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o <br />0 <br />al <br />co <br />Return to City of Grand Island after Recording. <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 July 9, 2014, on the following <br />described real estate: <br />Lot Sixteen (16), in Copper Creek 3rd 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 Wells Fargo <br />Bank, N.A. to Betti Dugger (Borrower)., that was filed May 24, 2021 as Instrument Number <br />202104363 shall be superior to the trust deed/real estate lien of the City of Grand Island, its <br />successors and assigns recorded May 24, 2021, up to the amount of $107,600.00 plus interest <br />and amounts advanced to protect the collateral. Thereafter, the City of Grand Island's lien shall <br />have priority. It is further understood that this subordination shall include all current obligations, <br />extensions, renewals, advances or modifications made by the City of Grand Island, Nebraska to <br />Borrowers which is secured by the trust deed/real estate lien recorded July 9, 2014 as <br />Document Number 201404164 in the records of the Register of Deeds of Hall County, <br />Nebraska. Nothing in this Subordination Agreement is intended as a promise to provide <br />financing or make advances to Borrowers by the City of Grand Island, Nebraska and it is not the <br />intention of the City of Grand Island, Nebraska to warrant or guarantee the obligations of <br />Borrowers but merely to partially subordinate its lien interests under the instrument recorded at <br />Document Number 201404164. It is understood that Wells Fargo Bank, N.A. intends to lend <br />funds to Borrowers but that the subordinated amount is not to exceed $107,600.00 plus interest <br />and 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 />/1 <br />o0 <br />