Laserfiche WebLink
n <br />D <br />cn <br />RECORDING REQUESTED BY <br />Service Link <br />W N RECORDED MAIL TO: <br />PHome Federal Savings and Loan <br />Association of Grand Island <br />221 S. Locust, Grand Island, NE 68801 <br />Prepared By <br />Service Link <br />4000 Industrial Blvd. <br />Aliquippa, PA 15001 <br />xi <br />Hi <br />C <br />4.7 <br />a <br />D <br />i e>s <br />e X <br />G <br />O <br />Z' <br />M <br />"qr ry <br />m :3 <br />0 <br />l� <br />w <br />c.n <br />RECORDS USE ONLY <br />n cn <br />O —1 <br />C D <br />z m <br />� o <br />o -n <br />� z <br />= M <br />nm <br />r n <br />n <br />Cn <br />Cn <br />r <br />SUBORDINATION OF MORTGAGE <br />From <br />Home Federal Savings and Loan Association of Grand Island, with its primary office at 221 S. Locust, Grand <br />Island, NE 68801 (hereinafter called `Mortgagee') <br />To <br />Principal Residential Mortgage, Inc, with its primary office at 699 Walnut Street, Des Moines, IA 50309, <br />(hereinafter called "Lender'). <br />Whereas, Mortgagee is the holder of a valid mortgage granted to TERRY J. WICHT and LAURA J. WICHT <br />("Owner) covering certain real property owned by OWNER and located in GRAND ISLAND, NEBRASKA, as <br />more fully described on Exhibit "A" hereto and incorporated herein (hereinafter called "Property') which <br />mortgage is recorded in the HALL County Recorders Office, at Doc # 200005889, (hereinafter the `prior <br />mortgage'); and <br />Whereas, Owner has granted LENDER a mortgage on the PROPERTY not to exceed $30,400.00, and <br />LENDER has recorded the mortgage in the HALL County Recorders Office, at 0o1C.0//'q / ` a , <br />on 11A7 -,7401, (LENDER'S MORTGAGE); and <br />Whereas, the MORTGAGEE has agreed to subordinate the PRIOR MORTGAGE to LENDER "S MORTGAGE. <br />NOW, THEREFORE, INTENDING TO BE LEGALLY BOUND and in consideration of $1.00 <br />1. Subordination of Lien: The MORTGAGEE hereby subordinates the PRIOR MORTGAGE and its <br />lien position in and on the PROPERTY to the LENDER'S Mortgage and the lien thereof, as if the <br />LENDER'S Mortgage has been recorded first in time to the PRIOR MORTGAGE and so that all <br />public records will reflect LENDER'S Mortgage superior in lien to the PRIOR MORTGAGE. <br />2. Subordination of Debt: MORTGAGEE hereby subordinates payment of the debt secured by the <br />PRIOR MORTGAGE to payment of the debt secured by the LENDER'S Mortgage. <br />3. This subordination shall be binding upon and insure to the benefit of the respective heirs, <br />successors and assigns of MORTGAGE and LENDER. <br />ATTEST: <br />* ( HOME FEDERAL SAVINGS AND LOAN ASSOC. <br />(; ` N me of Corporation <br />By: jAj :�—< <br />CHRIS L. KASKIE <br />Print Name <br />ASST. VICE PRESIDENT <br />Title <br />State of: NEBRASKA } <br />)SS. <br />County of: HALL } <br />On this, the 1 STday of NOV. 200_L, before me, the undersigned officer, personally appeared <br />CHRIS L. KASKIE , known to me (or satisfactorily proven) to the person <br />w hose name is subs -ribed to the within instrument and acknowledged to me that he /she /they executed the same for the purpose therein. <br />WITNESS my hand and official seal t� �)kI <br />Notary DEBORAH J NORMAN <br />OEBOiiI�'Id.NOR1IAAN printed name <br />wCmKft81pt19,20os <br />(seal) <br />Subordination (General) v2.0 <br />State of NEBRASKA <br />My Commission expires: -_ <br />O <br />rn <br />N <br />o LT; <br />S <br />CZ) » <br />rV a :3 <br />