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200109190
<br />WHEREAS, on July 6
<br />SUBORDINATION AGREEMENT
<br />1999 ,
<br />(Date)
<br />Albert & Dainnel Benaivdz ( "Borrowers ")
<br />executed a mortgage in favor of Five
<br />Points Bank ( "Creditor ")
<br />encumbering the following described real property:
<br />All THAT PARCEL OF LAND IN CITY OF GRAND ISLAND, HALL COUNTY, STATE OF
<br />NEBRASKA, AS MORE FULLY DESCRIBED IN DEED INST # 85/000232, ID#400162776,
<br />BEING KNOWN AND DESIGNATED AS LOT 42, BLOCK 1, DALE ROUSH 2nd SUBDIVISION,.
<br />which secured an original indebtedness Tin the amount of $ 4,255.50 and was recorded on
<br />July 12, 1999 , in Volu4Lnst. #99pQQ69T2 in the public records of
<br />Hall County, State of Nebraska
<br />WHEREAS, thereafter on September 7 , 2001 Borrowers executed or will
<br />(Date)
<br />execute a certain mortgage in favor of CitiFinancial
<br />( "CitiFinancial ") securing an original indebtedness in the amount of $ 73,584.51 which will be recorded in
<br />the public records of Hall County, and which mortgage likewise encumbers the above-
<br />described property;
<br />WHEREAS, CitiFinancial is not willing and will not make the loan desired by the Borrowers unless
<br />CitiFinancial's mortgage is a First mortgage prior in dignity and in every respect to the aforesaid
<br />mortgage of Creditor;
<br />NOW, THEREFORE, in consideration of the sum of One Dollar ($1.00) and other valuable consideration
<br />to Creditor in hand paid, the receipt of which is hereby acknowledged, Creditor does hereby subordinate its
<br />mortgage to the above - described mortgage in favor of CitiFinancial and does hereby intend by this Agreement that
<br />the mortgage in favor of CitiFinancial shall be a First mortgage lien prior in dignity to Creditor's
<br />mortgage as herein described.
<br />S 13 1 of 2 8/2000
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<br />200109190
<br />WHEREAS, on July 6
<br />SUBORDINATION AGREEMENT
<br />1999 ,
<br />(Date)
<br />Albert & Dainnel Benaivdz ( "Borrowers ")
<br />executed a mortgage in favor of Five
<br />Points Bank ( "Creditor ")
<br />encumbering the following described real property:
<br />All THAT PARCEL OF LAND IN CITY OF GRAND ISLAND, HALL COUNTY, STATE OF
<br />NEBRASKA, AS MORE FULLY DESCRIBED IN DEED INST # 85/000232, ID#400162776,
<br />BEING KNOWN AND DESIGNATED AS LOT 42, BLOCK 1, DALE ROUSH 2nd SUBDIVISION,.
<br />which secured an original indebtedness Tin the amount of $ 4,255.50 and was recorded on
<br />July 12, 1999 , in Volu4Lnst. #99pQQ69T2 in the public records of
<br />Hall County, State of Nebraska
<br />WHEREAS, thereafter on September 7 , 2001 Borrowers executed or will
<br />(Date)
<br />execute a certain mortgage in favor of CitiFinancial
<br />( "CitiFinancial ") securing an original indebtedness in the amount of $ 73,584.51 which will be recorded in
<br />the public records of Hall County, and which mortgage likewise encumbers the above-
<br />described property;
<br />WHEREAS, CitiFinancial is not willing and will not make the loan desired by the Borrowers unless
<br />CitiFinancial's mortgage is a First mortgage prior in dignity and in every respect to the aforesaid
<br />mortgage of Creditor;
<br />NOW, THEREFORE, in consideration of the sum of One Dollar ($1.00) and other valuable consideration
<br />to Creditor in hand paid, the receipt of which is hereby acknowledged, Creditor does hereby subordinate its
<br />mortgage to the above - described mortgage in favor of CitiFinancial and does hereby intend by this Agreement that
<br />the mortgage in favor of CitiFinancial shall be a First mortgage lien prior in dignity to Creditor's
<br />mortgage as herein described.
<br />S 13 1 of 2 8/2000
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