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Bank is the beneficiary under a deed of trust (the " Junior Deed of Trust ") dated December 10,
<br />1998, granted by James Rookstool AKA James L. Rookstool and Christine Rookstool, husband and wife
<br />( "Borrower"), and recorded in the office of the Register of Deeds, Hall County, Nebraska, on March 11, 1999,
<br />as Document No. 99- 102592, encumbering the real property described therein (collectively, the "Property").
<br />Refinancer is the beneficiary under a deed of trust (the "Senior Deed of Trust ") dated
<br />Q� <C7, , 20 ©� , granted by the Borrower, and recorded in the same
<br />office on — YI\CD 1S� , 20�, as
<br />,-?, (--)© � ©D. i l tA , encumbering the property. To induce Refinancer to make a
<br />loan to the Borrower secured by the Senior Deed of Trust, Bank has agreed to execute and deliver this
<br />Subordination Agreement.
<br />ACCORDINGLY, in consideration of the premises and for other good and valuable consideration, the receipt
<br />and sufficiency of which are hereby acknowledged, Bank hereby agrees with Refinancer that the lien of the
<br />Junior Deed of Trust on the Property is and shall be and shall remain fully subordinate for all purposes to the
<br />lien of the Senior Deed of Trust on the Property, to the full extent of all sums from time to time secured by
<br />the Senior Deed of Trust; provided, however, that the total indebtedness secured by the Senior Deed of
<br />Trust does not exceed $77,600.00, exclusive of interest thereon, amounts advanced to protect the lien and
<br />priority of the Senior Deed of Trust, and costs of collection, and provide further, that this agreement shall not
<br />be effective until each other mortgage or other lien recorded against the property (other than the Senior
<br />Mortgage) and each judgment that is a lien against the Property shall be subordinated of record of the lien of
<br />the Senior Mortgage.
<br />Legal Description: Lot 1, Fractional Block 8, Woodbine Addition, City of Grand Island, Hall County,
<br />Nebraska
<br />Property Address: 2203 Division W, Grand Island, NE 688035001
<br />IN WITNESS THEREOF, this Subordination Agreement is executed on the day and year first above stated.
<br />Bank Na'ft U.S. Bank National Association ND
<br />By: A y otula
<br />Title: Op r tions Officer
<br />STATE OF _North Dakota )
<br />COUNTY OF Cass )
<br />The foregoing instrument was acknowledged before me this 13th day of March, 2001, by (name)
<br />Amy M. Kotula, the (title) Operations Officer of (bank name) U.S. Bank National Association ND a national
<br />banking association, on behalf of the association.
<br />ota P is
<br />MV C
<br />This instrument was drafted by: Lien Perfection, P.O. Box 2887, Fargo ND 58102
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<br />Deed Of Trust Subordination Agreement
<br />Account No. 66200103229090001
<br />200102116
<br />This Agreement is made this 13th day of
<br />March, 2001, by and between U.S.
<br />Bank National
<br />Association ND ( "Bank") and Mountain West Financial, Inc. ( "Refinancer").
<br />Bank is the beneficiary under a deed of trust (the " Junior Deed of Trust ") dated December 10,
<br />1998, granted by James Rookstool AKA James L. Rookstool and Christine Rookstool, husband and wife
<br />( "Borrower"), and recorded in the office of the Register of Deeds, Hall County, Nebraska, on March 11, 1999,
<br />as Document No. 99- 102592, encumbering the real property described therein (collectively, the "Property").
<br />Refinancer is the beneficiary under a deed of trust (the "Senior Deed of Trust ") dated
<br />Q� <C7, , 20 ©� , granted by the Borrower, and recorded in the same
<br />office on — YI\CD 1S� , 20�, as
<br />,-?, (--)© � ©D. i l tA , encumbering the property. To induce Refinancer to make a
<br />loan to the Borrower secured by the Senior Deed of Trust, Bank has agreed to execute and deliver this
<br />Subordination Agreement.
<br />ACCORDINGLY, in consideration of the premises and for other good and valuable consideration, the receipt
<br />and sufficiency of which are hereby acknowledged, Bank hereby agrees with Refinancer that the lien of the
<br />Junior Deed of Trust on the Property is and shall be and shall remain fully subordinate for all purposes to the
<br />lien of the Senior Deed of Trust on the Property, to the full extent of all sums from time to time secured by
<br />the Senior Deed of Trust; provided, however, that the total indebtedness secured by the Senior Deed of
<br />Trust does not exceed $77,600.00, exclusive of interest thereon, amounts advanced to protect the lien and
<br />priority of the Senior Deed of Trust, and costs of collection, and provide further, that this agreement shall not
<br />be effective until each other mortgage or other lien recorded against the property (other than the Senior
<br />Mortgage) and each judgment that is a lien against the Property shall be subordinated of record of the lien of
<br />the Senior Mortgage.
<br />Legal Description: Lot 1, Fractional Block 8, Woodbine Addition, City of Grand Island, Hall County,
<br />Nebraska
<br />Property Address: 2203 Division W, Grand Island, NE 688035001
<br />IN WITNESS THEREOF, this Subordination Agreement is executed on the day and year first above stated.
<br />Bank Na'ft U.S. Bank National Association ND
<br />By: A y otula
<br />Title: Op r tions Officer
<br />STATE OF _North Dakota )
<br />COUNTY OF Cass )
<br />The foregoing instrument was acknowledged before me this 13th day of March, 2001, by (name)
<br />Amy M. Kotula, the (title) Operations Officer of (bank name) U.S. Bank National Association ND a national
<br />banking association, on behalf of the association.
<br />ota P is
<br />MV C
<br />This instrument was drafted by: Lien Perfection, P.O. Box 2887, Fargo ND 58102
<br />
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