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rn <br /> m � � � <br /> rnm � y rn <br /> o �� � � �rn � rn <br /> a� �o rn �C p � <br /> o �z � a z� � � <br /> � �� � � �Z �7 U] <br /> z� � � � — <br /> � �� � � �� � z <br /> �� rn � �� � � <br /> IrnTI� p � _��1] � 'n <br /> �o cn � � � <br /> �� r� <br /> 6]� � .�.� Z <br /> p� � � � <br /> �7 Z <br /> � <br /> R�TURN T�: <br /> ,�Home Federal Savings&Loan <br /> n�Bax�Q�9 <br /> Grand Islar�d,NE �8802 <br /> SL]B�RDINATIflN A�RE�N�ENT <br /> - <br /> TH�S AGREEMENT made and e�ecuted this���day of D�cember,�4��,�y and b�fiween��ME <br /> F�D�RAL SAV�NGS AND L�AN ASS��I�TI�N�F GRAND ISLAND,her�inafter referred to as <br /> "Subordi��a�ing�red�tor"(whether one or more}, and��ME FEDERAL SAV�NC S�ND L�AN ASS���A��4N <br /> DF GRAND ZSLAND,hereinafter ref�rred to as"Secured Far�y". <br /> `TV�TN�SSETH: <br /> VI�HER.EAS,Gien R�ar�ner and Tracy L��erstre��Gar�ner,�whe�her one a�-mare�,hereinafter referred�o � <br /> as"Deb�ar",has grant�d�a�he Subordina�ing Credi�or a Mor�gage or De�d of Trus�dated Januar�� 1�,20��,and <br /> fiied af r��ord in�h�office ofthe Hal��our��Register of�eeds,nn th��Dt��day of Januar 20��,as D�cumen� <br /> No.�0�1 D049� �n respec�to that real es�ate described as: <br /> The'�Ves�er�y T��v�n�y�24�feet af Lo�Se�e���7�and a�l of Lat Six���, in B l�ck�ne Hundred(����, <br /> F�a���-aad Addition t�the Ci�}�of�rand�sland,Ha�l�ou�Y�y,Nebraska. <br /> �]VHEREAS,the Secured Par�y ha�agre�d�o enter into a loan�ransac�ian with the Debtor,�►�v��ereby cer�a��� <br /> funds are��be advanced to�he Debtor cond itianal upon the Debtor proWid ing�he Secur�d�'ar�y v�ith a f rs�1�en in � <br /> respect�a the abov�described real�state,hereinafter referred�o as the"Col�ateral";and <br /> 'L�VHEREAS,�he Subord��ating�reditor is�il�inb ta subord�na�e any lien it rnay have in respec��o�he <br /> Co�la�eral by r�ason of Subordinating Creditar's Mor�gage or Deed of Trust of record�o perfect se�uri�y v�he��e�er <br /> and whereve�•f led in�rder�o assur�t��e Se�ured Par�y of a first lien position in and to the Collateral; <br /> N�W,THER�T�R�, it is ag�•eed: <br /> 1. The Subord�nating Credi�or hereby conse��ts�o a subordina��on of its priori�y posi�ian to th�Secur�d <br /> Pa�-�y and agrees�ha�its �ien in respec�to�he Mor�gage ar Deed of Trus�hereinabove descr�bed, if any,shal�at ali <br /> times be secondary�o�he ex�ent her�in prov�ded and subjec��o the lien�f�he S�cured Par�y in respec�to the <br /> Cal�ateral. <br /> 2. The 5ubordina�ing Creditor hereby consen�s�o�he Debfflr gran�ing S�cured Far�y a f rst lien in a�l�he <br /> Collateral as des�ribed a�ba�e�o secure�ndeb�edness�o be advan�ed�o D�b�ox-by Se�ured Pa�-�y,in the original <br /> princ�pai amount of�ne Hundred Twe��e Thou�and and 0411���hs Dollars�$11�,��4.���recorded in the❑ff�ce af � <br /> the�a�l County Reg�s�er of Deeds on th� 16th day af L7ece���.�er,����,as Dacument No.2���D8413. <br /> 3. So lo�g as an obl�ga�ifln is outs�anding fi-am the Debtor�a the Secured Part}�far�ndebtedn�ss e�ridenced <br /> b�Promissory Na�es or other�ns�rumen�s of indeb�edness to the exten��erein pra��ded in Paragraph�,the Secured <br /> Par�y's in�eres�in�he Collatera�shal�have priori�y ta o�er the Xien of�h�Subordina��ng�reditor in�hat�Co�la�era�, <br /> and the Subordina�ing Creditor's�nterest in�hat Collateral is, in a�l respects, subject a��d subordina�e�o the s�curi�y <br />