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c m b c/) f1 i9 Z m in 'N PK QS N SUBORDINATION AGREEMENT WHEREAS, on July 30 1999 (Date) Troy J. Beem and Tricia A. Beem ( "Borrowers ") executed a mortgage in favor of Associates Financial Services Company Inc. encumbering the following described real property: Lot Seventy Nine (79), in Hagges! Subdivision to the City of Grand Island, Hall County, Nebraska. which secured an original indebtedness in the amount of $ 20, 205.50 and was recorded on August 4, 1999 , in `Doc# 99107879 , in the public records of Hall County, State of Nebraska WHEREAS, thereafter on 11/23/2001 Borrowers executed or will (Date) execute a certain mortgage in favor of CitiFinancial Inc (MD) ( "CitiFinancial ") securing an original indebtedness in the amount of $ 79, 271 .42 , which will be recorded in the public records of Hall County, and which mortgage likewise encumbers the above - described property; WHEREAS, CitiFinancial is not willing and will not make the loan desired by the Borrowers unless CitiFinancial's mortgage is a first mortgage prior in dignity and in every respect to the aforesaid mortgage of Creditor; NOW, THEREFORE, in consideration of the sum of One Dollar ($1.00) and other valuable consideration to Creditor in hand paid, the receipt of which is hereby acknowledged, Creditor does hereby subordinate its mortgage to the above - described mortgage in favor of CitiFinancial and does hereby intend by this Agreement that the mortgage in favor of CitiFinancial shall be a first mortgage lien prior in dignity to Creditor's mortgage as herein described. f313 1 of 2 8/2000 0 O o ill i r-A o -�i o =3 Lt c. D --1 N rn o ° Q. C) o a -•, �. CO . _ y c� r— 3> cn > o Co Cn Cl) Z Lot Seventy Nine (79), in Hagges! Subdivision to the City of Grand Island, Hall County, Nebraska. which secured an original indebtedness in the amount of $ 20, 205.50 and was recorded on August 4, 1999 , in `Doc# 99107879 , in the public records of Hall County, State of Nebraska WHEREAS, thereafter on 11/23/2001 Borrowers executed or will (Date) execute a certain mortgage in favor of CitiFinancial Inc (MD) ( "CitiFinancial ") securing an original indebtedness in the amount of $ 79, 271 .42 , which will be recorded in the public records of Hall County, and which mortgage likewise encumbers the above - described property; WHEREAS, CitiFinancial is not willing and will not make the loan desired by the Borrowers unless CitiFinancial's mortgage is a first mortgage prior in dignity and in every respect to the aforesaid mortgage of Creditor; NOW, THEREFORE, in consideration of the sum of One Dollar ($1.00) and other valuable consideration to Creditor in hand paid, the receipt of which is hereby acknowledged, Creditor does hereby subordinate its mortgage to the above - described mortgage in favor of CitiFinancial and does hereby intend by this Agreement that the mortgage in favor of CitiFinancial shall be a first mortgage lien prior in dignity to Creditor's mortgage as herein described. f313 1 of 2 8/2000 0 O