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200002624 (c) It intentionally and unconditionally waives, relinquishes and subordinates the lien or charge of the Real Estate Lien first above mentioned in favor of the lien or charge upon said land of the Deed of Trust in favor of Lender above referred to and understands that in reliance upon, and in consideration of, this waiver, relinquishment and subordination specific loans and advances are being and will be made and, as part and parcel thereof, specific monetary and other obligations are being and will be entered into which would not be made or entered into but for said reliance upon this waiver, relinquishment and subordination; and (d) An endorsement has been placed upon the Note secured by the Real Estate Lien first above mentioned that said Real Estate Lien has by this instrument been subordinated to the lien or charge of the Deed of Trust in favor of Lender above referred to. NOTICE: THIS SUBORDINATION AGREEMENT CONTAINS A PROVISION WHICH ALLOWS THE PERSON OBLIGATED ON YOUR REAL PROPERTY SECURITY TO OBTAIN A LOAN, A PORTION OF WHICH MAY BE EXPENDED FOR OTHER PURPOSES THAN IMPROVEMENT OF THE LAND. CITY OF GRAND ISLAND, NEBRASKA A Municipal Corporation 'l Ken Onadt, Mayor Ira L. Simons Attest: Cindy K. Johns , Ci Jerk La6aine Simons STATE OF NEBRASKA ) ss. COUNTY OF HALL ) Before me the undersigned, a Notary Public in and for said county, personally appeared KEN GNADT, Mayor of the City of Grand Island, Nebraska, a Municipal Corporation, to me personally known to be the Mayor and the identical person whose name is affixed to the above instrument, and acknowledged the execution thereof to be his voluntary act and deed as such officer. )VITNESS my hand and notarial seal at Grand Island, Nebraska, thi&;Z day of 2000. tIeVas GENERAL NOiANY- S,ONNSON� 111 CINDY K' �y 31, 2000 ray P is