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201602704
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Last modified
7/23/2017 10:59:38 AM
Creation date
5/3/2016 11:25:25 AM
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DEEDS
Inst Number
201602704
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rn <br /> m � � � <br /> rnm � y rn <br /> o �� � � �rn � rn <br /> �, �o rn � � o <br /> o �z � � z� � � <br /> � �� � � �z � � <br /> o z� �' � �rn � z <br /> � �� � � �ov � cn <br /> �� rn �� � <br /> rn� � � =c�r� � � <br /> �o � � � � <br /> �� r� <br /> a�o � .�.� Z <br /> p� � � � <br /> � Z <br /> � <br /> RETURN TC): <br /> �-�ome Federa�Sa�ngs&,Loan <br /> P�Box���9 <br /> Grand�s�and NE 6$Sd2 <br /> SU�30RD�AT�C)N A�RF�N�NT <br /> THT S A�REEME�T mad e�.nd executed�hi s <br /> h <br /> day�f , �D�6 b�r and be�v�reen H�1V� <br /> F�DERAL SAV�NGS.A►..ND LDAN�SS�C�ATI�N�F�RA�NI3�SL ,here�na�er referred�o as <br /> "Subardinating�red��or"��he�her one or mor��, a.nd I�C�NC��'�I]�RAI.a SAVINGS AND L�AN ASSDC�AT�DI� <br /> UF GRAND TSLAND,hereinai�er referred�o a�"Secured Par�y". <br /> W�TNF S SET`�3: <br /> W`�I.�R..EAS, �raig A Ru��cka and Stephan�e J R.uzicka, �whether one or more�, hereinafter referred�o as <br /> "I�eb�or",has gran�ed�o the Subardina�in��red��o;-a M�rtgage or�]eed of�`rus�dated N�arch 26, 2�15 �.nd f�ed af <br /> r�cord�n�he�-ffice of�he�a�l Coun�y Register�f Deeds, an the �s�day of Apr��, 2�I�as I�ocumen�:N�a.��15D1987 <br /> in respec��o�ha�rea�es�a��described as: <br /> Lo�Fif�een��S�,Arnerican Independence Subdiv�sion, in�he Cit�of Crand�siand,�Ia�I�ounty,I�ebraska. <br /> �H.EREAS,t�e Secured Party has agreed t�en�er inta a laan transac��on with the Debtar,�hereby certain <br /> funds are to be ad�ranc�d���he�eb��r cand�tiona�upan the Debtor prov�ding�he Secured Party vtirith a first�ien in <br /> respec�to�he aba�e described rea�es�a�e,hereina�er referred tfl as�he"�fl��atera�";and <br /> '�HEREAS,�he Subordina�in�;�redit�r is�iliing ta subordina�e an�lien i�may have�n respec�t�t�e <br /> Collatera�by reas�n of Subard�nating�red�tor's N.�artgage❑r De�d af Trust of record��perfec�securi�y rnrhenever <br /> and whereWer f led�n order�a assure t�ie Secured Party of a first lien pos�t�on�n and�o�he�ollatera�; <br /> NC��I, THEREFC]R�, it i s a�reed: <br /> �. Th�Subordina��ng Creditor hereby consent�to a subord�nation of�t�priorz�y position�a the S�cured <br /> Party and agrees tha�its lien in respect to�he Mor�ga�e or Deed of Trust hereinabo�e des�ribed, if any, sha�l a�a�l <br /> �imes be se�ondary to�he extent herein provzded and subject to th�I�en of�he Se�ured Par��in respect�a�he <br /> C�l�a��ra�. <br /> �. The Subardinating�red��or hereby consen�s�o�he�Jebtor gran�ing Secured Party a f rs�lien in al��he <br /> �al�ateral as described abo�e�o secure�ndebtedness ta be ad�anced��Debtar by Secured Par�y, in�he or�gina� <br /> pr�ncipal amoun�of�ne Hundre�Fort�r Thre�Thau�and Nine Hundred Fi�y and D�IIOOt�s Dal�ars�$143,954.D�}, <br /> re��rded in the�ff ce of�he Hal��aun�y�egis�er�fDeeds an th�2�th day�f April, 2���, as Dacum�nt No. <br /> 20�6��553. <br /> 3. So long as an obliga�ian is au�s�anding fr�m the Deb�ar ta the Secured Par�y for indebtedness evidenc�d <br /> by Pramissory Nate�or a�her ins�ruments of indeb�edness�o�he ex��nt her�in pro��d�d in Paragraph 2,�he Secured <br /> Party's interes�in the�a�Ia�erai sha�l ha�e pr�ori�y to o�er the Iien❑f th�Subordina�ing�redi�or in�hat�alia�eral, <br /> and�he Sub�rdina��n�Creditor's interest in that�olla�er�.��s, in a��respects, sub j ect and subordina�e ta�he secur��y <br /> ,�.� <br />
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