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202400180
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Last modified
1/16/2024 10:45:21 AM
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1/16/2024 10:45:21 AM
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DEEDS
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202400180
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202400180 <br />FSA -2300-7 NE (10-16-23) Page 2 of 2 <br />It is specifically understood and agreed this instrument shall not be construed as a subordination of the Prior Indebtedness, <br />defined to be a Note or Debt Instrument dated (/3) 12/27/2023 whose principal balance does not exceed the Maximum Lien <br />Amount(s) of (14)• 5_400,000.00 and including extensions, renewals or modifications thereof. The Lienholder <br />subordinates any and all future lending secured by the above-described security instruments including any principal in excess <br />of the Maximum Lien Amount (except for Permitted Advances); future advances except Permitted Advances (defined to mean <br />those made for taxes, insurance or payment on other prior liens, or those for which the Lienholder obtains prior written <br />consent of the Government); and any additional lending (regardless of whether now existing or made in the future), however <br />defined, including other notes, lending, credit, advances, and extensions of new principal (including through a modification), <br />secured under a cross -collateralization, future advance, or similar clause. <br />This subordination covers: (I) the amount actually loaned by the Government to the Borrower (principal and accrued interest) <br />for the foregoing purposes, (2) future advances for taxes, insurance, payment of prior liens, and protection of the security, and <br />(3) the amount actually advanced for foreclosure costs made by the Government. <br />IN WITNESS WHEREOF, the lienholder has executed this subordination agreement by signing on <br />(15) use- a 2o22 <br />(Dale) <br />� 4J . tAr sr, <br />(/6) am'c Lienholder's Representative (/?) Title <br />(18) Sign <br />17. ACKNOWLEDGEMENT <br />STATE OF NEBRASKA <br />) ss <br />COUNTY OF IL)C.�,.,y <br />The fore oing instrument was acknowledged before me on the ?day of J(*-e,�(�,.20a7by <br />• _ki_nAtc on behalf of Adams County Bank <br />(SEAL) <br />GENERAL NOTARY - State of Nebraska <br />Ill ELIZABETH G. BONIFAS <br />AmoheMy Comm. Exp. September 10, 2025 <br />• Notary Public v (� <br />ebeet be t -IN �' . f3a�•l�Qs <br />Page 2 of 2 <br />
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