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<br /> �� �0 7 4 0 2 SUBORDINATION OF DEED OF TRUST �
<br /> KNOW ALL MEN BY THESE PRESENTS, THAT WHEREAS, Reis Construction,
<br /> ��
<br /> Inc., a Nebraska Corporation,hereinafter referred to as "Mortgagors/Trustors" did on the 11`�of � �
<br /> June, 1999 execute and deliver to Jeffrey Oaks, Inc. a mortgage/Deed of Trust upon certain real
<br /> estate located in Hall County,Nebraska, and legally described as:
<br /> Lot Nineteen(19), Jeffrey Oaks Sixth Subdivision in the city of Grand Island, Hall County,
<br /> Nebraska
<br /> conditioned for and to secure the payment of the sum shown on the NOTE, which
<br /> mortgage/Deed of Trust was recorded in the Office of the Register of Deeds of Hall County on
<br /> the 14�'day of June, 1999 as Document No. 99-106043.
<br /> WHEREAS, Mortgagors/Trustors, for the purpose, among other things, of paying or
<br /> securing certain debts,have agreed to execute and deliver a mortgage/deed of trust upon the real
<br /> estate to United Nebraska Bank conditioned for the payment of the sum of Ninety Five
<br /> Thousand Dollars($95,000.00),to be a first mortgage/d ed of trust upon the premises, recorded
<br /> in the Register of Deeds Office as Document No. �/C/- ��76/9
<br /> NOW, THEREFORE, Jeffrey Oaks, Inc. in consideration of the premises for value
<br /> received,the receipt and adequacy of which is hereby acknowledged, does hereby bargain,
<br /> consent,promise and agree to and with Mortgagors/Trustors,their heirs and assigns, that the
<br /> Mortgage/deed of trust upon the premises thus to be executed by Mortgageors/Trustors to United
<br /> Nebraska, for the amount and interest above mentioned, shall at all times be a prior
<br /> Mortgage/Deed of Trust and a prior lien upon the premises to the Mortgage/Deed of Trust of
<br /> Jeffrey Oaks, Inc. as above described.
<br /> IN WITNESS WHEREOF,the undersigned ha xe uted this Subordination of
<br /> Mortgage/Deed of Trust on this o���day of ` _ , �g9 .
<br /> EFFREY OAKS, INC.
<br /> BY . �"`�
<br /> STATE OF NEBRASKA)
<br /> COUNTY OF HALL )SS
<br /> Before me, a Notary Public qualified in said County,personally came James s. Reed,
<br /> President of Jeffrey Oaks, Inc. known to be the same and
<br /> identical person who signed the foregoing Subordination of Mortgage/Deed of Trust, and
<br /> acknowledged the execution thereof to be his volunt act and deed as such office.
<br /> Witness my hand and Notarial Seal on a/ � �.�-----
<br /> ,` �
<br /> , .
<br /> rr r"
<br /> ���� GENERAI NOtARY•Sfate of Nebraska 'G � ��L �
<br /> MARNIE SCHA6ER SUNDERMEIER NOt Ubll
<br /> My Comm.Exp,�p�,g.2p� `-
<br />
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