�or pro�iding�h�Se�ured Parry wi�h a first�ien in re�pect to�he abor�e descr�bed real�s�a�e,hereinafter referred t�as the"�ol�a�era�";and �HER�AS,�he Subordina�ing Creditor is v��l��ng�o subordina�e any l��n it may have in respec�to�he �al�a�eral by reason of Subordina�ing C�ed��r's Mortgage ar Deed of Trust of recard to perfec�security whenever and where�er fled in order ta assure the Secured Par�af a first�ien pasition in and to the�a��a�era�; NDW,THEREF�RE, i��s agreed: 1. The Subordinat�ng�red�tar h�reby conse��s to a subordinatian af i�s prior��pas��on to the Secured Par�y and agrees�ha�i�s lien in r�spec�to the N�or�ga�e or Deed af Trust here�nabo�e des�ribed, if any,sha�l a�a�I times be seconda�-�ta the ext�nt herein�rovided and subject to the�ien�f�he Secured Par�y in respect�o�h� �ollateral. 2. Th�Subord�na�ing�reditor hereby consen�s to the Deb�or granting Secured Pat-�y a frst�ien in ali�he C�llatera�as des�ribed abo�e��secure indebtedness to be ad�anced to Debtar by Se�ured Par�y, in the original principal amount of�ne Hundred Ninety Fi�e Thousand and��1�D�ths I]ollars�$I�5,D4�.4Q} recarded�n the off�c�of the�aii�flun�y Reg�s�er�of Deeds an the , ��'� day of December,2D�4, as Documen�No. ��1� ��,�_:'�.._. 3. Sa lang as an ob�igat�� is outs�anding from�he Debtor�a��e Se�u�•ed Party for�ndehtedness evidenced hy Pramissory No�es or other ins�ru�nents of i�adeb�edn�ss�o the ex�en�he�ein provided in Paragraph�,the Secured Par�y's interes�in�he Coilateral shall ha��priori�y�a o��r�he lien of�he Subordina�ing Creditor in that�olla�eral, and�he Subardina�ing Creditorys�n�eres�i��t�aa�Co�la�e�-al is, in alI r�spec�s,su�ject and subard�na�e�o�he securi�y in�eres�of�he 5ecured Part}�to�he exten�af th�p�-�i�cipai sum yet owing ta Secured pa�y in respec�to the indeb�edness descr�bed�n Paragraph 2 alflng wit�� interest and cos�s a�iacable�here�o,hovr�e�er ev�denced.