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202104405
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Last modified
5/25/2021 3:38:51 PM
Creation date
5/25/2021 3:38:50 PM
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DEEDS
Inst Number
202104405
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r <br />202104405 <br />1. Subordination. Subordinating Party agrees that any and all liens held by her in the Deed of <br />Trust Property pursuant to the Divorce Action will be in all things subordinate, junior, and otherwise <br />inferior to Lender's interests in the Deed of Trust Property. This Agreement will constitute a continuing <br />subordination, and in the event Lender forecloses on the Deed of Trust Property, Lender may sell, transfer, <br />assign or otherwise exercise any right granted to it in the Deed of Trust Property and Lender, its successors <br />and assigns, are not subject to the Subordinating Party's Judgment Liens and have no obligation to provide <br />notice to or seek consent of Subordinating Party for any action taken with regard to the Deed of Trust <br />Property, including but not limited to the sale of the Deed of Trust Property. <br />2. Reliance Upon This Agreement. Subordinating Party acknowledges that Borrower's <br />indebtedness to Lender, whether now existing or later incurred, will be deemed to have been made in <br />reliance upon this Agreement. <br />3. Effective Date. This Agreement is effective when it is signed by all of the Parties. <br />4. Amendments; Waiver. No amendment, waiver, termination or other modification of this <br />agreement will be effective unless it is in writing and signed by each of the Parties. No change of law or <br />circumstances will relieve or diminish the obligations, liabilities, agreements or duties of either party under <br />this Agreement or affect this Agreement in any way. <br />5. Binding Effect. This Agreement will be binding upon and inure to the benefit of the <br />Parties, their respective successors and assigns. <br />6. Governing Law and Venue. This Agreement will be construed in accordance with the <br />laws of the State of Nebraska. <br />7. Counterparts; Electronic Signature. This Agreement may be executed in any number of <br />counterparts, all of which together will constitute one instrument. Signatures to this Agreement may be <br />made by facsimile, e-mail, electronically, or by any other similar means, and any such signature will be <br />considered an original for all purposes of this Agreement. <br />8. No Waiver. By subordinating her lien, Subordinating Party is not waiving any rights she <br />may have under the laws of the State where the Property is located, or federal law, to notice of defaults or <br />other notices or rights conferred by law to junior lienholders and mortgagees. <br />9. Reliance. This Agreement can be relied upon by all persons having an interest in the <br />property. <br />10. Complete Agreement. This Agreement represents the entire and complete agreement <br />between the Subordinating Party and the Lender. Any waiver, modification or novation of this Agreement <br />must be in writing executed by Lender and Subordinating Party, or their successors or assigns and, if this <br />Agreement is recorded in the real estate records of the County in which the property is located, recorded in <br />such real estate records to be enforceable. <br />11. No Obligation On Lender. Nothing in this Agreement shall in any manner obligate Lender <br />to extend any loans to Borrower or impair, modify, or in any other manner adversely affect any rights or <br />remedies available to either Lender or Subordinating Party with respect to Borrower. <br />[remainder of page left blank intentionally — next page is signature page] <br />
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