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� <br /> - m � � � <br /> IV � rn C7 � � � <br /> o � �� � C� �m R] rn <br /> cn � �� � � C Q Q D <br /> � � �� � C �� C3� C�n <br /> �i � Z� �1 '� �m � � <br /> � � �� D � �00 � [n <br /> - �� rn �� � <br /> � rn� � � =c�i� � � <br /> - �� v� � � � <br /> � �� r� <br /> � a�a a .��. rn <br /> 00 � � � <br /> � � � <br /> � <br /> SUB�R.D�NATI�N AGREEME]�T <br /> . �a� <br /> "r'��S AGREEMENT made and ex�cuted this � � day of August,2�15,by�DRNER�T�NE BANI{, <br /> here�nafter ref�rred to as"Subordinating Credit�r"�whe�h�r onc or rna�-�}, for the benef��f�-I�ME FEDERAL <br /> SA'U�I�G5 ANL�LQA� .�S SC�C��T���QF�`aRAN:� �SLA�D,�er�inafte�-r�f�rred�o a�"5ecur�d p�r���". <br /> WITNESSETH: <br /> �VHEREAS, Sha�P McGowan and Ja��y L McGowan,�vv��e�her�ne or more�,hereinaf��r referred ta as <br /> "Debto�•",has granted�o fihe Subordinat���g�red�tor a Mor��age ar Deed of Trus�dat�d Ju�y 2,�D I 3,and f l�d in�he <br /> office Qf the Hall�aunty R��is�er of Deeds,on the l�t�da�of.���ly,2�13,as Document No.2�13�554�, in respe�t <br /> �a�hat real es�a�e described as: <br /> Lot`���en�y��ue��5�, in�agl�Lake Es�a�es Subdi�ision,Hal��oun�y,Nebt•aska. <br /> �HEREAS,the Se�ured�'ar�y h�s ag�•eed�a ente�-inta a laan�ransact�nn�vi����he L]ebtor,whereby certain <br /> funds are�o be ad�anced to�he I�eb�or co�di��onal upan�he Debtor�ro�iding the Secu�•ed Party«ritk�a f�rs�l�en in <br /> i•espect ta t�he abo�e described real estate,he��einaf�er�•efe�-�-ed�o as the"�o�late�•a�";a��d <br /> �]LT��EREAS,the Subardinating�redi�or�s��illing�a subordinat�any Iicn it may h�v�in respec��o the <br /> Colla�eral by�easori of Subardina�ing Gredi�or's Mox-�gage or Deed nf"Trust of recard ta perfec�securi�y wheneWer <br /> and wl�erever filed in orde�•to assure the Secured Patfiy af a firs�lien positian�n and�o the�olla�erai; <br /> N[]�hl,THEREFUR�.,it is a�reed: <br /> 1. The Subo�•dinating Gredi�ar he�•eby�ans�nts��a subord�nation of i�s prio��ity p�s�ti���o t��e Se�ured <br /> Par�y and agrGes�hat i�s Iie��in respect�o the Mortgage ar Deed�f Trus�hereinabove described, if an�y,shall at ali <br /> �imes be seconda�•y�o�he ex�ent herein pr��id�d and su�ject�o t��e I�e��of���e Secu���d Part�in��esp�c�to�he <br /> �a�lateral. <br /> �. The Subordi��a�ing Creditor h�reby cansen�s���he Debtar granting Secured PaY�a first��en in all the <br /> Colla�e�-al as described ab�ve�o se�ure i�adebtedness�o be advaY�ced to Debtar by Secured Par�y, in t��e�rigix�al <br /> princ�pa�aYnou��t of Three Hund�ed Seventy Tvv�Thousand Faur�u��dred a��d DOII 0����s Dol�ars�$37�,4D�.��� <br /> rec��•ded in�h�off ce of�he��all�oun�y Register of De�ds on�lie ��' day of Augus�,�4 I 5,as Document�a. <br /> ��i�`��`������ <br /> 3. So Iong as an o��i�;a�ion�s outsta��d�ng frorn the De�ta�•�o����Secu�•ed Par�y far���debtedness evidenced <br /> �y P�•a�nissary�Ic�tes or ot��er i��s�rum�n�s of indebtedness to ihe ext���t hei•�i��p�•ovided iz��'az-a�rapl7 2,t��e Secured <br /> Paz-�y's�n�eres�in the�o�latera�shall have priorit�to ove�•the lie��af f��� Subardinating�redi�ar in�hat�olla�eral, <br /> and���e Subo�-dinatiY�g Credi�or's�r��er�st in that�allatei�al is, i�a al�respec�s,subject and subordina�e to t�he se�urity <br /> inte�•est of the Se�ux�ed Party�o the extent of����principal s��m yet owing ta Secu�•ed pa�rty i��respect�o the <br /> indeb�edraess des��•ibed iY�Pa�•a�raph�alang with ir��e�•est and costs allocab�e thereta,howe�e�•e�ide��ced. <br />