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200100872 SUBORDINATION AGREEMENT (Deed of Trust) This Subordination Agreement ( "Agreement ") is made this 1 Ith day of January, 2001 by and between Wells Fargo Home Mortgage, Inc., ( "Wells Fargo ") and Grand Island Area Housing Corporation, a Nebraska Corporation (the "Creditor /Beneficiary"). RECITALS Kurt A. Schaible and Laura L. Schaible, husband and wife, (the "Borrower /Debtor "), gave a deed of trust to the Creditor /Beneficiary, dated March 20, 1995, and recorded in the Office of the Register of Deeds for Hall County, Nebraska on March 21, 1995 as Document Number 95- 101603 (the "Creditor Deed of Trust "), which constitutes a lien on real property located in Hall County, Nebraska more particularly described herein below (the "Property "): Lot 5, Block 3, George Loan's Subdivision, City of Grand Island, Hall County, Nebraska and the East' /2 of vacated Poplar Street abutting Lot 5 on the West. Wells Fargo has now made or shall make a loan to benefit the Borrower /Debtor in the amount of $56,300 also secured by a deed of trust on the Property, dated 'Qw ,and recorded in the Office of the is'Lcr for Hall County; ebraska on ;cD , as Document Xumber,2Upj - r,o�! 1 I (the "Wells Fargo Deed of Trust "). Creditor /Beneficiary has agreed to execute and deliver this Agreement for the purpose of subordinating its interest in the Property pursuant to the Creditor Deed of Trust to the interest of Wells Fargo in the Property pursuant to the Wells Fargo Deed of Trust. AGREEMENT NOW, THEREFORE, in consideration of the premises and as an inducement to Wells Fargo to accept the Wells Fargo Deed of Trust, Wells Fargo and Creditor /Beneficiary agree as follows: 1. Creditor /Beneficiary agreed to subordinate, and hereby does subordinate, the lien of the Creditor Deed of Trust in and against the Property to the lien of the Wells Fargo Deed of Trust in and against the Property. Creditor /Beneficiary agrees that the Wells Fargo 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 Creditor Deed of Trust.