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99110163
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99110163
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Last modified
3/13/2012 7:45:43 PM
Creation date
10/21/2005 1:06:19 AM
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DEEDS
Inst Number
99110163
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99 110163 <br /> 18. Subordination. Lender and Borrower acknowledge and agree that this Deed <br /> of Trust is subject and subordinate in all respects to the liens, terms, <br /> covenants, and conditions of the Deed of Trust ("First Deed of Trust") securing <br /> a note payable by Borrower to Norwest Mortgage, Grand Island, NE ("Senior Lien <br /> Holder") and to all advances heretofore made or which may hereafter be made <br /> pursuant to the First Deed of Trust including all sums advanced fo� the purpose <br /> of (a) protecting or further securing the lien of the First Deed of Trust, <br /> during defaults by Borrower under the First Deed of Trust, or for any other <br /> purpose expressly permitted by the First Deed of Trust, or (b) constructing, <br /> renovating, repairing, furnishing, fixturing, or equipping the Property. The <br /> terms and provisions of the First Deed of Trust are paramount and controlling, <br /> and they supersede any other terms and provisions hereof in conflict therewith. <br /> In the event of a foreclosure or deed in lieu of foreclosure of the First Deed <br /> of Trust, any provisions herein restricting the use of the Property to low-or <br /> moderate-income households or otherwise restricting Borrowers ability to sell <br /> the Property shall have no further force or effect on subsequent owners or <br /> purchasers of the Property. Any person, including his successors or assigns <br /> (of.her than Borrower or a related entity of Borrower) , receiving title to the <br /> Property through a foreclosure or deed in lieu of foreclosure of the First Deed <br /> of Trust shall receive title to the Property free and clear from such <br /> restrictions. <br /> Further, if the Senior Lien Holder acquires title to the Property pursuant to <br /> a deed in lieu of foreclosure, the lien of this Deed of Trust shall <br /> automatically terminate upon the Senior Lien Holder's acquisition of title. <br /> IN WITNESS WHEREOF, Trustor has executed this Deed of Trust as of the <br /> date and year first above written. <br /> , <br /> � � ��� <br /> , <br /> Trus or/B rro er Trustor B rr wer <br /> STATE OF NEBRASKA ) <br /> )ss. <br /> COUNTY OF HALL ) <br /> The foregoing instr�ament was acknowledgedJbefore me this 15th day of <br /> October, 1999, by Troy �as*�n Lehn and Cathy e3e Lehn, husband and wife. �-- <br /> ,'�� , <br /> . <br /> Not ry lic <br /> GENERAL N01ARY State of Nebras�a <br /> IN MARGARET M.������ <br /> ,� <br /> My Comm Exp luty Z,2U00 <br /> a <br /> ; <br /> f <br />
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