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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 /> � �c� � � �z � v� <br /> �`' z� �' � �rn � z <br /> cr �� � � �ov � cn <br /> �� rn �� � <br /> rn� � � =c�r� � � <br /> �o � � � � <br /> �� r� <br /> �� � �� rn <br /> o� o° cn � <br /> � �' z <br /> 0 <br /> RETURN Tfl: <br /> ��ome�=ederal Savin s&Laa�� <br /> P O Bax I a�9 <br /> Gra��d Islar�d.NE �$8D2 <br /> SUB�RD�NAT'��N AGREEMENT <br /> TH�S AGR�EMENT mad�and execu�ed this�8th day of Apr�l,2D�5,by and betwee���C]ME FEDERAL <br /> SAVINGS AND L�AN ASS�CIATI�N�F GRAND ISLAND,her�i�aafter�•eferred�a as"Subardina��n�Credi�or" <br /> ��vhe�her one or more}, and H�ME FEDERAL SAV�N�S AND L�AN ASS�C�AT��N�F GRAND �SLAND, <br /> here�nafter r�ferred�a as"Secured Par�". <br /> �V`�TNESS�TH: <br /> �V'��REAS,James B Ste�enson and D�ane L S�e��nso��, (�hether on�or�nore},hereinafter referred�o as <br /> "D�btar",has branted to the Su�ordinating�reditar a Mor�gage or De�d of Trust da�ed June�$,��13,and f led of <br /> recard in the offic�of the Ha�� �aunty Register of Deeds,on t�e�nd day af July,2D�3,as Do�ument No. <br /> 2��305337 in respect ta�ha�real es�a�e descr�bed as: <br /> Lo��ne�1�,Hollister Subdi�is�on, Hall�ou���,Nebras�Ca. <br /> '�'HEREAS,�h� S��ured Par�y��as ag�-eed�a e�1�e�•in�o a�oan�ransac�ian���h�h�Debtar,�hereb�cer�ain <br /> fu��ds are to be advanc�d to the Debtor�ondi�iona�upo���he Deb�or provid�ng�he Secured Part}r vvi�h a first Iien in <br /> respe��to�he abo�e des�ribed real es�ate,��ereir�after referred to as�he"Co�lat�ral";and <br /> WHEREAS,t�e 5ub�rd���ating�redi�or is�vilii��g to suhordix�ate any �ien�t�nay��ave in respec��o�he <br /> Callat�ral by reas�n af Su�ordina��ng�red�tor's Mor�gage or Deed of T�•us�of�-ecord to perfe�t s�cuY-��y vv��ene�er <br /> a��d vvhere�er f�ed i�a order t�assure�he Secured Par�y of a f�rst Iien posi�ian in and to���Col�a�eraI; <br /> N��V,THEREF�RE, it�s agreed: <br /> 1. The 5ubo�-dina�inb Creditor her�by cansents�o a subordina��on�f i�s priori�position to the Secured <br /> Par�y and agrees�ha�its�ie�in�•espe���o�he Mo��gage or Deed of Trust hereinabo�e des�ribed, if any,shal�a�all <br /> t��n�s b�se�ondary�o th�ex�en�her�in pz�a�ided a�7d su��ec�to�he lien of the Secured Par�y in respec�to�he <br /> Collate�-al. <br /> 2. The Subordinating Credi�or hereby conse���s to the Dehto�-bra�ati��g Se�ur�d Part}�a firs�lien i��all�he <br /> Col�at�ral as desc�•ibed abo�e to secu�-e i��de�ted��ess�o be ad�anced#o Debtor b�Secur�d Farry, ���the original <br /> pri��cipal a�nount of Seven�y Fir�e Thousand a��d 441I�����s Dolla�-s�$75,��D.D��,re��rded iY�the off ce�f�he Hail <br /> Cau��ty Re�is�er af Deeds nn the 28�h day af April,2�I 5,as Documer��No. ���5��649. <br /> 3. Sa Io���as an obl��a�i�n �s ou�stand�r�g fro�r����e Deb�or�o�1��S�ecured Par�y for indeb�edness��idenc�d � � -��� �� <br /> by Pramiss�ry Notes or ather�nstrUme��ts flf indeb�edn��s to���e ex�ent he�•ein pro��ded in Parabrap��2,���e 5e�ured <br /> Par�y's interest in�he Co�lat�r�l shall��ave priori�y to o�er the Iien of the Subordir�a�inb Credi�o�•in���a�Coila�eral, <br /> a�ad fihe Subordinating��-edi�or's i���eres��n fi��a�Cal�a�ei�aI is, in all respects, subjec�and subo�-dxna�e�o���e secur��y <br />