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C1 Ci <br />r� .T m y o n cr) <br />J 2 D p_ o z rn N <br />M N cr, m C p .w3. <br />O <br />ii S c�c —C s <br />CD -T1 <br />m S3 D <br />rn :a r :10 <br />ca CP rn C <br />O s se <br />Cn CD <br />200111647 - <br />_Space Line kr R cording Data SZ <br />SUBORDINATION AGREEMENT o YM <br />This Agreement made this 24 day of November, 2001, between Centris Federal <br />Credit 1-T,-, ton, its successors and/or assigns, ('Lender ") and Home Federal Savings and <br />Loan Association of Grand Island ( "Savings and Loan "). <br />WHEREAS, HomeFederal Savings and Loan Association of Grand Island is the beneficiary <br />under a Deed of Trust dated August 13, 1999 and recorded August 19, 1999 at Document <br />99- 108338 in Register of Deeds Office of Hall County, Nebraska to secure a loan <br />executed by Stephen P. McCown and Denise C. McCown, husband and wife, <br />( "Borrower(s) ") and covering the following described real estate: <br />LOT TWO (2) IN BI,OCK FIVE (5), REPLAT OF RIVERSIDE ACRES, AN ADDITION TO ri IE CITY OF <br />GRANT? ISLAND, MALL COUNTY. NEBRASKA <br />WHEREAS, Lender proposes to make a loan to Borrowers not to exceed the <br />principal amount of $49,000.00 to be secured by a second mortgage or trust deed upon <br />real estate covered by the Deed of Trust of Credit Union and described as above, and, <br />WHEREAS, Lender has requested Savings and Loan and Savings and Loan has <br />agreed to subordinate the lien of its above described trust deed to the deed of trust to <br />be taken by Lender, <br />NOW, THEREFORE, in consideration of the premises the parties agree as follows: <br />Savings and Loan hereby expressly subordinates the lien of the above described <br />trust deed to the lien of any mortgage or deed taken by Lender from Borrowers and <br />dec'.ares the lien of the trust deed to be junior and inferior to the lien of Lender upon the <br />lands described therein; provided, however, that the subordination of the Deed of Trust of <br />the Credit Union shall not apply or be effective as to any amounts, exclusive of interest, <br />in excess of $49000.00 secured by the mortgage or trust deed of Lender. <br />Home Federal Savings and Loan Association <br />of Gr nd <br />By I <br />Its <br />CENTRIS FEDERAL CREDIT UNION <br />S "rATE OF NEBRASKA <br />SS <br />COUNTY OF Nat t, <br />On this _ day of Qxhnly, , 2001, before me, the undersigned, a Notary Public duly <br />commissioned and qualified for said County personally came ,Neh l�.I� ��n�mr�� as Trustee, to <br />n3e known to be the identical person whose narne is subscribed to the foregoing instrument and <br />acknowledge the execution thereof to be his voluntary act and deed as such Trustee. <br />My Commission expires Q=- <br />Notary Public <br />Bell Fedeml Credit Union <br />343 N. i 14th Street 69MI MM- s�Or�rNa <br />Omaha, NE 68154 TPAOARAM <br />OM 11.lOOti <br />C3� <br />S <br />n <br />