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NamoommomownSAMEMINIMMIMM <br />iOVV/Sav •T.9 <br />SUBORDINATION AGREEMENT <br />723 <br />C - <br />D <br />OD <br />This Subordination Agreement ("Agreement") is between Tausha J Moeller ("Subordinating <br />Party") ofCr.:ry.) I IGnutNe and First Dakota National Bank, of 225 Cedar Street, Yankton, South <br />Dakota ("Lender"). <br />RECITALS <br />A. Lender intends to enter into a loan agreement for a loan in the amount of $935,000.00 with <br />Artie H Moeller ("Borrower"). As collateral for the proposed loan, Lender intends to take a Deed of Trust <br />in the following described real estate: <br />Parcel 1: The Northwest Quarter (NW1/4) of Section Ten (10), in Township Twelve (12) North, <br />Range Nine (9) West of the 6th P.M., Hall County, Nebraska, excepting that part conveyed to the Omaha <br />& Republican Valley Railroad Company by Deed recorded in Book 4, Page 87 of the Deed Records of Hall <br />County, Nebraska, and also Excepting therefrom the Southeast Quarter of the Southwest Quarter of the <br />Northwest Quarter (SE1/2SW1/4NW1/4) and the West Half of the Southwest Quarter of the Southeast <br />Quarter of the Northwest Quarter (W 1 /2SW 1 /4SE 1 /4NW 1 /4) all in Section Ten (10), in Township Twelve <br />(12) North, Range Nine (9) West of the 6th P.M., Hall County, Nebraska. <br />Parcel 2: The West Half of the Northwest Quarter (W 1 /2NW 1 /4) and the Southeast Quarter of the <br />Northwest Quarter (SE1/4NW1/4) all in Section Thirty Five (35), Township Thirteen (13) North, Range <br />Nine (9) West of the 6th P.M., Howard County, Nebraska EXCEPT a certain tract more particularly <br />described in Corporation Warranty Deed recorded in Book 88, Page 1296 <br />(the "Deed of Trust Property"). <br />B. The Deed of Trust Property is subject to liens in favor of Subordinating Party who is <br />Borrower's ex-spouse. The liens arise from a property settlement as well as child support, court costs and <br />insurance pursuant to the provisions of Neb. Rev. Stat § 42-371 and the Dissolution of Marriage entered <br />and filed in the District Court of Hall County, Nebraska, as Case No. CI 16-18 entitled Artie H <br />Moeller, Plaintiff vs. Tausha J Moeller, Defendant (the "Divorce Action"). <br />rn <br />--I <br />rn <br />rn <br />inn <br />- -I <br />✓ n <br />--I <br />e4(1) <br />C. Lender will not loan the funds to Borrower without this Agreement from the Subordinating Party. <br />D. Subordinating Party desires to subordinate her liens in the Deed of Trust Property to Lender to <br />allow Borrower to obtain the loan funds from Lender. <br />