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This instrument is made as of May 81, 2001, by Home Federal Savings and Loan Association of Grand Island,
<br />( "Lienholder "), a corporation having its principal place of business at 221 S. Locust, Grand Island, NE 68801.
<br />RECITALS
<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 September 27, 1999, executed by Randall L. Chitty and Joan E. Chitty, and recorded on October 5,
<br />1999, as Document No. 99- 109764 in the office of the Register of Deeds of Hall County, Nebraska, and further described as
<br />follows (the "Mortgaged Property"):
<br />Lot Seventeen (17), Amick Acres West Subdivision, Hall 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. Randall L. Chitty and Joan E. Chitty, 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 April 25, 2001, in an original principal amount not to exceed One Hundred Forty Thousand Dollars
<br />($140,000.00), bearing interest at a rate not to exceed Seven Percent (7.0 %) per annum, and made primarily for the purpose of
<br />re-financing the First Deed of Trust ioanj recorded as Document No. 200103957.
<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 O day of May, 2001.
<br />How Feral Sayings & Loan
<br />Association of Grand Island
<br />( "Lienholder ")
<br />By:_
<br />Name:
<br />Title:
<br />STATE OF NEBRASKA
<br />COUNTY OF HALL
<br />On this J t-(1 day of May, 2001, before me a Notary Public, personally appeared J -f eu -m D,
<br />h 2 `YLC -Y\ , to me personally known to be the V ; cc-- 0rrsr f ct ck of Home Federal
<br />Savings and Loan Association of Grand Island, and who being by me duly sworn, subscribed their name to the foregoing
<br />instrument as an officer of said corporation and acknowledged the execution of such instrument as the voluntary act and deed of
<br />said corporation.
<br />My Commission Expires:
<br />Notary Public
<br />!41 NOTARY -date of Nebrub HRIS L KASKIE
<br />omm. Gip. Der. 29, 2004
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<br />SUBORDINATION
<br />OF DEED OF
<br />TRUST
<br />This instrument is made as of May 81, 2001, by Home Federal Savings and Loan Association of Grand Island,
<br />( "Lienholder "), a corporation having its principal place of business at 221 S. Locust, Grand Island, NE 68801.
<br />RECITALS
<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 September 27, 1999, executed by Randall L. Chitty and Joan E. Chitty, and recorded on October 5,
<br />1999, as Document No. 99- 109764 in the office of the Register of Deeds of Hall County, Nebraska, and further described as
<br />follows (the "Mortgaged Property"):
<br />Lot Seventeen (17), Amick Acres West Subdivision, Hall 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. Randall L. Chitty and Joan E. Chitty, 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 April 25, 2001, in an original principal amount not to exceed One Hundred Forty Thousand Dollars
<br />($140,000.00), bearing interest at a rate not to exceed Seven Percent (7.0 %) per annum, and made primarily for the purpose of
<br />re-financing the First Deed of Trust ioanj recorded as Document No. 200103957.
<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 O day of May, 2001.
<br />How Feral Sayings & Loan
<br />Association of Grand Island
<br />( "Lienholder ")
<br />By:_
<br />Name:
<br />Title:
<br />STATE OF NEBRASKA
<br />COUNTY OF HALL
<br />On this J t-(1 day of May, 2001, before me a Notary Public, personally appeared J -f eu -m D,
<br />h 2 `YLC -Y\ , to me personally known to be the V ; cc-- 0rrsr f ct ck of Home Federal
<br />Savings and Loan Association of Grand Island, and who being by me duly sworn, subscribed their name to the foregoing
<br />instrument as an officer of said corporation and acknowledged the execution of such instrument as the voluntary act and deed of
<br />said corporation.
<br />My Commission Expires:
<br />Notary Public
<br />!41 NOTARY -date of Nebrub HRIS L KASKIE
<br />omm. Gip. Der. 29, 2004
<br />
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