Laserfiche WebLink
a <br />0--' z <br />0- - . 5-3 <br />cn <br />co a-05: <br />—4 ........., z_ z i <br />_..L <br />le, I L <br />S'` it <br />1 <br />i� oo / s <br />a <br />t <br />6- <br />SUBORDINATION AGREEMENT <br />iv <br />COMES NOW the City of Grand Island, Nebraska, secured party /beneficiary and hereby <br />subordinates its trust deed /real estate lien recorded April 4, 2008 on the following described real <br />estate: <br />1 XENEWL NOTAW( - State otNebteek8 <br />RANAE EDWARDS <br />Illy Comm. Exp. Dec. 29, 2018 <br />vo <br />m <br />-n <br />z <br />! % I N N <br />X S <br />By <br />el et <br />nx <br />Lot 6, Block 4, Koehler Place, City of Grand Island, Hall County, Nebraska <br />It is the intent of this Agreement that the trust deed for amounts loaned by Cornerstone <br />Bank to Shari Trompke (Borrowers) that has been or is about to be filed, shall be superior to the <br />trust deed /real estate lien of the City of Grand Island, its successors and assigns recorded April <br />4, 2008, up to the amount of $8152.06 plus interest and amounts advanced to protect the <br />collateral. Thereafter, the City of Grand Island's lien shall have priority. It is further understood <br />that this subordination shall include all current obligations, extensions, renewals, advances or <br />modifications made by the City of Grand Island, Nebraska to Borrowers which is secured by the <br />trust deed /real estate lien recorded April 4, 2008 as Document Number 0200802843 in the <br />records of the Register of Deeds of Hall County, Nebraska. Nothing in this Subordination <br />Agreement is intended as a promise to provide financing or make advances to Borrowers by the <br />City of Grand Island, Nebraska and it is not the intention of the City of Grand Island, Nebraska <br />to warrant or guarantee the obligations of Borrowers but merely to subordinate its lien interests <br />under the instrument recorded at Document Number 0200802843. It is understood that <br />Cornerstone Bank intends to lend funds to Borrower /s but that the amount that will be superior <br />to the City of Grand Island's Hen is not to exceed $58,000 plus interest and amounts advanced <br />to protect the collateral. <br />Nothing in this instrument is intended to relieve Borrowers of their obligation to make <br />payments to the City of Grand Island, Nebraska or to subordinate any other lien interests <br />including, but not limited to, real estate taxes and special assessments. <br />Dated: CJ tA9A- o7L =MI5 City of Grand Island, Nebraska <br />L. <br />Jer yy L L. , Mayor <br />STATE OF NEBRASKA ) <br />)ss. <br />COUNTY OF HALL ) <br />The foregoing instrument was acknowledged before me on 1t y,9,t4M c (o <br />2015, by Jeremy L. Jensen, Mayor of the City of Grand Island, Nebraska. U <br />Notary Public <br />tf <br />n G <br />