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This Subordination Agreement, made this November 9, 2001 by WELLS FARGO BANK NEBRASKA,
<br />N.A. (hereinafter referred to as "Beneficiary"), present owner and holder of the Deed of Trust and note
<br />first hereafter described, in favor of FIRST FEDERAL LINCOLN BANK, it's successors and /or assigns
<br />(hereinafter referred to as "Lender ");
<br />WITNESSETH
<br />THAT WHEREAS, Douglas J. Rowlands And Kathryn J. Rowlands, Husband And Wife As Joint
<br />Tenants (hereinafter referred to as "Owner") did execute a Deed of Trust, dated April 29, 2000 to
<br />Overlands National Bank, as Trustee, covering that certain real property described as follows:
<br />THE LEGAL DESCRIPTION
<br />Lot EighPN:M382911
<br />Jeffrey Oaks Sixth Subdivision, in the City of Grand Island
<br />To secure a note in the sum of $11,000.00, dated April 29, 2000, in favor of Overland National Bank, Ha 11 C o u n t y
<br />which Deed of Trust was recorded May 5, 2000, as DOCUMENT NO. 2000 - 03668, Official Records of Nebraska
<br />Hall county. Through subsequent agreements with the Owner, either recorded or unrecorded, the
<br />current borrowing limit for said note has been amended to $11,000.00, and
<br />WHEREAS, Owner has executed, or is about to execute, a Deed of Trust or Mortgage (hereinafter
<br />referred to as "Lender's Security Instrument') and note not to exceed the sum of $49,500.00, dated
<br />9 - 18 - 01 & * * , in favor of Lender, payable with interest and upon the terms and conditions
<br />described therein, which Lender's Security Instrument is to be recorded concurrently herewith; and
<br />** and recorded as Document No. 200109736
<br />WHEREAS, It is a condition precedent to obtaining said loan that said Lender's Security Instrument
<br />last above mentioned shall unconditionally be and remain at all times a lien or charge upon the land
<br />hereinbefore described, prior and superior to the lien or charge of the Deed of Trust first mentioned,
<br />Owner has requested Beneficiary to subordinate Beneficiary's lien to the lien about to be taken by the
<br />Lender; and
<br />WHEREAS, Lender is willing to make said loan provided the Lender's Security Instrument securing
<br />the same is a lien or charge upon the above described property prior and superior to the lien or charge of
<br />the Deed of Trust first above mentioned and provided that Beneficiary will specifically and unconditionally
<br />subordinate the lien or charge of the Deed of Trust first above mentioned to the lien or charge of the
<br />Lender's Security Instrument in favor of the Lender; and
<br />Page 1 of 3
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<br />Wells Fargo Bank, N. A.
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<br />18700 NW Walker Rd #92
<br />Beaverton, OR 97006
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<br />Loan No. 003 -003- 6066356 -0001 DR SUBORDINATION AGREEMENT
<br />ALBUQ
<br />NOTICE: THIS SUBORDINATION AGREEMENT
<br />RESULTS IN YOUR SECURITY
<br />INTEREST
<br />IN THE
<br />S
<br />PROPERTY BECOMING SUBJECT TO AND OF
<br />LOWER PRIORITY THAN
<br />THE
<br />LIEN OF SOME
<br />Sp
<br />OTHER OR LATER SECURITY INSTRUMENT.
<br />This Subordination Agreement, made this November 9, 2001 by WELLS FARGO BANK NEBRASKA,
<br />N.A. (hereinafter referred to as "Beneficiary"), present owner and holder of the Deed of Trust and note
<br />first hereafter described, in favor of FIRST FEDERAL LINCOLN BANK, it's successors and /or assigns
<br />(hereinafter referred to as "Lender ");
<br />WITNESSETH
<br />THAT WHEREAS, Douglas J. Rowlands And Kathryn J. Rowlands, Husband And Wife As Joint
<br />Tenants (hereinafter referred to as "Owner") did execute a Deed of Trust, dated April 29, 2000 to
<br />Overlands National Bank, as Trustee, covering that certain real property described as follows:
<br />THE LEGAL DESCRIPTION
<br />Lot EighPN:M382911
<br />Jeffrey Oaks Sixth Subdivision, in the City of Grand Island
<br />To secure a note in the sum of $11,000.00, dated April 29, 2000, in favor of Overland National Bank, Ha 11 C o u n t y
<br />which Deed of Trust was recorded May 5, 2000, as DOCUMENT NO. 2000 - 03668, Official Records of Nebraska
<br />Hall county. Through subsequent agreements with the Owner, either recorded or unrecorded, the
<br />current borrowing limit for said note has been amended to $11,000.00, and
<br />WHEREAS, Owner has executed, or is about to execute, a Deed of Trust or Mortgage (hereinafter
<br />referred to as "Lender's Security Instrument') and note not to exceed the sum of $49,500.00, dated
<br />9 - 18 - 01 & * * , in favor of Lender, payable with interest and upon the terms and conditions
<br />described therein, which Lender's Security Instrument is to be recorded concurrently herewith; and
<br />** and recorded as Document No. 200109736
<br />WHEREAS, It is a condition precedent to obtaining said loan that said Lender's Security Instrument
<br />last above mentioned shall unconditionally be and remain at all times a lien or charge upon the land
<br />hereinbefore described, prior and superior to the lien or charge of the Deed of Trust first mentioned,
<br />Owner has requested Beneficiary to subordinate Beneficiary's lien to the lien about to be taken by the
<br />Lender; and
<br />WHEREAS, Lender is willing to make said loan provided the Lender's Security Instrument securing
<br />the same is a lien or charge upon the above described property prior and superior to the lien or charge of
<br />the Deed of Trust first above mentioned and provided that Beneficiary will specifically and unconditionally
<br />subordinate the lien or charge of the Deed of Trust first above mentioned to the lien or charge of the
<br />Lender's Security Instrument in favor of the Lender; and
<br />Page 1 of 3
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