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- rn <br /> � m � � � <br /> IV � rn Cm7 � � � <br /> o � �� � C� �m R] rn <br /> cn � �� � L C Q Q D <br /> � � �c7 � r �� C�1 CI] <br /> [� � Z� �1 Q �m � � <br /> � � �� D �I �00 � CI] <br /> - rn� rn � �� � � <br /> - rn� � � y cn c� � <br /> _ � <br /> � �� � a � rn <br /> � a�a W �.�. � <br /> 0 o IV � � <br /> I1] � <br /> � <br /> RETURI�T�: <br /> _µ,Home_Fede_raI Sa��ings&Loan <br /> P�Box l 4D� <br /> Grand�sla�ad,NE G8802 <br /> C�RRECTIVE <br /> SU�3�R��NAr��I��AGR:�EME�`r <br /> THIS AGREEMENT made and executed th�s 7th day of July, 2��5, by anc�betvveen HDME FEDERAL <br /> SAVIN�S AI�D L�AN ASS�C�ATI�N�F GRAND ISLAND,herein�fter ref�rr�d�o as"Subordina�ing�red��or" <br /> �v�hether ane ar moY•e�,and H�ME FEDERAL SAVINGS AND L�AN ASS��IAT��Ir1�F GRAI�ID ISLAND, <br /> hereinai�er x•ef�rred fo as"5e�ured Party". <br /> WIT�ESSETH: <br /> W�-I�REAS,�Vil�ia�n R�arl and�.aren L Ea�•1,��hether on�or m�re},her�inaft�r referr�d to as"Debtor", - <br /> �as granted�o��e Subordinat�ng�reditor a Mor�gage or Deed af Trus�dated Ju1y I,2���,and f l�d of re�ord in�he <br /> office of�he�all Caunty Reg�ster of Deeds,on�he 8�h day of May, 2015,as Dacumen�I�o,2Q 1 Sq293�in�•�spec� <br /> to�hat real esta�e desc�-ibed as: � <br /> Lot Four��},Biock Tw��2},Por�derosa Lake Estates Third Subdivision,an Addi�ion ta the���y flf�rand <br /> Island,Ha��C'ounty,�rCebraska. <br /> �VHEREAS,t��e SecUred Pa��ty�las agreed�o���ter i��to a laa��t�-a�lsactio��wit��t��e Debto�-,w�ae�-eby�e�tai�� <br /> funds are�a b�ad�anced to the Debtor candi�iona�u�an the Debtor providing the Secured Par�y w��h a f rst lien in <br /> respect to the abor��described real�s�ate,hereinafter referre�to as the"�o��ateral";and <br /> �THERE�S,the Subo�•dinat�ng Creditflr�s vwi�I�ng�o subardina�e any Iien i�may ha��in respec�to the <br /> Colla�eral by reastiz�of Subordinatin��r�dito��'s Mot-tgage or Deed of T�-us�of record t�perfect se�uri�y vv�����e�e�- <br /> a��d vvhe�•ever f led in order to assure the Secured Fa�-�y of a frs��ien posi�ior��n and�o�he�ollate�a�; <br /> N�VW`,THER�F�R�,it�s agreed: <br /> I. Th�Subo�-d�r�atin�;�redit�r her�by consenis ta a subardir�atiarl of it�priority pasitian t❑�he Secured <br /> Par�y and a�;rees tha�its Iien in respec��o�he Mortgage or Deed of Trus�hereinabov�described,�f any,shail a�all � <br /> �imes be�econdar}�to the extent herein�p�-o��ded and subj ec�to the 1 ien of the Secured Part}�in respec�ta�he <br /> �ollaterai. <br /> 2. The Subardina�ing�redit�r hereby consen�s to�h�Deb�oz�granting Secured Par�y a first�ien�n a1�the <br /> Collatera�as d�s�ribed a�bo�e ta secure�ndebtedness ta be advanced�o Debtor by Secured Part}�, �n the origina� <br /> princ�pa�amaunt af�ne Hundred Six�y�aur Thausand and nDl l���hs I]ollars(�164,�On.O�� recorded in�he office <br /> of the Hall Caun�y Reg�s�er of I3eeds on the�Oth day of May, 2�15,as Dacumen�No.2�15�3�59. <br /> 3. So Iong as an�bliga��on�s ou�standing from�he Debtar�o the Secured Par�for indebtedness e�idenced <br /> by Promissary Notes ar other�nstruments of indebtedness to�he e��et��herein pro�ided in Para�raph 2,the Secur�d <br /> Party'� inte�-est in#he�olla�eral�ha�l ha�e priority to over the�ien af the Subardina�in��reditor in that Coiiateral, <br /> and the Subard�nating[:reditor's interest in that�ollatera! is, in ali respects,subjec�and subord�nat�to the security <br />