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<br /> 2 O O O O O 1 9 c� SUBORDINATION OF DEED OF TRUST � � �
<br /> KNOW ALL MEN BY THESE PRESENTS, THAT WHEREAS, Reis Construction, c��
<br /> Inc., a Nebraska Corporation,hereinafter referred to as"Mortgagors/Trustors"did on the 20�' of ,
<br /> October, 1999 execute and deliver to Jeffrey Oaks, Inc. a mortgage/Deed of Trust upon certain �
<br /> real estate located in Hall County,Nebraska, and legally described as: �
<br /> Lot Five (5) Jeffrey Oaks Sixth Subdivision in the city of Grand Island, Hall County,Nebraska
<br /> conditioned for and to secure the payment of the sum shown on the NOTE, which
<br /> mortgage/Deed of Trust was recorded in the Office of the Register of Deeds of Hall County on
<br /> the 20th day of October, 1999 as Document No. 99-110220.
<br /> WHEREAS, Mortgagors/Trustors, for the purpose, among other things, of paying or
<br /> securing certain debts, have agreed to execute and deliver a mortgage/deed of trust upon the real
<br /> estate to United Nebraska Bank conditioned for the payment of the sum of Eighty F ive Thou s and
<br /> Dollars ($8�,000.00), to be a first mortgage/deed of trust upon the premises, recorded in the
<br /> Register of Deeds Office as Document No. 2 0 0 0 0 0 0 9 2
<br /> NOW, THEREFORE, Jeffrey Oaks, Inc. in consideration of the premises for value
<br /> received,the receipt and adequacy of which is hereby acknowledged, does hereby bargain,
<br /> consent, promise and agree to and with Mortgagors/Trustors, their heirs and assigns,that the
<br /> Mortgage/deed of trust upon the premises thus to be executed by Mortgagors/Trustors to United
<br /> Nebraska Bank, for the amount and interest above mentioned, shall at all times be a prior
<br /> Mortgage/Deed of Trust and a prior lien upon the premises to the Mortgage/Deed of Trust of
<br /> Jeffrey Oaks, Inc. as above described.
<br /> IN WITNESS WHEREOF, the undersigned has executed this Subordination of
<br /> Mortgage/Deed of Trust on this 6th day of January 2�c7c�
<br /> ,
<br /> EFFREY OAKS, INC.
<br /> BY
<br /> STATE OF NEBRASKA)
<br /> COUNTY OF HALL )SS
<br /> Before me, a Notary Public qualified in said County,personally came Jar�es s. Reed,
<br /> president of Teffrey Oaks, Znc. known to be the same and
<br /> identical person who signed the foregoing Subordination of Mortgage/Deed of Trust, and
<br /> acknowledged the execution thereof to be his voluntary act and deed as such office.
<br /> Witness my hand and Notarial Seal on anUarv 6 � �p��
<br /> -State ot Nebraska � `` .
<br /> �.Now�r ; `��i" � � �/ �1 ��'.Gf,�-� (,: �/
<br /> MIIp�pE SCilAOEA SUNDERMEIER
<br /> ��q�n,E�p,gept,�,2003 � o bli
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