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<br />NOTICE: THIS SUBORDINATION AGREEMENT RESULTS IN YOUR SECURITY
<br />INTEREST IN THE PROPERTY BECOMING SUBJECT TO AND OF LOWER
<br />PRIORITY THAN THE LIEN OF SOME OTHER OR LATER SECURITY
<br />INSTRUMENT.
<br />THIS AGREEMENT, made this 22nd day of June, 2001, by Miguel Ortiz and
<br />Lilian M. Avila, owner of the land hereinafter described and hereinafter referred to as
<br />"Owner," and Five Points Bank, present owner and holder of the Deed of Trust and Note
<br />first and hereinafter described and hereinafter referred to as 'Beneficiary;"
<br />WITNESSETH:
<br />THAT, WHEREAS, Miguel Ortiz and Lilian M. Avila, husband and wife, did
<br />execute a Deed of Trust dated November 24, 1999, to Five Points Bank as Trustee,
<br />covering:
<br />PART OF LOT FOUR (4) BLOCK SEVENTY SIX (76) ORIGINAL TOWN, NOW GRAND ISLAND,
<br />HALL COUNTY, NEBRASKA, DESRIBED AS FOLLOWS: COMMENCING AT THE
<br />NORTHWESTERLY CORNER OF LOT FOUR (4) IN BLOCK SEVENTY SIX (76) OF THE
<br />ORIGINAL TOWN, NOW GRAND ISLAND, NEBRASKA, AND RUNNING SOUTHERLY ALONG
<br />THE WESTERLY LINE OF SAID LOT FOUR (4) EIGHTY TWO AND SIXTY SEVEN
<br />HUNDREDTHS (82.67) FEET, THENCE AT RIGHT ANGLES IN AN EASTERLY DIRECTION 45.23
<br />FEET THENCE AT RIGHT ANGLES IN A NORTHERLY DIRECTION 82.7 FEET TO THE NORTH
<br />LINE OF SAID LOT FOUR (4) THENCE IN A WESTERLY DIRECTION ALONG THE NORTHERLY
<br />LINE OF SAID LOT FOUR (=i) TO THE PLACE OF BEGINNING.
<br />to secure a Note in the sum of $ $/4,7 y , dated November 24, 1999, in favor of Five
<br />Points Bank, which Deed of Trust was recorded December 1, 1999, as Document
<br />Number 99- 111404 in the Official Register of Deeds Office of Hall County; and
<br />WHEREAS, Owner has executed, or is about to execute, a Deed of Trust and
<br />Note in the sum of $40,000.00, dated June 21, 2001, in favor of United Nebraska Bank,
<br />hereinafter referred to as "Lender," payable with interest and upon the teens and
<br />conditions describ ;d therein, which Deed of Trust is to be recorded concurrently
<br />herewith; and recorded as Document No. 200106268.
<br />IT IS RECOMMENDED THAT, PRIOR TO THE EXECUTION OF THIS
<br />SUBORDINATION AGREEMENT, THE PARTIES CONSULT WITH THEIR
<br />ATTORNEYS WITH RESPECT THERETO.
<br />WHEREAS, it is a condition precedent to obtaining said loan that said Deed of
<br />Trust last above mentioned shall unconditionally be and remain at all times a lien or
<br />charge upon the land hereinbefore described, prior and superior to the lien or charge of
<br />the Deed of Trust first :above mentioned; acrd
<br />WHEREAS, Lender is willing to make said loan, provided the Deed of Trust
<br />securing the same is a lien or charge upon the above - described property prior and
<br />superior to the lien or charge of the Deed of Trust first above mentioned and provided
<br />that Beneficiary will specifically and unconditionally subordinate the lien or charge of the
<br />Deed of Trust first above mentioned to the lien or charge of the deed of Trust in favor of
<br />Lender; and
<br />WHEREAS, it is to the mutual benefit of the parties hereto that Lender make such
<br />loan to Owner; and Beneficiary is willing that the Deed of Trust securing the same shall,
<br />when recorded constitute a lien or charge upon said land which is unconditionally prior
<br />and superior to the lien or charge of the Deed of Trust first above mentioned.
<br />NOW, THEREFORE, in consideration of the mutual benefits accruing to the
<br />parties hereto and other valuable consideration, the receipt and sufficiency of which
<br />consideration is hereby acknowledged, and in order to induce Lender to make the loan
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<br />200106469
<br />o
<br />SUBORDINATION
<br />AGREEMENT
<br />'
<br />NOTICE: THIS SUBORDINATION AGREEMENT RESULTS IN YOUR SECURITY
<br />INTEREST IN THE PROPERTY BECOMING SUBJECT TO AND OF LOWER
<br />PRIORITY THAN THE LIEN OF SOME OTHER OR LATER SECURITY
<br />INSTRUMENT.
<br />THIS AGREEMENT, made this 22nd day of June, 2001, by Miguel Ortiz and
<br />Lilian M. Avila, owner of the land hereinafter described and hereinafter referred to as
<br />"Owner," and Five Points Bank, present owner and holder of the Deed of Trust and Note
<br />first and hereinafter described and hereinafter referred to as 'Beneficiary;"
<br />WITNESSETH:
<br />THAT, WHEREAS, Miguel Ortiz and Lilian M. Avila, husband and wife, did
<br />execute a Deed of Trust dated November 24, 1999, to Five Points Bank as Trustee,
<br />covering:
<br />PART OF LOT FOUR (4) BLOCK SEVENTY SIX (76) ORIGINAL TOWN, NOW GRAND ISLAND,
<br />HALL COUNTY, NEBRASKA, DESRIBED AS FOLLOWS: COMMENCING AT THE
<br />NORTHWESTERLY CORNER OF LOT FOUR (4) IN BLOCK SEVENTY SIX (76) OF THE
<br />ORIGINAL TOWN, NOW GRAND ISLAND, NEBRASKA, AND RUNNING SOUTHERLY ALONG
<br />THE WESTERLY LINE OF SAID LOT FOUR (4) EIGHTY TWO AND SIXTY SEVEN
<br />HUNDREDTHS (82.67) FEET, THENCE AT RIGHT ANGLES IN AN EASTERLY DIRECTION 45.23
<br />FEET THENCE AT RIGHT ANGLES IN A NORTHERLY DIRECTION 82.7 FEET TO THE NORTH
<br />LINE OF SAID LOT FOUR (4) THENCE IN A WESTERLY DIRECTION ALONG THE NORTHERLY
<br />LINE OF SAID LOT FOUR (=i) TO THE PLACE OF BEGINNING.
<br />to secure a Note in the sum of $ $/4,7 y , dated November 24, 1999, in favor of Five
<br />Points Bank, which Deed of Trust was recorded December 1, 1999, as Document
<br />Number 99- 111404 in the Official Register of Deeds Office of Hall County; and
<br />WHEREAS, Owner has executed, or is about to execute, a Deed of Trust and
<br />Note in the sum of $40,000.00, dated June 21, 2001, in favor of United Nebraska Bank,
<br />hereinafter referred to as "Lender," payable with interest and upon the teens and
<br />conditions describ ;d therein, which Deed of Trust is to be recorded concurrently
<br />herewith; and recorded as Document No. 200106268.
<br />IT IS RECOMMENDED THAT, PRIOR TO THE EXECUTION OF THIS
<br />SUBORDINATION AGREEMENT, THE PARTIES CONSULT WITH THEIR
<br />ATTORNEYS WITH RESPECT THERETO.
<br />WHEREAS, it is a condition precedent to obtaining said loan that said Deed of
<br />Trust last above mentioned shall unconditionally be and remain at all times a lien or
<br />charge upon the land hereinbefore described, prior and superior to the lien or charge of
<br />the Deed of Trust first :above mentioned; acrd
<br />WHEREAS, Lender is willing to make said loan, provided the Deed of Trust
<br />securing the same is a lien or charge upon the above - described property prior and
<br />superior to the lien or charge of the Deed of Trust first above mentioned and provided
<br />that Beneficiary will specifically and unconditionally subordinate the lien or charge of the
<br />Deed of Trust first above mentioned to the lien or charge of the deed of Trust in favor of
<br />Lender; and
<br />WHEREAS, it is to the mutual benefit of the parties hereto that Lender make such
<br />loan to Owner; and Beneficiary is willing that the Deed of Trust securing the same shall,
<br />when recorded constitute a lien or charge upon said land which is unconditionally prior
<br />and superior to the lien or charge of the Deed of Trust first above mentioned.
<br />NOW, THEREFORE, in consideration of the mutual benefits accruing to the
<br />parties hereto and other valuable consideration, the receipt and sufficiency of which
<br />consideration is hereby acknowledged, and in order to induce Lender to make the loan
<br />d
<br />. 111�
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