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A. Lienholder is the holder of the beneficial interest in a note secured by a deed of trust (the "Second Deed of Trust ") on the <br />mortgaged property, dated 1401 , executed by Rick R. Carney and Diana S. Carney, and recorded on <br />September 23, 1998, as Instrument No. 98- 109278 and re- recorded October 2, 1998, as Instrument No. 98- 109671 in the office of <br />the Register of Deeds of Hall County, Nebraska, and further described as follows (the "Mortgaged Property"): <br />Lot Seven (7), Block Two (2), Valley View Subdivision, being a part of the North l l 03.00 Feet of the East Half of the Northeast <br />Quarter (E 1 /2NE 1 /4) of Section Twenty-Two (22), Township Eleven (11) North, Range Nine(9) West of the 6th P.M., in Hall <br />County, Nebraska <br />B. The Second Deed of Trust held by Lienholder is junior and subordinate to a deed of trust (the "First Deed of Trust ") held by <br />Major Mortgage, it's successors and /or assigns, on the Mortgaged Property. Rick A. Carney and Diana S. Carney, the owners <br />( "Owner ") of the Mortgaged Property desire to refinance the First Deed of Trust loan on the Mortgaged Property. <br />For good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, Lienholder agrees as follows: <br />1. The Second Deed of Trust held by Lienholder shall be subject and subordinate to a new deed of trust ( "New Deed of Trust ") <br />securing a loan originated by Major Mortgage, It's Successors and /or assigns, pertaining to the Mortgaged Property and securing <br />a note dated on or around March 23, 2001, in an original principal amount not to exceed Seventy Seven Thousand Nine Hundred <br />Dollars ($77,900.00), bearing interest at a rate not to exceed Seven and Three /Eights Percent (7.375 %) per aniany and made <br />primarily for the purpose of refinancing the First Deed of Trust loan. Recorded as Document No. 2001-02700., <br />2. Lienholder acknowledges that Major Mortgage, it's successors and /or assigns, is relying on this instrument in making the loan <br />secured by the New Deed of Trust. Lienholder agrees that the New Deed of Trust shall have the same validity, priority, and <br />effect as if executed, delivered and recorded prior to the date of the Second Deed of Trust provided, however, that nothing in this <br />instrument shall in any way alter, change or modify the terms and conditions of the Second Deed of Trust, or in any way release <br />or affect the validity or priority of the Second Deed of Trust, except as provided herein. <br />Entered into this <br />( "Lienholder ") <br />By:_ <br />Name: <br />Title: <br />day of March, 2001. <br />1j; <br />STATE OF FLORIDA <br />COUNTY OF le� Xrr -4Z <br />-f( <br />On this - day of March, 2001, before me a Notary Public, personally appeared <br />, to me personally known to be the ofWmpire Funding <br />Corp., and who being by me duly sworn, subscribed their name to the foregoing instrument as an officer of said corporation and <br />acknowledged the execution of such instrument as the voluntary act and deed of said corporation. <br />My Commission Expires: <br />Q Q0"% MIA t. Onlatt <br />* *MY Comm "On CC819522 <br />'� «n ExpImgM8rch21.2003 <br />Notary Pub is <br />M <br />Z 1�* <br />C) <br />--4 <br />rn <br />N <br />m <br />--c <br />r <br />G <br />p <br />v) <br />4� <br />►-� <br />Tr 21 <br />t-+ <br />•BSI <br />� <br />r � <br />S <br />U� <br />�' <br />-a <br />200103941 <br />� <br />f <br />W <br />ca <br />SUBORDINATION OF DEED OF TRUST <br />o <br />This instrument is made as of March <br />11�, 2001, by Empire Funding Corp. , ( "Lienholder "), a corporation having its <br />principal <br />place of business at 1665 Palm Beach Lakes Blvd, West Palm Beach, FL <br />33401. <br />C <br />O� <br />RECITALS <br />° <br />A. Lienholder is the holder of the beneficial interest in a note secured by a deed of trust (the "Second Deed of Trust ") on the <br />mortgaged property, dated 1401 , executed by Rick R. Carney and Diana S. Carney, and recorded on <br />September 23, 1998, as Instrument No. 98- 109278 and re- recorded October 2, 1998, as Instrument No. 98- 109671 in the office of <br />the Register of Deeds of Hall County, Nebraska, and further described as follows (the "Mortgaged Property"): <br />Lot Seven (7), Block Two (2), Valley View Subdivision, being a part of the North l l 03.00 Feet of the East Half of the Northeast <br />Quarter (E 1 /2NE 1 /4) of Section Twenty-Two (22), Township Eleven (11) North, Range Nine(9) West of the 6th P.M., in Hall <br />County, Nebraska <br />B. The Second Deed of Trust held by Lienholder is junior and subordinate to a deed of trust (the "First Deed of Trust ") held by <br />Major Mortgage, it's successors and /or assigns, on the Mortgaged Property. Rick A. Carney and Diana S. Carney, the owners <br />( "Owner ") of the Mortgaged Property desire to refinance the First Deed of Trust loan on the Mortgaged Property. <br />For good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, Lienholder agrees as follows: <br />1. The Second Deed of Trust held by Lienholder shall be subject and subordinate to a new deed of trust ( "New Deed of Trust ") <br />securing a loan originated by Major Mortgage, It's Successors and /or assigns, pertaining to the Mortgaged Property and securing <br />a note dated on or around March 23, 2001, in an original principal amount not to exceed Seventy Seven Thousand Nine Hundred <br />Dollars ($77,900.00), bearing interest at a rate not to exceed Seven and Three /Eights Percent (7.375 %) per aniany and made <br />primarily for the purpose of refinancing the First Deed of Trust loan. Recorded as Document No. 2001-02700., <br />2. Lienholder acknowledges that Major Mortgage, it's successors and /or assigns, is relying on this instrument in making the loan <br />secured by the New Deed of Trust. Lienholder agrees that the New Deed of Trust shall have the same validity, priority, and <br />effect as if executed, delivered and recorded prior to the date of the Second Deed of Trust provided, however, that nothing in this <br />instrument shall in any way alter, change or modify the terms and conditions of the Second Deed of Trust, or in any way release <br />or affect the validity or priority of the Second Deed of Trust, except as provided herein. <br />Entered into this <br />( "Lienholder ") <br />By:_ <br />Name: <br />Title: <br />day of March, 2001. <br />1j; <br />STATE OF FLORIDA <br />COUNTY OF le� Xrr -4Z <br />-f( <br />On this - day of March, 2001, before me a Notary Public, personally appeared <br />, to me personally known to be the ofWmpire Funding <br />Corp., and who being by me duly sworn, subscribed their name to the foregoing instrument as an officer of said corporation and <br />acknowledged the execution of such instrument as the voluntary act and deed of said corporation. <br />My Commission Expires: <br />Q Q0"% MIA t. Onlatt <br />* *MY Comm "On CC819522 <br />'� «n ExpImgM8rch21.2003 <br />Notary Pub is <br />