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rn <br /> m � � � <br /> rnm � � rn <br /> � �� � � �rn � rn <br /> � �orn � � � � <br /> � �z � rn Z� � � <br /> � �� � m �z � � <br /> � z� „ � � - <br /> � �� o � �ornv � c.zi� <br /> rn� rn �� � � <br /> rn� o � ycn � c <br /> �� Cn � r � <br /> �� � r� <br /> 6]� � .�.� Z <br /> p� (�] � � <br /> � Z <br /> � <br /> RET[]RN TD: <br /> Home Federal Savin�s�:Loan <br /> P D�3ox I��9 <br /> Grand�sland_NE FgB�� <br /> SUB�RD�NAT�C)N AGREEMENT <br /> THIS A�RE�N��NT mad�and ex�cut�d this. ��� da of Februar �017,b and b�tv�een H�ME <br /> �' v,. , Y <br /> FEDERAL SA'�"�NGS AND L�AN ASS���AT��N � �RAND ISLAND,here�nafter referre��o as <br /> "Subordinat�ng Credi�or"�v���e���er one�r Ynore3,and H�ME FEDERAL SAV�N�S AND L�AN ASS�C�AT��N <br /> �F�RAN D�SLAN D,h�rei nafter referred fio as"Secu�•ed Par��". <br /> �V�TNESSETH: <br /> V�HEREAS,Terry Babcock and Tracy Babcock,�v�r��e���er o��e or more�,}�erei��after�•eferr�d to as � <br /> "Deb�or",has gran�ed�a the Subo�-dinating Cred��ar a Mo�-��;age oi•Deed of Trus�dated Au�us#3,�D�C,and f�led of <br /> record�n the affce of the�all County Reg�st��-af Deeds,a���he�S�h day of Au ust ��1�,as Do�umen�No. <br /> ��l 6D55�� in resp�ct�o tha�real es�ate described as: <br /> Lot T�en�y��4},ha�ing a Iak.e faot fi-ontage on�ne Hundred�1��'}feet,si�ua�ed o���he�ast sid�of Eas� <br /> Por�ion of K.u�ster Lake, and being on a par�of�he East Hal f of the Southwes�Quar�er�E�12S�V 114},in Sect�on <br /> T�air�een�13},Tov�nsh�p Eleven[�1�,Nor�h, Range N�ne(9}�Vest of the��h P.M., �ali County,Ne��-aska. <br /> �IHEREAS,���e Secured Fax-�y��as agr��d�o en�er�n�o a loan transactio���vith the Debtor,vvhereby certain <br /> funds are to be ad�anced�o the Deb�o1�cand��ional upo��he Debtor pro�idin��he Secured Pa�-�y w�th a frst lien�n <br /> �-espect to�he abo�e described real es�a�e,hereinaf'�er referr�d�o as the"Co�lateral";and <br /> WHER�AS,�he Subordi��a�ing Creditor is will�ng�o subordina�e a��y lien i��nay ha�e in resp�c��o the . <br /> Col�ate�-ai by reas�n of Subord���atin��redi�or's Mor�gage or Deed of Trust of re�o�-d�a perfec�securi�y v�he�ae�er <br /> and where�er f�ed in order to assur��he Secured Party of a fY•s�Iien position in and to fih�Co�Iateral; <br /> N��V,THEREFDRE, ���s agreed: <br /> �. The Subordinating��-editor hereby consen�s�o a subordina��on af��s priority pasifi�n�o�he Secu�-ed � <br /> Party and agre�s that��s ��en in resp�c�to the Mor�gage or Deed of Trus�hereinabo�e des�ribed, if any,sha��at all <br /> times be s�condar�to the ex�en�h�rein pr�vided and subje�t to the lien af the S�cured Party in respec�to the <br /> Ca�lateral. <br /> Z. The Subordinat�t�g Gredi�or hereby consents ta the Deb�or g�-an�ing Secured Party a frst�ien in al�t�e <br /> Colla�eral as desc�•ib�d abo�e to se�ure ind�b�edness to be advanced�o Debtor by Secured Part�, in the arig�na� <br /> principai a�nou��t of T'hre�Hundred�i�h�_y Thousand_and 041.1 OO�hs Dollars�$380,0��.�0�recard�d in th�offi�e of <br /> �he Hal��oun��Regis�er of Deeds on�he��h da��f Feb�-ua�-y,��17�as Docume��Na.2�I 7��8Q�. <br /> 3. So long as an ob]iga��on is outs�anding fi-om�he Debtor to�he Secur�d Pari}�for indebtedness evide���ed <br /> by P�-omissory No�es or o����r i��s�rum��ats of indeh�edness�a�he exten�herein proWided in Paragraph 2,th�Secured <br /> Party's interes�in t��e�ol�a�e�-al shaIl l�a�re priori�y�o aver�he l�en af�he Subordina�ing Creditor in that�alla�eral, <br /> and���e Subordi��atiing�redi�or's in�e�-es��n�ha��ol�atera� �s, in all respec�s;subjec�and subordi��ate ta the security <br />