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n M 2 (� O n en D z t` v ° M rn m p n 2 (� O n en z t` ° ° M rn m p M V < O V CD PIO _n �- 0 Liz +t 2 O d o C1 A M -� M Q r a `n C7) w n w ro Cn b Subordination Agreement (Deed of Trust/Norwest Subordination to Creditor),, This Subordination Agreement ( "Agreement ") is made this 21 day of F e b u a r y , 2 0 0,(hy and between Norwest Bank Nebraska, National Association, a national banking association ( "Norwest ") and Home Federal Savings And Loan Association of Grand Island (the "Creditor "). Recitals _Timothy A. Vaughn and Jean the 'Borrower "), gave a deed of trust to Norwest dated A and recorded in the Office of the Register of Deeds for _ t 31 , 1 9 9 5 as Instrument Number r whic constitutes a lien on real property located in follows (the "Property "): M. V a u g h n (whether one or more, u g u s t 14, 1995 (the " Norwest Deed of Trust "), Hall County, Nebraska on 5-105877 in Book - Page Hall County, Nebraska more particularly described as Lot 43, Le Heights Fourth Subdivision To The City Of Grand Island, Hall County, Nebraska. Creditor has mayt�dFs 9m8aking a loan to the Borrower, secured by a deed of trust on the Property dated December 12, (the "Creditor Deed of Trust "), in the principal amount of S 7 5 , 2 0 0. 0 0 and recorded in the Office of the Register of Deeds for Hall County, Nebraska on Dec . 2 4 , 19 9 8 as Instrument Number 9 8 -112 7 6 9 afewXXxxxxxx4%ftXxxxxxxxx Norwest has agreed to execute and deliver this Agreement for the purpose of subordinating its interest in the Property pursuant to the Norwest Deed of Trust to the interest of the Creditor in the Property pursuant to the Creditor Deed of Trust Agreement NOW THEREFORE, in consideration of the premises and as an inducement to the Creditor to accept the Creditor Deed of Trust, Norwest and Creditor agree as follows: 1. Norwest agrees to subordinate, and hereby does subordinate, the lien of the Norwest Deed of Trust in and against the Property to the lien of the Creditor Deed of Trust in and against the Property. Norwest agrees that the Creditor Deed of Trust shall have the same validity, force and effect as if executed, delivered, and recorded prior to the date of execution of the Norwest Deed of Trust. 2. Neither Norwest nor Creditor: (i) makes any representation or warranty concerning the Property or any other property of the Borrower or the validity, perfection or (except as to the subordination accomplished hereby) priority of any lien thereon or security interest therein, or (ii) shall have any duty to preserve, protect, care for, insure, take possession of, collect, dispose of or otherwise realize upon the Property or any other property of the Borrower.