Laserfiche WebLink
.- � 99- s+����o <br /> INTERCREAT�`OR AGREEM�NT <br /> This ngrcement between �he BANK OF DONIPHAN, t?oz�iph�r�, <br /> Nebraska (Doniphan) , an� vERNA C. PCIESLING c�f Doniphan, Nebras}ca, <br /> �� made by Verna C. Kiesling f�� valuab],e can.�i�era�ion, the <br /> rece�.pt of whicYi ��� here�y acknowledges. <br /> Each of the partYes has filed or intends to file mortgages <br /> oz c�eeds of trust in the off�.ce of the Regis�er of Deeds of Hall <br /> County, Nebraska, upon the �ollowing described real estate, to- <br /> wit: �outhwc�t Quarter (SW�) of Section Thirteen fi37 , Township <br /> Nine (9) North, Ran.ge T�a� (10) , Wes�t of the 6th P.M. , Fiall <br /> County, Nebraska, which da vr will secure indebtedness owed to <br /> the �ank of Doniphan or Vern� G. Kie�ling by Gor�lon D. G�a� and <br /> Sally ��a'. Graf, hus's��t1t1 ,3ri�� w�.�c-:, O�C Ft"a.'��. �.ot7rgiy, i��ki;�a��u. <br /> Xn order to establish, as between th�nselves, the �riority <br /> e�f the security interests whi�h have been or wi11 be h�reafter <br /> ac�qu.�r�d under th� abav��m��ti.aned mortgag�� o� de�d� o� t�u��t or <br /> ��lated security �greem�n�:s ir� �he above described real es��te of <br /> �eb�or and the p.x°a���:ds �.hereof, the under�ic�ned a�r�� as <br /> �o1J.ows: <br /> 1. Verna �. Kieslinc�` s securi�.y int�rests .r�presented <br /> by he� above desc.rib�c� �nnr�g�ges or deeds o� �rust sh��.l. be <br /> subor.c�inate �Co p�x�e�;t�:�d �e�;u.�i�y znterest-� af tk�e B�nk of <br /> �oniphan represenr_ec� by it� above de�cra.beci x�nr��t���e� ox deeds of <br /> �rus�, R�ahether th�se mr��tgages or deeds o� �x�ust hav� been filed <br /> b�for� the date of this agr��ment or whethe� �he�r are filed after <br /> the clate o� this agreem�nt. <br /> 2. Verna �. Kiesling hereby represents to the Bank of <br /> Doniphan �.hat she is intexested in Gordon D. Graf and Sa1iy M. <br /> Graf's obtaining loans from the Bank of Doniphan fzom time to <br /> time, which loans will be secured by deeds of trust or mortgages <br /> upon the above described real estate; that she intends that the <br /> securi�y interests which she has in that real estate will be <br /> su�ordinate to the �ecuzity i��ter�sts of tne Bai�i� nf D�on.i�r�an;. <br /> that she understands that all principal. and interest and any <br /> other charges constituting the debt owed to the Bank of Doniphan <br /> and secured by deeds of trust or mortgages upon the above <br /> ciescribed real estate in favor of the Bank of Doniphan must be <br /> paid in full before she will be entitled to payment of any part <br /> of the debt which is owed to her and secured by� deeds of Crust or <br /> mortgages upon the above d�scxibed real estate in her favor; that <br /> the Bank of Doniphan would not m�ke loans to Gordon D. Graf and <br /> Sally M. Graf if this Intercreditor Agreement was not in place, <br /> and that in conti.nuing its existing loan and considering <br /> additional loans the Bank of Doniphan wil1. rely upon �his <br /> Intercreditor Agreemsnt and the prQVisions herein contair�ed. <br /> 1 <br />