Laserfiche WebLink
� <br /> - m � � � <br /> IV � rn C7 � � � <br /> o � �� � C� �m R] rn <br /> cn � �� � � C Q Q D <br /> � � �c7 � � �� C�1 CI] <br /> � � z� � � �m � � <br /> � � �� D � �oo � [n <br /> � rn �� � <br /> � rnmrn � _� � � <br /> rn r� � y cn c� � <br /> - �� v� � �� � <br /> � �� <br /> � a�a � ��. � <br /> vo o . . U] � <br /> � � � <br /> � <br /> RETUR�I T�: <br /> _ Hum�F�:dc�at 5a�ings&i.�oan <br /> P�Box ��Q9 <br /> Grand Islaa�d.NC 68802 <br /> SUB�RD�h1ATI�N A�R�EM�NT <br /> T��IS AGREEMENT made and exe�uted�his�nd day of�c�abe�-4 2�I S by and between H�ME <br /> FEDERAL SAVIN�S AND LQAN ASS�C�AT��h��F GRAN��S��AN�,hereinafter refer�-ed�n as <br /> "5ubordina�ing�reditor"�whether one or rnore�,and�3�ME FEDERAL SAV�N�S AND L�AN ASS�CIATI�N <br /> �F�RAND ISLAND,hereinaf�er referred to as"Sec�red Party". <br /> '�VITNE55ETH: <br /> WHEREAS,S�e��n�V Dowding and,�whether on�or more},he��einafter refel�red�o as"Deb�or",has <br /> gran�ed to th�Subordina�ing Creditor a Mor�gage or�3eed of Trus�dated February �8,�Dfl9,a�7d fl�d❑f r�card in <br /> the office of the Ha�l Count��Reg�ster of Deeds,on��e�4�h day of Februar�,.2D09,as I]acumen�I�Io.��D94�363 ��� <br /> respec��o tha�reaX es�a�e described as: � <br /> Lot�ne(1�;Axfard Second Subdivisio��,Ha1��ounty,Nebraska. <br /> 'V���R�AS,�he Secured Par�y has agreed tn�nter in�o a laan transa�t�o��vvith t�ae Debto�•,whereby ce�-�ai�� <br /> funds are�a b�advanced#o�he Ueb�or�and��ional upon the Debtor prov�ding the Secured Par�y wi�h a first lien in <br /> respect�o�he abo��described real es�ate,herei��after referred to as the"�ol�a�era�";a��d <br /> �V`��REAS,the Su�ordi��a�ing Credi�ar is wii�inb to subardinate any l��n it may hav�in respe���o�he <br /> Collateral by reason of Subord�natin��reditar'S Mor�gage or Deed af Trust�f record�a perfec�security when�ver <br /> and wher��er f led in arder ta assure the Secured Par�y of a first Iien pasit�on in and�o�he Ca�la�era�; <br /> �DW,TH�REF�RE, �t is agreed: <br /> 1. The Subordina�in�Creditor her�by c�nsents�o a suborr�ina�ion of its p�-ioi•ity posi��on to��ie Se�ur�d <br /> Party and agrees tha�its�ien in respec�t��h�Morti�a�e or�Jeed of Trus�hereinabo�e described,if any,shal�a�all <br /> �imes be secandary�o the extent h�re�n pravided and subject to�he l�en of the S��ured Part}r in respect to the <br /> �oi�a�eral. <br /> 2. The Subordinating�reditor her�by consents�o�h�D�btar grant�ng Secur�d Party a frst�ien�n all the <br /> C�l�ateral as descr�bed abflve fia secure indebtedne�s�o be advanced to Deb�ar by Secured Pa�-ty, in the oribina[ <br /> principal amount of Four Hundre�i Seven�e�n Thousar�d and��1��Qths I�ollars�$4�7,��Q.44�recorded in the off�ce <br /> of the Hall Cau��ty�te�is�er of Deeds on�he i s#day❑f C�Gtaber,�n�5,as Documen�No.��I 50�74�. <br /> 3. So long as an obl�gat�on�s autstandin�frorn�he Deb�ar�a the Secur�d Far�far ind�btedness e�videnced <br /> b��'r�m�ssary I�Ia�es ar other instruments of indeb�edness�o�h�extent��e�•ein provided in Paragraph�,the Se�ured <br /> PaY-ty's �nterest in����al�a�eral shall ha�e priority to over the li�n of th� Sub�rdina�ing Credi�o�in�hat�ol�ate�a�, <br /> and�he 5ubardinating Credi�or's in�eres�in�hat Collatera�is, i��all r�sp�cts,subje��and subordinate�o�he security <br />