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rn Z N) mINI CD /1/1111/MMI . C .11.1 :, ''."C)W ' , r� es ,iw y l= ■ (---) .� GO ■ C.!'T cn ",.0 @f Z O WHEN RECORDED MAIL TO: Five Points Bank West Branch 2009 N.Diem Ave. 7g Grand island.NE 68803 FOR RECORDER'S USE ONLY FIVE POINTS BANK 14'. R. ' C5 NOTICE: THIS SUBORDINATION OF DEED OF TRUST RESULTS IN YOUR SECURITY INTEREST r IN THE PROPERTY BECOMING SUBJECT TO AND OF LOWER PRIORITY THAN THE LIEN OF 0 : SOME OTHER OR LATER SECURITY INSTRUMENT. --,,, f°- SUBORDINATION OF DEED OF TRUST Irn r THIS SUBORDINATION OF DEED OF TRUST dated November 10, 2016,is made and executed i among Niedfelt Property Management, L.L.G. ("Beneficiary"); Brandon S Connick ("Trustee"); it C, THOMAS SUTLIFF and REBECCA L FRUSTAGLIO ("Borrower") and Five Points Bank rim ("Lender""). SUBORDINATED INDEBTEDNESS. Beneficiary has extended the following described financial accommodations,secured by the Real Property(the"Subordinated Indebtedness"): Deed of Trust dated September 19,2016 with a principal indebtedness in the amount of$44,000.00 plus interest and signed by Thomas H.Sutliff and Rebecca Fru tagl"io. SUBORDINATED DEED OF TRUST. The Subordinated Indebtedness is or will be secured by the Real Property and evidenced by a deed of trust dated September 19, 2016 from THOMAS SUTLIFF and REBECCA L FRUSTAGLIO ("Trustor") to Brandon S Connick ("Trustee")in favor of Niedfelt Property Management, L:L;C. ("Beneficiary") (the "Subordinated Deed of Trust")and recorded in HALL County,State of Nebraska as follows: Recorded September 19,2016 as Instrument No 201606171. REAL PROPERTY DESCRIPTION. The Subordinated Deed of Trust covers the following described real property (the "Rear Property")located in HALL County.State of Nebraska: Lot Eight(8),Block Nine(9),Sterling Estates Subdivision,in the City of Grand Island,Hall County,Nebraska The Read Property or its address is commonly known as 1927 IMPERIAL PL,GRAND ISLAND, NE 68803. The Real Property tax identification number is 400493528. SUPERIOR INDEBTEDNESS. Lender has extended or has agreed to extend the following described financial accommodations to Borrower,secured by the Real Property(the"Superior Indebtedness"): Loan to Thomas H.Sutliff and Rebecca L Frustaglio In the amount of$278,000.00 dated November 16,2016. LENDER'S LIEN. The Superior Indebtedness is or will be secured by the Real Property and evidenced by a mortgage, deed of trust,or other hen instrument,dated November 16 2016,from Borrower to Lender(the "Lender's Lien")and recorded in HALL County,State of Nebraska as follows: Recorded November l'r!,2016,as instrument a011.00 ?17 32,