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ion <br />e c F Q <br />co co <br />(r ' <br />G <br />CU <br />State of Nebraska ) <br />) ss: <br />County of Greeley ) <br />DEED OF TRUST SUBORDINATION AGREEMENT <br />-n <br />c <br />n 7' <br />A = <br />nn <br />,; • • <br />h 1: s c <br />r- r1 <br />r r, , -- --<:27i -• <br />-< C) <br />P • ,, 1---b c_:, - n <br />m OD <br />as r-.i <br />te r- r,.. t.-3 <br />r- X <br />rn .3 r- n <br />x) PI <br />C) <br />I <br />This agreement is made this j day of December, 2014 by and between Henderson State <br />Bank ( "Lender ") and Farm Credit Services of America, FLCA ( "Bank "). <br />Lender is the beneficiary under a Deed of Trust (the "Junior Deed of Trust ") granted by Ken <br />Kohlhof aka Kenneth A. Kohlhof, a single person, Trustors to Henderson State Bank dated <br />April 15, 2009 and recorded in the office of the Register of Deeds, Hall County, Nebraska on <br />April 17, 2009 as Instrument No. 200902871 encumbering the real property described therin <br />(collectively, the "Property"). Bank is the beneficiary under a Deed of Trust (the "Senior Deed <br />of Trust ") dated October 9, 2014 and recorded in the same office on October 28, 2014 as <br />Instrument No. 201406803 encumbering the property described herein. To induce Bank to <br />make a loan to the Borrower secured by the Senior Deed of Trust, Lender has agreed to execute <br />and deliver this Subordination Agreement. <br />ACCORDINGLY, in consideration of the premises and for other good and valuable <br />consideration, the receipt and sufficiency of which are hereby acknowledged, Lender hereby <br />agrees with Bank that the lien of the Junior Deed of Trust on the Property is and shall be and <br />remain fully subordinate for all purposes to the lien of the Senior Deed of Trust on the Property, <br />to the full extent of all sums from time to time secured by the Senior Deed of Trust; provided, <br />however, that the total indebtedness secured by the Senior Deed of Trust does not exceed <br />$127,500.00 exclusive to interest thereon, amounts advanced to protect the lien and priority of <br />the Senior Deed of Trust, and costs of collection. <br />LEGAL DESCRIPTION: <br />Part of the Northeast Quarter (NE %) of Section 4, Township 12 North, Range 11 West of the 6th P.M., <br />Hall County, Nebraska, more particularly described as follows: Commencing at the Northeast corner of <br />the Northeast Quarter (NE %) of Section 4; thence running westerly along and upon the North line of <br />Section 4 a distance of 965 feet to the actual point of beginning; thence running southerly parallel to the <br />easterly boundary line of said Section 4 a distance of 594 feet; thence running Westerly, parallel to the <br />Northerly boundary line of said Section 4 a distance of 396 feet; thence running northerly parallel to the <br />easterly boundary line of said Section 4 a distance of 594 feet to the North line of Section 4, Township 12 <br />North, Range 11 West of the 6th RM., thence running Easterly along and upon the Northerly line of said <br />Section 4 a distance of 396 feet to the point of beginning. <br />IN WITNESS THEREOF, this Subordination Agreement is executed on the day and year first <br />above stated. <br />GENERAL NOTARY - State of Nebraska <br />AND R. MOSEMAN <br />My Comm. Exp. Nov. 4, 2015 <br />HENDERSON STATE BANK <br />By: <br />rn (0 <br />cD <br />tp , 71 <br />co <br />ohn A. Mansfield xecutive Vice President <br />The foregoing instrument was acknowledged before me this la day of December, 2014 by <br />John A. Mansfield, Executive Vice President of Henderson State Bank, on behalf of said <br />Bank. <br />10 <br />