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ci I� • X11 n1 M I n �\n m i ^n M o C') Gn RI Cn i � Z —� RECORDING REQUESTED BY M -i O O o o o –n 0 _^ z C) k = M rc• M r- 3> ~ WHEN RECORDED MAIL TO �' c� r- o cc n 14. Wells Fargo Bank, N. A. O Attn: Home Equity Customer Relations Cn 00• MAC: P6051 -013 (n 18700 NW Walker Rd #92 Beaverton, OR 97006 2 0 01110 0 R Loan No. 003- 003 - 6066054 -0001 ,G SUBORDINATION AGREEMENT ALBUQ NOTICE: THIS SUBORDINATION AGREEMENT RESULTS IN YOUR SECURITY INTEREST IN THE ('\. PROPERTY BECOMING SUBJECT TO AND OF LOWER PRIORITY THAN THE LIEN OF SOME \\ OTHER OR LATER SECURITY INSTRUMENT. This Subordination Agreement, made this October 17, 2001 by WELLS FARGO BANK NEBRASKA, N.A. (hereinafter referred to as "Beneficiary"), present owner and holder of the Deed of Trust and note first hereafter described, in favor of FIRST FEDERAL LINCOLN BANK, it's successors and /or assigns (hereinafter referred to as "Lender "); WITNESSETH THAT WHEREAS, Michael D. Erbes And Linda R. Erbes, Husband And Wife (hereinafter referred to as "Owner") did execute a Deed of Trust, dated February 23, 1998 to Arend Baack, Attorney, as Trustee, covering that certain real property described as follows: THE LEGAL DESCRIPTION IS ATTACHED HERETO AND MADE A PART HEREOF APN: 400163772 To secure a note in the sum of $10,000.00, dated February 23, 1998, in favor of The Overland National Bank Of Grand Island, which Deed of Trust was recorded March 3, 1998, as DOCUMENT NO. 98- 101890, Official Records of Hall county. Through subsequent agreements with the Owner, either recorded or unrecorded, the current borrowing limit for said note has been amended to $10,000.00, and WHEREAS, Owner has executed, or is about to execute, a Deed of Trust or Mortgage (hereinafter referred to as "Lender's Security Instrument ") and note not to exceed the sum of $82,000.00, dated 8-4-01 * * , in favor of Lender, payable with interest and upon the terms and conditions described therein, which Lender's Security Instrument is to be recorded concurrently herewith; and orded as Document No. 200108102 WHEREAS, It is a condition precedent to obtaining said loan that said Lender's Security Instrument last above mentioned shall unconditionally be and remain at all times a lien or charge upon the land hereinbefore described, prior and superior to the lien or charge of the Deed of Trust first mentioned, Owner has requested Beneficiary to subordinate Beneficiary's lien to the lien about to be taken by the Lender; and WHEREAS, Lender is willing to make said loan provided the Lender's Security Instrument securing the same is a lien or charge upon the above described property prior and superior to the lien or charge of the Deed of Trust first above mentioned and provided that Beneficiary will specifically and unconditionally subordinate the lien or charge of the Deed of Trust first above mentioned to the lien or charge of the Lender's Security Instrument in favor of the Lender; and Page 1 of 3