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rn <br /> m � � � <br /> rnm � y rn <br /> o �� � �n �rn IV rn <br /> �, �o rn � � o <br /> o �z � � z� � � <br /> � � �� � � �z � � <br /> � z� �' � �rn � z <br /> �� o � �ov � cn <br /> �� rn �� � <br /> rn� � � =c�r� � � <br /> �o � � � � <br /> �� r� <br /> �� � .�.� rn <br /> o� � � � <br /> � � <br /> � z <br /> � <br /> RETURN Ta: <br /> �-�o�ne�ederal 5av�n�s&Loaa� <br /> P D Bax l D49 <br /> Gra��d Is�and.NE �58��. <br /> SUBC�RD�NAT���I AGREEMENT <br /> TH�S A�REEMENT made and�xecu�ed this�4th da�of March,2�I 5,b}�and between��M�FED�RAL <br /> SAVINGS AND L�AN ASS�CIAT��N�F GRAND �SLAND,hereinafter referred to as"SUbordinating�redi�ar" <br /> (whether one or more},and��ME FED�RAL SAVIN�S AND L�AN ASS�C�ATI�N�F GRAND ISLAND, <br /> here�nafter r�ferred to as"Secur�d Par�y". <br /> �VITNESSETH: <br /> W�EREAS, Doublas I�Caldwell and�annie S�atdvvell,�whe�her one o�-mo�-e},herei��aft�r referred�o as <br /> "De�tor",has granted�o�he Subardinat�ng Gre�i#or a N�artgage or D�ed of Trust dated January 31,2�13,and fi�ed <br /> of r�cord�n the affice of�he Hal�Coun�}r Reg�s�er of Deeds, on�he 1�th day of February,2��3, as Docum�nt No. <br /> 2��3��1�S in resp�ct�o that�-ea�es�a�e described as: <br /> S�e A�ached Exhibi�"A" for Legal Description <br /> `11lHEREAS,���e Secu�ed Par�y has agreed�o en�er into a�oan t�-ansac�ion wi�h the D�btor,whereby cer�ain <br /> funds are�o be ad�a�iced to�h�Debtor caY�ditional upon�he L�eb��r p�•oviding t��e S�cUred Par�y vvith a f rst Iien in <br /> respect ta�he abo�e descr�bed r�ai es�ate,here�nafter�-efe�-�-ed ta as�he"Colla�eral"; and <br /> 'L�VHEREAS,�he Su�ord�nat�ng��•edi�or is�►�vill���g�o subo�di�ate any ��en it may�have in respect�o�he <br /> �olla�era�by reason of Subord�na�ing�r�di�or's Mortgage or Deed of Trus�af�•eco�•d�o perfect securi�y whene��r <br /> and�rherever fled in�rder to assure t��e Secured Par�y of a first Iie�a posi�ion in at�d�o���e�ollat�ral; <br /> N�'�ls THEREFflRE, i�is agreed: <br /> 1. The Subord��ati�g Creditor hereb�consen�s�a a subord�na��on of i�s pr�orit�posi��ot��o�he Secured <br /> Par�y and ag�-ees t��a�i�s iie�� in respec�to���e Mor�gage or Deed af Trus�hereinab��e described, if a��y,shal�at all <br /> ���r�es be seconda�-y fo t��e exte�����erein pro�ided and subject ta�he lien af�he Secured Pa�-ry�n respec��o�he <br /> �o�la�eral. <br /> 2. The Subordinafiing�redi�o�•here�y�ons����s�o�he Debtor gran�ing S�cured Par�y a frs��ien�n aI1�he <br /> �ollateral as described abave to secure i��deb��dn�ss�o be advanc�d to Debtor by Secured�'arty, in the ori�ina� <br /> principa�amoun�of Fo�-�y Two Th�usand Se�e��Hund�-ed Fifte�n and 4a110��hs Doilars���2,715.��}r�corded in <br /> ���off ce of the Hal�Coun�y Re�is�er af Deeds������e�4th day a�March,���Sy as Document Na.�4 I 5��74�. <br /> 3. So Iong as an ob�ibation is outs�anding from�he D��t�r�o the Secured Parry far indebtedn�ss evidenced � <br /> by Pro��n�ssory No�es ar o�her ins�rumet�ts�f indeb�edness�a th�extent herei��proWided in Parabraph�,���e S�cured <br /> Party's interest in���e Colla�e�-al shall��a��priarity��o�er�the Iie��of t�ae Subordi��a�inb Credi�ar in���a�Co�late�al, <br /> and the Subo�-dinating��redi�or's �nterest in tha��oIlate�-al is, in all respec�s,subjec�and su�ordina�e to t��e secu�-ity <br />