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KNOW ALL MEN BY THESE PRESENTS, THAT WHEREAS, Reis Construction, Inc.
<br />hereinafter referred to as "Mortgagors /Trustors" did on the 12TH day of April, 2001 execute and
<br />deliver to Jeffrey Oaks, Inc., a mortgage/Deed of Trust upon certain real estate located in Hall
<br />County, Nebraska, and legally described as: �S1
<br />S
<br />O
<br />Lot Thirteen (13), Jeffrey Oaks Sixth Subdivision, in the city of Grand Island, Hall County,
<br />Nebraska
<br />conditioned for and to secure the payment of the sum shown on the NOTE, which
<br />mortgage/Deed of Trust was recorded in the Office of the Register of Deeds of Hall County on
<br />the 13th day of April, 2001 as Document No. 200103224.
<br />WHEREAS, Mortgagors/Trustors, for the purpose, among other things, of paying or
<br />securing certain debts, have agreed to execute and deliver a mortgage /deed of trust upon the real
<br />estate to First Federal Lincoln Bank conditioned for the payment of the sum of One Hundred
<br />Fifteen Thousand & 00/ 00---------------------------------------- - - - - -- ($ 115,000.00 ), to be a first
<br />mortgage /deed of trust upon the premises, recorded in the Register of Deeds Office as Document
<br />No. 200103309.
<br />NOW, THEREFORE, Jeffrey Oaks, Inc. in consideration of the premises for value
<br />received, the receipt and adequacy of which is hereby acknowledged, does hereby bargain,
<br />consent, promise and agree to and with Mortgagors/Trustors, their heirs and assigns, that the
<br />Mortgage /deed of trust upon the premises thus to be executed by Mortgagors /Trustors to First
<br />Federal Lincoln Bank, for the amount and interest above mentioned, shall at all times be a prior
<br />Mortgage/Deed of Trust and a prior lien upon the premises to the Mortgage/Deed of Trust of
<br />Jeffrey Oaks, Inc. as above described.
<br />IN WITNESS WHEREOF, the undersigned has executed this Subordination of
<br />Mortgage/Deed of Trust on this 25th day of April , 2001 .
<br />Y OAKS, INC.
<br />James S. Reed, President
<br />STATE OF NEBRASKA)
<br />COUNTY OF MALL )SS
<br />Before me, allotary Public qualified in said County, personally came James S. Reed,
<br />President of Jeffrey Oaks. Inc. known to be the same and
<br />identical person who signed the foregoing Subordination of Mortgage/Deed of Trust, and
<br />acknowledged the execution thereof to be his voluntary act and deed as such office.
<br />Witness my hand and Notarial Seal on April 25th , 2001
<br />G�u- zf,
<br />Notary Public
<br />66N6RAl NOTARY -fie of NdRAI
<br />DEBRA J. KOZAK By Camel. 6E. J. 90.2001
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<br />200103789
<br />SUBORDINATION OF MORTGAGE
<br />KNOW ALL MEN BY THESE PRESENTS, THAT WHEREAS, Reis Construction, Inc.
<br />hereinafter referred to as "Mortgagors /Trustors" did on the 12TH day of April, 2001 execute and
<br />deliver to Jeffrey Oaks, Inc., a mortgage/Deed of Trust upon certain real estate located in Hall
<br />County, Nebraska, and legally described as: �S1
<br />S
<br />O
<br />Lot Thirteen (13), Jeffrey Oaks Sixth Subdivision, in the city of Grand Island, Hall County,
<br />Nebraska
<br />conditioned for and to secure the payment of the sum shown on the NOTE, which
<br />mortgage/Deed of Trust was recorded in the Office of the Register of Deeds of Hall County on
<br />the 13th day of April, 2001 as Document No. 200103224.
<br />WHEREAS, Mortgagors/Trustors, for the purpose, among other things, of paying or
<br />securing certain debts, have agreed to execute and deliver a mortgage /deed of trust upon the real
<br />estate to First Federal Lincoln Bank conditioned for the payment of the sum of One Hundred
<br />Fifteen Thousand & 00/ 00---------------------------------------- - - - - -- ($ 115,000.00 ), to be a first
<br />mortgage /deed of trust upon the premises, recorded in the Register of Deeds Office as Document
<br />No. 200103309.
<br />NOW, THEREFORE, Jeffrey Oaks, Inc. in consideration of the premises for value
<br />received, the receipt and adequacy of which is hereby acknowledged, does hereby bargain,
<br />consent, promise and agree to and with Mortgagors/Trustors, their heirs and assigns, that the
<br />Mortgage /deed of trust upon the premises thus to be executed by Mortgagors /Trustors to First
<br />Federal Lincoln Bank, for the amount and interest above mentioned, shall at all times be a prior
<br />Mortgage/Deed of Trust and a prior lien upon the premises to the Mortgage/Deed of Trust of
<br />Jeffrey Oaks, Inc. as above described.
<br />IN WITNESS WHEREOF, the undersigned has executed this Subordination of
<br />Mortgage/Deed of Trust on this 25th day of April , 2001 .
<br />Y OAKS, INC.
<br />James S. Reed, President
<br />STATE OF NEBRASKA)
<br />COUNTY OF MALL )SS
<br />Before me, allotary Public qualified in said County, personally came James S. Reed,
<br />President of Jeffrey Oaks. Inc. known to be the same and
<br />identical person who signed the foregoing Subordination of Mortgage/Deed of Trust, and
<br />acknowledged the execution thereof to be his voluntary act and deed as such office.
<br />Witness my hand and Notarial Seal on April 25th , 2001
<br />G�u- zf,
<br />Notary Public
<br />66N6RAl NOTARY -fie of NdRAI
<br />DEBRA J. KOZAK By Camel. 6E. J. 90.2001
<br />
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