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rn <br />'n <br />C <br />rn D <br />X = <br />mN <br />Return to City of Grand Island after Recording. <br />C!) <br />SUBORDINATION AGREEMENT <br />COMES NOW the City of Grand Island, Nebraska, secured party/beneficiary and hereby <br />partially subordinates its trust deed/real estate lien recorded September 9, 2013, on the <br />following described real estate: <br />Lot Eight (8), in Block 'A', in Park View Subdivision, in The City of Grand Island, <br />Hall County, Nebraska. <br />It is the intent of this Agreement that the trust deed for amounts loaned by Equitable <br />Bank to Tom and Cindy Tjaden (Borrower)., that was filed August 31, 2020 as Instrument <br />Number 202006460 shall be superior to the trust deed/real estate lien of the City of Grand <br />Island, its successors and assigns recorded Month Day, Year, up to the amount of $159,200.00 <br />plus interest and amounts advanced to protect the collateral. Thereafter, the City of Grand <br />Island's lien shall have priority. It is further understood that this subordination shall include all <br />current obligations, extensions, renewals, advances or modifications made by the City of Grand <br />Island, Nebraska to Borrowers which is secured by the trust deed/real estate lien recorded <br />September 9, 2013 as Document Number 201307390 in the records of the Register of Deeds of <br />Hall County, Nebraska. Nothing in this Subordination Agreement is intended as a promise to <br />provide financing or make advances to Borrowers by the City of Grand Island, Nebraska and it <br />is not the intention of the City of Grand Island, Nebraska to warrant or guarantee the obligations <br />of Borrowers but merely to partially subordinate its lien interests under the instrument recorded <br />at Document Number 201307390. It is understood that Equitable Bank intends to lend funds to <br />Borrowers but that the subordinated amount is not to exceed $159,200.00 plus interest and <br />amounts advanced to protect the collateral. <br />Nothing in this instrument is intended to relieve Borrowers of their obligation to the City of Grand <br />Island, Nebraska or to subordinate any other lien interests including, but not limited to, real <br />estate taxes and special assessments. <br />ON IN3Wi1a1SN1 SY U3J31N3 <br />.(D <br />