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� <br /> - m � � � <br /> IV � rn C7 � � � <br /> o � �� � C� �m R] rn <br /> cn � �� � L C Q Q D <br /> � � �c7 � r �� C�1 CI] <br /> � � Z� �1 � �m � � <br /> � � �� D Iti] �00 � CI] <br /> � rn �� � <br /> rn� � � _[�i� � � <br /> - �° � � � � <br /> � �� a r� <br /> � a�a � �.�. � <br /> 00 � � � <br /> C� � <br /> � <br /> RETIJ�N TO: <br /> 1-�ome Federal Sa�in�s&Laan <br /> P U Box I Q4� � <br /> Grand Is1an�.NE 688�2 <br /> SL�B�RD�NAT��N AGREEMF�T <br /> TH�S A�`rREEMEI�T made a��d executed���is 2 I st day of Jul��4I 5, b}��nd between H�ME F�DERAL <br /> SAVINGS AND L�AN A55�CIATIDN�F GRAND ISLAND,h�reinafter�-eferred to as"Subord�na�inb�redi�or" <br /> �whether on�flr more�,a��d�-��ME FEDERAL SAVINGS A�ID LC]AN ASS��IAT��I��F CRAND ISLAND, <br /> her��n�fter refer�ed�a as"S�cured P��-ty". <br /> '�V�TNESSET�: <br /> WH�REAS,�hristopher M Wal2 a��d,����ether o�e or more3,hereia�afte�•r�ferred�o as iiDebtar",has <br /> granted to th�Subordinating�r�di�or a Mor�gage or Deed af Trust dated Ju�Y�D,��14,and f led of�ecord�n the <br /> office of�he�all�aun�}�Re��s�er�f L7eeds,on the�7th d�y af A��ust,�4�4,as Do�um�nt Na.�41��5�61 in <br /> �•espec�fio�hat real es�a�e d�scr�bed as: <br /> The Nor�herly S�x�Six�d6}fee�of L��[�ne�1�in Block Five�5}in Windolph's Addition�o the Cif�of <br /> Grand�sland,Hail Count�,Nebras�.a. <br /> �HEREAS,the Secured Par�y has agreed to enter into a loan�ransac�io���v��h�he Deb�or,whereby certain <br /> funds are to be advanced to�he Debtor condi�ional upon the Debtor prov�din�the Se�ured Part:y wi�h a f r5t lien in <br /> respect�a the above described real estate,here�nafter referred to as the"Calla�eral";and <br /> WHEREAS,�he�ubordinating Cred���r�s willing�o subord�nat�any�ien�t ma��haWe in respec�to the <br /> �allaterai by r�ason of Subardinating Credi�or's Mor�gage or Deed of Trus�of record ta p�rfect security whene�er <br /> a��d where�er filed in orde�t�as�ure the S�cu�•ed Part���f a first l�en p�sitian in and to the Collate��al; � <br /> N[��,THEREF�RE, it is agreed: <br /> �. The Subordinating�r�difor hereby�onscnfs to a sub�rd�nafiari of its p�-ioz•i�y posi�io�ta�he Secured <br /> Par�y and agrees�ha���s lien in res�e��t�the Mor�gage or�7�ed of Trust��ere���ab��e described,if an�,shall at al� <br /> times�e se��ndary tn t��e extent here�n pro�ided and subject�o th� Iien af t��e Se�ur�d Pa�-�y in�-�spec��a�he <br /> �olla�e��a�. � <br /> �. Th�Subordinating�redi�or hereby consen�s�o the Debtor g�•ant�ng Secured Par�y a first lien in alI th� <br /> �alla�e�•a�as d�scr�bed above to secure indebtedness to be advanced�o Deb�or by Secured Par�ys i�a���e ar�g�nal <br /> pr�ncipa] am�unt of Fif�y Thousand and DDII��t��Do��ars��5�,fl��.��1}recorded in�he off ce of�he HaII�oun�y <br /> Register of Deeds an th�2 I st day af Julv,��15,as Docurnent Na.20154493�. <br /> 3. S�Ia��g as a��obligat�o��is fluts�a��dr��g fro������e Debtor�o tl�e SecU�-ed Pa�-ty fo�-iz�de��edness�vide���ed <br /> b�Promissor�Not�s o�•o���er ins��•u�n�nts af ind�b�ed��ess�o the e�t�pt herein provided in Paragraph 2,the Secu�•ed <br /> Par�y's �nteres��n�he Collatera�shall�a�e priority t�over#he �ien of���e Subnrdina�in��redi�a�•in that C�IIa��ra�, <br /> a��d t�ae Subardinating�reditor's�nterest in t�hat Collatera�is,in ail respec�s,subject and�ubordinate to�he securit� <br />