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rn <br /> m � � � <br /> rnm � y rn <br /> o �� � � �rn IV rn <br /> � �orn � <br /> � � � � � p � <br /> � �� � �� � � <br /> � Z� � � �Z p — <br /> � �� � � �� � � <br /> �� rn °° �� � � <br /> rn� rn � =c�r� I� � <br /> 0 <br /> �o cn � � � <br /> �� r� <br /> 6]� � .�.� Z <br /> p� � � � <br /> L� Z <br /> � <br /> R�TURN Tt�: <br /> �-�ame Fed�ral Savir� s&Loar� <br /> P�13ox I009 <br /> Gra��d�slarad NE f�88D2 <br /> SU��RD�NATI�N A�REEM�NT <br /> TH�S A�REEM�NT made and��ecu��d�his��day of Apr��,�D�7,h�and betv�een��ME <br /> F.EDERAL SAVIN�S AND L�AN ASS�CIAT��N�F GRAND �SLAND,��ere���afte�•referred�a as <br /> "Subn�-dina�ir�g�reditor"�w��ether oa�e or more}, and H�M�FED�R.AL SAVIN�S AND L�AN ASS��IAT��N <br /> �F�RAND�SLAND,��rei��after refe�-red�o as"Secured Par�". <br /> �ITNESSETH: <br /> �V��REAS,Glen R�ar�ner and Tra�y L�ve�•s�reet Gar�ner,(whe�her one o�-�nore�,hereinafter refe�•�-ed�o <br /> as"Deb�or",has grant�d�o t��e SUbord���a���ag�x•edi�o�•a Mo�-t�a�e or Deed flf Trust dated Januat-��25,2���,and <br /> f Ied of record i��the aff ce of t��e�a�� Coun�}�Regis�er of Deeds,on�he�nd day of February,2D I�,as Documen� <br /> Na.2�l���943 in respe���o�ha�real es�a�e desc�-��ed as: <br /> The'�les�erl}�Tv���nty�2�}fee�of Lo�Se�en�7�and a��of Lo�Si��6�, in Black�ne Hundred�1���, <br /> Rail��oad Addi��o���o���e�ity of�rand �sland, �all�ount�,Nebra�ka. <br /> �V�EREAS,�he Secured P�rty has agreed�o��jte�•in�o a laan��-ansac�io��vvi�h���e Deb�or,whereby cer�ain <br /> funds are�o be ad�ranced to the Debtor�andi�ional upo���he Deb�or providin����e SeGured pa��ty v�ith a f�-s�lien in <br /> respe�t#o���e above describ�d rea�estate,hereinafter referred�o as�he"Colla��rai"; and <br /> 'V�HEREAS,�he Subardi��a�ing Creditor�s��i�lil�g to subordinate any Iien �t may have in r�spec��a t�e <br /> �olla�eral by r�ason of S�bardYnating Gredi�or's Mor�ga�e or Deed of Trus�of record fio perfec�sec��rity��hene�er <br /> and where�er filed�n arder to assu��e���e Secured Pa�-�y flf a f rs�li�n posi�ioi� in and�o t��e�ol�ate�-al; <br /> NDW,T�EREFC�RE, i�is a�;r�ed: <br /> �. The Sub�rdi��a�ing C�-edi�or hereb}�cans�n�s�a a subordinatian of its priori�y posi��o��o�he S�cured <br /> Party a��d abrees�ha#i�s lien in respecfi fio�he Mo�-�ba�e or Dee�of Trust hereinabo�e desc�•ibed, if any,s��aIi at aIl <br /> �i�n�s be seco��da�-y�o the ex�ent herein pr��ided and subjec�to the �ien af�he Secl�red Par�y i��respec��o�he <br /> Co��ateral. <br /> 2. T1�� Subard�na�rn��redifior hereby consents to the Debt�r g�-ant�ng Secured Par��a f rst lien�n aIl��ae <br /> Co��a�erai as described ab�ve to secure ind�b�edness to be ad�anced�o Deb�or by Secured Par�y, i�����e or�bir�al <br /> p�-incipaI amou��t of Dne Hundred Tvvel�re Thousand and 041I��t��s Do�la�-s�$��2,�DD.��},�-ecorded i��the offce af <br /> t��e Hall Coun��Regis�e�-of Deeds an�he 1 dth da��of Dece��nbe�-,�D�6, as Do�u���ent No.2D 1��$413. <br /> 3. So lonb as an obliga�ion rs ou�s�anding fi-o�n�he Deb�or�o fhe Secu�-ed�'a�-ty for indeb��dness e�idenc�d <br /> by Promiss�ry No�es or ather i��struments of indebtedness ta the ex�er��herein provided in Parabraph 2,the Secu��ed <br /> Par�y's Xnterest in�he�a�late�-aI s��all have p�-io�-ity�o ouer�he Iie��of�he 5ubordi��a�i��g�redi�or i�����a��ol�a�eral, <br /> a��d t��e Subordi��a�in���redifo�-'s in�er�s� in that�ollaferal �s, iY�al�respects,subject�nd subordinate�o��a�securi�y <br />