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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 /> � �� � � �ov � cn <br /> �� rn �� � <br /> rn� � � =c�r� � � <br /> �o � � � � <br /> �� r� <br /> �� � �� rn <br /> o� o° cn � <br /> � �' z <br /> 0 <br /> �z�:Tu�N��o: <br /> _Home Federal Savings&Loa�3 <br /> P�Bvx 1��9 <br /> �rar�d Island,NF �88D2 <br /> SUB�RD�NATI�N ACREEMENT <br /> THIS AGR�EMENT made and execu�ed t�his�Sth day of April,20I5,by and betw�ep H�ME FEDERAL <br /> SAV�NGS AND L�AN ASS���ATI�N�F CRAND ISLAND,her�inafter refer�-ed to as"Subordinating�reditar" <br /> �v�het�ler a��e or more},and��ME F�DERAL SAVIN�S AND LQAN ASS���AT��N�F�RAND�SLAND, <br /> hereinafte�-referr�d to as"Secur�d Party". <br /> V�ITN�SSET�: <br /> �1V�EREAS,�ames B Ste�enso��and I�iane L Ste�enson,�whether one or m�re},here�nafter t-eferred�a as <br /> "Deb�or",has granted to the Subardina��ng C�•editor a N�or�gage or Deed of Trust da��d August�6,�D I4,and f led <br /> of recor•d in the off�ce of the�all Coun�y Register of Deeds,on the�d�h day of September,2a�4,as Documer��N�. <br /> 2�14�6�45 in respect to tha�rea�es�a�e described as: <br /> L���ne��3, ��o�lis�e�•Subdi�isian, Ha�l�ounty,Nebraska. <br /> �HEREAS,the S�cur�d Party has agreed�o enter in�a a�oan�ransac�ion��i�h�he Deb�or,wh�reby Ger�ain <br /> funds a�•e�o�e advanced to�he Deb�or condi��onal upon the Debtor providing th�Se�ured Pax-�y with a first�ien in <br /> respect�o�he abor�e described real estate, hereinafter referred to as the"Colla�era�";and <br /> '�V��R�AS,�he Subordina�ing�red�tor�s wil�ing to subordinate any�ien it may��a�e in respe�t�o the <br /> Col�a�e�-al by reason of Subord�na��n��reditor's Mor�bage or Deed af Trust of record�o pe�•fect security vv��neve� <br /> and�v��erever f led in�rder to assure the Se�ured Par�of a frs�li�n pos��ion in and to the Col�a��ra�; <br /> N�W,T�EREF��E, i��s agreed: <br /> 1. The Subordinating Credi�or���reby consen�s�o a sub�rdina�ion af��s priori��position to���e Secured <br /> Par�y and abrees tha�its ��en�n respec��o the Mor�gage or Deed af Trust hereina�ove descr�bed, if any,shall at aIl <br /> �imes be se�ondary to t��e�xtera���erein pro�ided and subjec�ta the l�en of the Secured Pa�-ty in r�spec��o the <br /> Collateral. <br /> �. The Subord���a�ing Cr�ditor hereby cansents�o�he Deb�or granting S�cur�d Par�a f rs�lien �n ail the <br /> Col�a#eral as descr�bed abo�e�o secure ind�b�edness to be ad�anced�o D�b�or by Secu�-ed Pax-ty, in���e or�binal <br /> principa�amou���of Seven�y Fi�re Thausand and�011�Oths Dallars�$75,�44.4D�,recorded in�he off ce of�he�all <br /> Gounty Regis�er of D�eds on�he�Sth day of April,2D15,as Dflcument No.�D�SD��49. . <br /> 3. So ��ng as an ab�i�ation is outs�anding from���e Deb�o�r to���e Secu�•ed Party fa�-indebte'���ess evidenced <br /> by Promissory Notes ar other ins�rumen�s af i��debt�dness�o����extent he�•ein p�•ov�ded in P�ragraph 2,�he Secu�-ed <br /> Par�y's ���teres�i��the Col�a�eral shall ha�e p�-io�-i���o a�e�•�he�ien af the Suba1-dina�inb��-editor in�ha��oliat��-al, <br /> and��ae Subordina�ing�r�di�or's in��rest in�ha�Col�a�eral is, i��al��-espects,subject a��d subordi��ate to�he securit� <br />