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This Subordination Agreement ( "Agreement ") is made this 10 day of February
<br />2000 by and between Norwest Bank Nebraska, National Association, a national banking
<br />association ( "Norwest ") and Bank of Wood River dba Heritage Bank a
<br />State Chartered Bank (the "Creditor /Beneficiary").
<br />D & D Investments, a partnershipE�avia and Christine A. Starostka,
<br />wife, and Danny R. and Janet L. Starostka, husband and wife,
<br />(the `Borrower/Debtor"), gave a
<br />deed of trust to the Creditor/Beneficiary, dated October 7, 1998 , and recorded
<br />in the Office of the Register of Deeds for Hall County, Nebraska on
<br />October 20,1998 as Document Number 98- 111114 (the "Creditor Deed
<br />of Trust "), which constitutes a lien on real property located in Hall County,
<br />Nebraska more particularly described herein below (the "Property"):
<br />husband and
<br />Subordination limited to lots 1 and 2, Colonial Apartments Subdivision, in the city
<br />of Grand Island, Hall County, Nebraska
<br />Norwest has now made or shall make a loan to benefit the Borrower /Debtor in the
<br />amount of $ 248, 000.00 also secured by a deed of trust on the Property, dated
<br />August 17, 1999 , and recorded in the Office of the Reg; firer of needs for Hall
<br />County, Nebraska on August 19. 1999 , as Document Number 99- 108350 (the
<br />" Norwest Deed of Trust ").
<br />Creditor /Beneficiary has agreed to execute and deliver this Agreement for the
<br />purpose of subordinating its interest in the Property pursuant to the Creditor Deed of
<br />Trust to the interest of Norwest in the Property pursuant to the Norwest Deed of Trust.
<br />AGREEMENT
<br />NOW, THEREFORE, in consideration of the premises and as an inducement to
<br />Norwest to accept the Norwest Deed of Trust, Norwest and Creditor /Beneficiary agree
<br />as follows:
<br />1. Creditor /Beneficiary agreed to subordinate, and hereby does subordinate, the lien
<br />of the Creditor Deed of Trust in and against the Property to the lien of the Norwest
<br />Deed of Trust in and against the Property. Creditor /Beneficiary agrees that the
<br />Norwest Deed of Trust shall have the same validity, force and effect as if executed,
<br />delivered, and recorded prior to the date of execution of the Creditor Deed of Trust.
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<br />SUBORDINATION AGREEMENT
<br />200002322
<br />(Deed of Trust) i
<br />This Subordination Agreement ( "Agreement ") is made this 10 day of February
<br />2000 by and between Norwest Bank Nebraska, National Association, a national banking
<br />association ( "Norwest ") and Bank of Wood River dba Heritage Bank a
<br />State Chartered Bank (the "Creditor /Beneficiary").
<br />D & D Investments, a partnershipE�avia and Christine A. Starostka,
<br />wife, and Danny R. and Janet L. Starostka, husband and wife,
<br />(the `Borrower/Debtor"), gave a
<br />deed of trust to the Creditor/Beneficiary, dated October 7, 1998 , and recorded
<br />in the Office of the Register of Deeds for Hall County, Nebraska on
<br />October 20,1998 as Document Number 98- 111114 (the "Creditor Deed
<br />of Trust "), which constitutes a lien on real property located in Hall County,
<br />Nebraska more particularly described herein below (the "Property"):
<br />husband and
<br />Subordination limited to lots 1 and 2, Colonial Apartments Subdivision, in the city
<br />of Grand Island, Hall County, Nebraska
<br />Norwest has now made or shall make a loan to benefit the Borrower /Debtor in the
<br />amount of $ 248, 000.00 also secured by a deed of trust on the Property, dated
<br />August 17, 1999 , and recorded in the Office of the Reg; firer of needs for Hall
<br />County, Nebraska on August 19. 1999 , as Document Number 99- 108350 (the
<br />" Norwest Deed of Trust ").
<br />Creditor /Beneficiary has agreed to execute and deliver this Agreement for the
<br />purpose of subordinating its interest in the Property pursuant to the Creditor Deed of
<br />Trust to the interest of Norwest in the Property pursuant to the Norwest Deed of Trust.
<br />AGREEMENT
<br />NOW, THEREFORE, in consideration of the premises and as an inducement to
<br />Norwest to accept the Norwest Deed of Trust, Norwest and Creditor /Beneficiary agree
<br />as follows:
<br />1. Creditor /Beneficiary agreed to subordinate, and hereby does subordinate, the lien
<br />of the Creditor Deed of Trust in and against the Property to the lien of the Norwest
<br />Deed of Trust in and against the Property. Creditor /Beneficiary agrees that the
<br />Norwest Deed of Trust shall have the same validity, force and effect as if executed,
<br />delivered, and recorded prior to the date of execution of the Creditor Deed of Trust.
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