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f s I <br /> � . <br /> SUBOROINATION AGREEMENT <br /> Documeat Number Dee�eat 7'itle <br /> WHEREA3 OnFebruary 20, 1996 � 9 10 7 3 0 0 <br /> Timothy ,�. Lar�y "--' <br /> ("�ORR OjVII�aRS�")Ae eaCt�ted�mortgage in favor of <br /> ("CREDITOR")encumbering the foliowing described reai property: �;�,�. <br /> ALL THAT PARCEL OF LAND IN CITY OF GRAND ISLAND, HALL <br /> Aiame aod Rel�a Addarsa <br /> COUNTY, STATE OF NEBRASKA, AS FOUND IN DEED DOC�1� 96-101213, <br /> ID4� 400060264, BEING KNOWN AND DESIGNATED AS LOT ONE (1) , <br /> BLOCK FOUR (4) , GEORGE LOAN'S SUBDIVISION IN THE CITY OF <br /> GRAND ISLAND, HALL COUNTY NEBRASKA. <br /> 400060264 <br /> r <br /> Pared tdaodseadaa Nombar(PIIH) <br /> which secured an o�iginai indebtedness in the amount of 524,500.o0 <br /> Fe ruar 21 1996 <br /> was recorded on y ° . in Volume <br /> Page in the pub�ir� r���i� of Hall County; <br /> A8 DOCUMENT NUMBER <br /> WHEREA8,ther�fter on„� � <br /> (Date) <br /> Bomowers executed or wili execute a certain mortgage in favor of Tr�nrelers Bank and <br /> Trust sscurin��n ori�inal indebtedness in the amount of s64,500.oo ___ , <br /> which will be�+ecorded In ths public rscords af Hall _County�and <br /> which mortgage Iikewlse encumbers the above-described property; � <br /> WHEREA8, Travelers Bank and Trust is not wiiling and will nat make the loan desired by <br /> theBorrowers unless Travelers Bank and Trust mortgage is a First mortgage prior in � <br /> dignity and i�every respect to the afonesaid mort�age of Cr+editor; <br /> NOW,T:�EREFORE, in consideration of the sum of One Dollar(i1,90)and other valuable <br /> considerallon to Creditor in hand paid,the receipt of which is he�by acknowledged, <br /> Cred�to�does hereby subordinate its mortgage to the above-described mortgage in favor <br /> of Travelers Bank and Tnistand does hereby in�end by this Agreement that the mortgage in <br /> tavor of Traveiera Bank and Trust shall be a First mortgage lisn prior in � <br /> dignity to Creditors mortgage as henein desc�bed. , � <br /> j� , <br /> , . . . IVRDA Z/SkS <br />