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tl <br />:t <br />n <br />X <br />M <br />n <br />c <br />Z <br />C/1 <br />Z <br />M i <br />SUBORDINATION AGREEMENT <br />m <br />4 <br />0 <br />m <br />0 <br />v� <br />d <br />r <br />T <br />--a <br />3 <br />N <br />c� en <br />C D <br />z m <br />-i <br />O �'1 <br />� z <br />= M <br />a a� <br />r � <br />r n <br />cn <br />n <br />Cn <br />Cn <br />WHEREAS, Nicholas Vuko and Donna Vuko, husband and wife, (hereinafter referred <br />to as "Vuko "), is the Beneficiary and holder of a Deed of Trust executed by David J. Janovec and <br />Laurie J. Janovec, husband and wife, (hereinafter referred to as "Borrowers "), dated December 3, <br />2002, and recorded December 6, 2002, as Instrument No. 2002 - 13580, of the records of Hall County, <br />Nebraska, covering the following described real estate, to -wit: <br />See attached Exhibit "A" (the "Subject Real Estate "); <br />WHEREAS, Borrowers will be granting easement rights to TLC Properties, Inc., a <br />Louisiana corporation, (hereinafter collectively referred to as "TLC "); <br />WHEREAS, TLCs' Grant of Easement should be paramount and superior to the lien <br />of Vuko. <br />NOW, THEREFORE, in consideration of One Dollar ($1.00) and other valuable <br />consideration to Vuko, the receipt whereof is hereby acknowledged, Vuko does hereby waive the <br />priority of its Deed of Trust as described above and any other security it may have in the subject real <br />estate and agrees that said TLC's Grant of Easement shall be superior to said Vuko's Deed of Trust <br />and Vuko agrees that its Deed of Trust executed and recorded prior in time to said TLC's Grant of <br />Easement shall be subject, junior, and subordinate to TLC's Grant of Easement. <br />Provided, however, that nothing herein contained shall operate in any way to release <br />or affect the validity of Vuko's security instruments as liens upon the Subject Real Estate or to <br />otherwise affect the priority of said Vuko's lien except as herein provided. <br />This Agreement shall be binding upon the undersigned and its successors and assigns. <br />Executed this *617 day of February, 2004. <br />Nicholas Vuko 7 Donna ;uko <br />STATE OF NEBRASKA ) <br />,.•614% TIMOTHY H. PUTNAM <br />) SS <br />' °E =:""" " MY COMMISSION EXPIRES <br />,. <br />COUNTY OF�� ) <br />Janua <br />''' i.RAS ry Z%, 2008 <br />On this. :)7 day of February, 2004, before me the undersigned, a Notary Public, <br />personally came Nicholas Vuko and Donna Vuko, husband and wife, by me known to be the identical <br />persons whose names are affixed to the foregoing instrument in said capacity and acknowledged the <br />execution thereof to be the voluntary act and deed of said persons. <br />WITNESS my hand and notarial seal the day and year last above written. <br />Notary Public <br />My Commission Expires: �)_an �6try a7, 3408' <br />n <br />3 <br />o�N <br />O� <br />O_ <br />s� <br />o�N <br />N= <br />u n r+' <br />Q1 <br />to <br />0 <br />