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SUBORDINATION AGREEMENT
<br />This subordination is made and done this 81h day of May, 2001, by Security First Bank
<br />regarding the following described real estate:
<br />Lot 11, Brentwood Third Subdivision in the City of Grand Island, Hall County, Nebraska
<br />At the direction of Michael J. and Tracy C. McGahan, and for good and valuable
<br />consideration, receipt of which is hereby acknowledged, Security First Bank, hereby
<br />subordinates its interest in the above described real estate evidenced by a Deed of Trust
<br />from Michael J. and Tracy C. McGahan, Husband and Wife, to Security First Bank,
<br />Trustee and Beneficiary, in the amount of $50,000.00 dated May 12, 2000 and filed May
<br />16, 2000, as inst. No. 2000 -03972 in the Register of Deeds of Hall County, Nebraska to
<br />the interest of SunTrust Mortgage in the above described real estate evidenced by the
<br />Deed of Trust from Michael J. and Tracy C. M cGahan to Security First Bank, Trustee
<br />and SunTrust Mortgage, Beneficiary, dated May 8, 2001 in the amount of $408,000.00
<br />filed with the Register of Deeds in Hall County, Nebraska.
<br />The undersigned hereby agrees that the interest of the Security First Bank, as described
<br />above is hereby made junior, inferior and subject to the interest of SunTrust Mortgage as
<br />described above.
<br />May 8, 2001
<br />Susan Twiehaus, Vice President, Security First Bank
<br />State of Nebraska
<br />)SS.
<br />County of Lancaster
<br />On this 8th day of May, 2001, before me the undersigned, a Notary Public, duly
<br />commissioned and qualified in and for said county, personally came Susan Twiehaus,
<br />known to me to be the identical person whose name is subscribed to the foregoing
<br />instrument and acknowledged the execution thereof to be a voluntary act and deed and
<br />the voluntary act and deed of said corporation. Witness my hand and notarial seal the
<br />day and year last above written.
<br />(SEAL)
<br />III GENERAL NOTARY-State of Nebraska
<br />PATRICIA A. SMITH Notary Public
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<br />SUBORDINATION AGREEMENT
<br />This subordination is made and done this 81h day of May, 2001, by Security First Bank
<br />regarding the following described real estate:
<br />Lot 11, Brentwood Third Subdivision in the City of Grand Island, Hall County, Nebraska
<br />At the direction of Michael J. and Tracy C. McGahan, and for good and valuable
<br />consideration, receipt of which is hereby acknowledged, Security First Bank, hereby
<br />subordinates its interest in the above described real estate evidenced by a Deed of Trust
<br />from Michael J. and Tracy C. McGahan, Husband and Wife, to Security First Bank,
<br />Trustee and Beneficiary, in the amount of $50,000.00 dated May 12, 2000 and filed May
<br />16, 2000, as inst. No. 2000 -03972 in the Register of Deeds of Hall County, Nebraska to
<br />the interest of SunTrust Mortgage in the above described real estate evidenced by the
<br />Deed of Trust from Michael J. and Tracy C. M cGahan to Security First Bank, Trustee
<br />and SunTrust Mortgage, Beneficiary, dated May 8, 2001 in the amount of $408,000.00
<br />filed with the Register of Deeds in Hall County, Nebraska.
<br />The undersigned hereby agrees that the interest of the Security First Bank, as described
<br />above is hereby made junior, inferior and subject to the interest of SunTrust Mortgage as
<br />described above.
<br />May 8, 2001
<br />Susan Twiehaus, Vice President, Security First Bank
<br />State of Nebraska
<br />)SS.
<br />County of Lancaster
<br />On this 8th day of May, 2001, before me the undersigned, a Notary Public, duly
<br />commissioned and qualified in and for said county, personally came Susan Twiehaus,
<br />known to me to be the identical person whose name is subscribed to the foregoing
<br />instrument and acknowledged the execution thereof to be a voluntary act and deed and
<br />the voluntary act and deed of said corporation. Witness my hand and notarial seal the
<br />day and year last above written.
<br />(SEAL)
<br />III GENERAL NOTARY-State of Nebraska
<br />PATRICIA A. SMITH Notary Public
<br />My Comm. Exp. L
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