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B imolimm rn —n z P1 =N X Return to City of Grand Island after Recording. _n SUBORDINATION AGREEMENT COMES NOW the City of Grand Island, Nebraska, secured party/beneficiary and hereby partially subordinates its trust deed/real estate lien recorded March 7, 2014, on the following described real estate: Lot Twenty six (26), Fonner View Subdivision, in The City of Grand Island, Hall County, Nebraska. It is the intent of this Agreement that the trust deed for amounts loaned by Equitable Bank to Scott Peters(Borrower)., that was filed October 4, 2021 as Instrument Number 202108404 shall be superior to the trust deed/real estate lien of the City of Grand Island, its successors and assigns recorded October 04, 2021, up to the amount of $100,000.00 plus interest and amounts advanced to protect the collateral. Thereafter, the City of Grand Island's lien shall have priority. It is further understood that this subordination shall include all current obligations, extensions, renewals, advances or modifications made by the City of Grand Island, Nebraska to Borrowers which is secured by the trust deed/real estate lien recorded March 7, 2014 as Document Number 201401295 in the records of the Register of Deeds of Hall County, Nebraska. Nothing in this Subordination Agreement is intended as a promise to provide financing or make advances to Borrowers by the City of Grand Island, Nebraska and it is not the intention of the City of Grand Island, Nebraska to warrant or guarantee the obligations of Borrowers but merely to partially subordinate its lien interests under the instrument recorded at Document Number 201401295. It is understood that Equitable Bank intends to lend funds to Borrowers but that the subordinated amount is not to exceed $100,000.00 plus interest and amounts advanced to protect the collateral. Nothing in this instrument is intended to relieve Borrowers of their obligation to the City of Grand Island, Nebraska or to subordinate any other lien interests including, but not limited to, real estate taxes and special assessments. rn rri L!)