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<br /> ' ''' 'x� SUBORDINATION ACF2EE1l+lENT
<br /> . ':A�, �;i TTCE: 'TTiFS SUgORDINATION AGREEMENT'RESUL'CS[N YOUR SECilR.CTY INI�RNST IN'['H�f�ROP�it'TY�
<br /> "F : ' •:r�� , � HEC'J32�:�SUBJEGT TO AND OF LOtVER PRJb1tITY THAN THE LIE1V OF SO�I�O'CIi�R OR LAT�R�GCURl1'V �►
<br />— /.. 'L ' '../� �
<br />_ .�. ",:f 'STSl��.r3`'�I3T.
<br />-- - � ' TT�S�.:_�I�.4L-NT,made tbi��day of ,199��by Gary L.Lursen nnd RlicheU�D.Lnrsen>aw�tcr�of
<br />"`'T�• ' ;�.;,'�.�3 L.::��descnbed and hereinaRer refeaed to as 'ners",and the Ciry of Grand Island�rsent holdcz of thr
<br /> � �e�Estate Lien fust hereinafter descnlsed and heninaRer referred to as"Bestefici�ty":
<br /> �`-`:',''''-'. WiTNESSETH
<br />-•;;':_;•�ti'.
<br /> -�,r-
<br />_�4'.. :.. :,�,� 'x"I'L:�T NHEREAS,Gary L.�.arsen and MicheRe D.Larsen did ex:cute a Rea1 Estate L'ten,in the sum uf 51 S,OQ0.00 dated
<br /> =-.:..�:: :� Dc w5�29�Ll?and recorded Novemter 18,1997 in favor of City of Gmnd Island as Dasumr,nt a97-t0�I705 in the Officiai
<br /> ``='' � rz.ca:s of ff�?.��aunty,Nehraska,securing the follo�vins:
<br /> - .-�I:'??_H � .
<br /> ;:r����'�'�. Lc:c 6,�'lock 7,John Voide s�ddition,City of Gzand Islaud,Hail County.Nebraska
<br /> — .,3 �
<br /> yr:";�3� �rI'"'.rc.�,c.3S, i.�n.rttr �as exect:ted, or is abaut t+o execute, a De V c! of'�n�t un�1 Note in the sum of S 12,780.bU dated
<br />-"���;:'4 , recoided , as Boo& , Pag¢ .It�sm�ment
<br />_=��� . iu�.�-or of First Federal Lincoln Bank,h�einafter refernd to as"LeLder".paynble with interest and
<br /> _-° - -- �a the ts..-ms a�3 a-�3�ans descn'bed thenin,whic�IIsed of Ttust is to be tecordeaf coacuacmty herewith;and
<br /> .,-;;�.��.�
<br /> = — ti�FI��.�S, ic ;s a condition precedent w obtaining said laan that said Dred of Tnsst lnst ahovt mcntioned E4uzlf
<br />--"•�'''A=g��-� uacon:��:�n:ly s+�aad remainat all times a lien ar char�e upoa the land herein ahove descn�ed,prior and Bn�erior co tke
<br /> =="� 1:az+rs��..:_��oj�::.e Real Esratz Lien first alsove mentianed:and
<br /> _�ar��a
<br /> =
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