My WebLink
|
Help
|
About
|
Sign Out
Browse
202101940
LFImages
>
Deeds
>
Deeds By Year
>
2021
>
202101940
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
8/25/2021 3:58:53 PM
Creation date
3/10/2021 8:51:13 AM
Metadata
Fields
Template:
DEEDS
Inst Number
202101940
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
4
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
Show annotations
View images
View plain text
202101940 <br />which document is dated the 24th day of March, 2014, and which was filed in Document ID# 201401851 at page <br />N/A (or as No. N/A) of the Records of the Office of the Register of Deeds of the County of HALL , State of <br />Nebraska. <br />® The Senior Lender has agreed to make a new loan or amend an existing loan in the original principal <br />amount NOT to exceed $145,000.00 (the "New Loan or Amended Loan"), provided that the New Loan or <br />Amended Loan is secured by a first lien mortgage on the Property (the "New Security Instrument") in favor <br />of the Senior Lender. To be recorded concurrently with this agreement. <br />The Subordinating Lender is willing to subordinate the lien of the Existing Security Instrument to the lien <br />of the New Security Instrument under the terms set forth in this Agreement. If, however, the New Loan or <br />Amended Loan exceeds $145,000.00 the Subordination Agreement is VOID. Further, if the Borrower(s) <br />do not agree to the reduced credit limit, if applicable, then this Agreement is VOID. <br />The Senior Lender has an existing loan in the original principal amount of N/A (the "Senior Loan") to the <br />Borrower, which was intended to be secured by a first lien mortgage on the Property. The Senior Loan is <br />secured by a Deed of Trust, executed by Borrower, as trustor, in favor of N/A, as trustee for the benefit of <br />Choice Financial Group, as beneficiary and recorded on N/A in N/A N/A at page N/A (or as No. N/A) of <br />the Records of the Office of the Register of Deeds of the County of N/A, State of Nebraska (the "Senior <br />Security Instrument"). Through an inadvertent error, the Junior Security Instrument was recorded prior to <br />the Senior Security Instrument. <br />as Document �t <br />20210.1906 <br />The Subordinating Lender is willing to subordinate the lien of the Existing Security Instrument to the lien <br />of the New Security Instrument under the terms set forth in this Agreement. <br />NOW, THEREFORE, for and in consideration of the above recitals, the covenants herein contained, and for good <br />and valuable consideration, the receipt of which is hereby acknowledged, the parties agree as follows: <br />A. Agreement to Subordinate <br />® If all terms and conditions set forth in this Agreement are met, the Subordinating Lender hereby <br />subordinates the lien of the Existing Security Instrument, and all of its modifications, extensions and <br />renewals, to the lien of the New Security Instrument. This Agreement is effective as to any sum whose <br />repayment is presently secured or which may in the future be secured by the Existing Security Instrument. <br />®/ If all terms and conditions set forth in this Agreement are met, Subordinating Lender hereby subordinates <br />the lien of the Existing Security Instrument, and all of its modifications, extensions and renewals, to the <br />lien of the Senior Lender's Security Instrument. This Agreement is effective as to any sum whose <br />repayment is presently secured or which may in the future be secured by the Existing Security Instrument. <br />B. Appointment of Substitute Trustee If Applicable <br />The Existing Security Instrument names N/A, as Trustee and the Subordinating Lender as Beneficiary. The <br />Existing Security Instrument provides that the Subordinating Lender may designate and appoint a substitute <br />Trustee in place of any other trustee by an instrument recorded among the appropriate land records. <br />The Subordinating Lender hereby removes N/A as Trustee and designates and appoints N/A as substitute <br />Trustee with the same powers and duties as were originally vested in the Original Trustee under the Existing <br />Security Instrument. <br />C. General Terms and Conditions <br />Binding Effect — This Agreement shall be binding upon and inure to the benefit of the respective heirs, legal <br />representatives, successors and assigns of the parties hereto and all of those holding title under any of them. <br />SUB - NE - H3S 121029 rev 20200601 Page 2 of 3 <br />OOOOOOOOO1066681 <br />
The URL can be used to link to this page
Your browser does not support the video tag.