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- rn � m � � � IV � rn Cm7 � � � o � �� C� �m R] rn cn � �� L C Q Q D � � �c7 � r �� C�1 CI] [� � Z� �1 Q �m � � �° = �� D �I �00 � CI] C3� � rn �� rn� � � _[�i� � � � C � �� r � �� a r� � � a�a � �.�. � 00 � � � � � RETllRN T4: Home Federal Sar�ir� s&�aoan P O Bax t 0�� Grand Isla��d I�IE �88�2 SUB�RL7�NAT��i A�REEM�NT .�,,.d-�Y"� TH�S AGREEMENT made and exe�u�ed t��is��day of July,2��5 ,by and�etween H�M� FED�RAL SAVINGS AND L4AN ASS��ATI�N�F CrRAND ISLAND,herei��after referred to as "Subordinating Credifior"�vvhe�her ane or�nore�,and H�ME FEDERAL SAVINGS AI�D L�AN ASS�CIATI�N �F�RAND Z�LAND,here�nafter referred�a as"Secured Par�y". �1'ZTN�SSETH: W�EREAS, Brian R Durnin�and Mary D Durnin�,(r�vheth�r one or rnore},her��nafter referred�o as "De��or",has�ranted to the 5ubard�natin��red�tor a Mor��abe or�.]eed of r�,rust da�ed 1u�,y 8,�p1�__,and filed of record in the office of the HaII �ounty Regis�er of Deeds,an the 27t�' da�of July,2D 14 ,as Documen�No. 2Q�4D5210 i�respec�ta that reai estate described as: Lot Se�en��en�I7}J�ffrey�a�s Fifth Subdi�ision in the�ity af Grand�sland,�a]1�ounty,h�ebraska. WH�REAS,�he Secu�-ed Par�y has agreed�o en�er int�a iaan�ransaction�ith the Debtar,whereby c�r�a�� fur�ds are to be ad�anced�a�he Deb�or conditiona�upan�he Deb�or pro�id�ng the Secur�d Par�y wi�h a first lien�n respect to�he abo�e described real estate,hereinaft�r refe��-ed��as�he"�o�la�e�•al";and �1H�R�AS,the 5ubord�nating�red�tor is willing�o subo�•dinate any l�en�t may ha�e in respe��to the ColIa�e�-al by reaso��of Subordi��a�ing C�ed�to�-'s Ma��gage or Deed�f T�-ust of recard�a p�rfect securi�y when�ve�- and where�er fi�ed�n order�o assure the Secured Par�y of a fi�-st Iien position in and�o the�ollatera�; ��'�,THFREF�RF, �t is agx•eed: �. The Subo�-di�aating C�-editor he�-eby ca��se��s�o a subordiT�atio��of its p�-io�-i�y posi��nY�to t��e Secur�d Party and agrees that it� Iien in respect ta the Mortgage ar De�d af Trust hereinabove described,if ar�y,sha�i at ai1 �imes be secondary to�he extent herein pra�ided and subj�ct to the li�n of�he Secured Pa�-�y in respect to the Co�l�tera�. 2. The Subord�nating�reditor h�reby cons�nfis ta the Deb�or gran�ing S�cured Par�y a firs�l��n in ali�he Collatera�as described abov��o se�uY•e it�debtedness to be adva��ced to Debtor b�Secured Pa�-�y,i��e o��igi��a� p�•�nc�pal amoun�af ��e Hundred Thirt� Four Th�usa�d Fou��Hundred Fifteen ---Dollars�$I 34,4 l 5.0�}, �-e�ord�d�n the office af�he ��all �ou��y Reg�s�e�•of Deeds on�he �� day of July, 2�15 ,as Da�ument No. �� ;��-� �� . . 3. Sa�ong as an obliga�ion is outstandi��g frorn t�a�Deb�o�-�o t�ae Se�u�r�d Par�y fo�•indeb�ed��ess ev�denced by Pramissory I��.�s or other ins�ruments of indeb�edness t�the exient herein p�•ovided in Paragraph�,�he Secured Par-��'s int�x•est in��e Callaterai sha�l ha�e priori�y�a o�er t�ae lien of t��Subo�•di��a�ing C�editar�n�hat Colia�e�•al, and the Subord��a�ing�red�to�•'s int�rest in tl�at�al�a�era�is,in all��espects,subj�ct and subardi��ate to�he se�u�•ity