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<br />Loan No. 003 -003- 2580713 -0001 PL SUBORDINATION AGREEMENT
<br />ALBUQ
<br />NOTICE: THIS SUBORDINATION AGREEMENT RESULTS IN YOUR SECURITY INTEREST IN THE
<br />PROPERTY BECOMING SUBJECT TO AND OF LOWER PRIORITY THAN THE LIEN OF SOME
<br />OTHER OR LATER SECURITY INSTRUMENT.
<br />This Subordination Agreement, made this May 5, 2004 by WELLS FARGO BANK, N.A. (hereinafter
<br />referred to as "Beneficiary"), present owner and holder of the Deed of Trust and note first hereafter
<br />described, in favor of WELLS FARGO HOME MORTGAGE, INC., it's successors and /or assigns
<br />(hereinafter referred to as "Lender ");
<br />WITNESSETH
<br />THAT WHEREAS, Harold E. Peters. And Ruth F. Peters, Husband And Wife (hereinafter referred to
<br />as "Owner") did execute a Deed of Trust, dated September 20, 2001 to Wells Fargo Bank Nebraska, N.
<br />A., as Trustee, covering that certain real property described as follows:
<br />LOT 13, BLOCK 2, CONTINENTAL GARDENS, CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA
<br />To secure a note in the sum of $25,000.00, dated September 20, 2001, in favor of Wells Fargo Bank
<br />Nebraska, N. A., which Deed of Trust was recorded October 22, 2001, as DOCUMENT NO. 200110651,
<br />Official Records of Hall County. Through subsequent agreements with the Owner, either recorded or
<br />unrecorded, the current borrowing limit for said note has been amended to $25,000.00, and
<br />WHEREAS, Owner has executed, or is about to execute, a Deed of Trust or Mortgage (hereinafter
<br />referred to as "Lender's Security Instrument ") and note not to exceed the sum of $100,800.00, dated
<br />11 3 /O 3 , in favor of Lender, payable with interest and upon the terms and conditions
<br />described therein, which Lender's Security Instrument is to be recorded concurrently herewith; and
<br />WHEREAS, It is a condition precedent to obtaining said loan that said Lender's Security Instrument
<br />last above mentioned shall unconditionally be and remain at all times a lien or charge upon the land
<br />hereinbefore described, prior and superior to the lien or charge of the Deed of Trust first mentioned,
<br />Owner has requested Beneficiary to subordinate Beneficiary's lien to the lien about to be taken by the
<br />Lender; and
<br />WHEREAS, Lender is willing to make said loan provided the Lender's Security Instrument securing
<br />the same is a lien or charge upon the above described property prior and superior to the lien or charge of
<br />the Deed of Trust first above mentioned and provided that Beneficiary will specifically and unconditionally
<br />subordinate the lien or charge of the Deed of Trust first above mentioned to the lien or charge of the
<br />Lender's Security Instrument in favor of the Lender; and
<br />Page 1 of 3
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<br />Loan No. 003 -003- 2580713 -0001 PL SUBORDINATION AGREEMENT
<br />ALBUQ
<br />NOTICE: THIS SUBORDINATION AGREEMENT RESULTS IN YOUR SECURITY INTEREST IN THE
<br />PROPERTY BECOMING SUBJECT TO AND OF LOWER PRIORITY THAN THE LIEN OF SOME
<br />OTHER OR LATER SECURITY INSTRUMENT.
<br />This Subordination Agreement, made this May 5, 2004 by WELLS FARGO BANK, N.A. (hereinafter
<br />referred to as "Beneficiary"), present owner and holder of the Deed of Trust and note first hereafter
<br />described, in favor of WELLS FARGO HOME MORTGAGE, INC., it's successors and /or assigns
<br />(hereinafter referred to as "Lender ");
<br />WITNESSETH
<br />THAT WHEREAS, Harold E. Peters. And Ruth F. Peters, Husband And Wife (hereinafter referred to
<br />as "Owner") did execute a Deed of Trust, dated September 20, 2001 to Wells Fargo Bank Nebraska, N.
<br />A., as Trustee, covering that certain real property described as follows:
<br />LOT 13, BLOCK 2, CONTINENTAL GARDENS, CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA
<br />To secure a note in the sum of $25,000.00, dated September 20, 2001, in favor of Wells Fargo Bank
<br />Nebraska, N. A., which Deed of Trust was recorded October 22, 2001, as DOCUMENT NO. 200110651,
<br />Official Records of Hall County. Through subsequent agreements with the Owner, either recorded or
<br />unrecorded, the current borrowing limit for said note has been amended to $25,000.00, and
<br />WHEREAS, Owner has executed, or is about to execute, a Deed of Trust or Mortgage (hereinafter
<br />referred to as "Lender's Security Instrument ") and note not to exceed the sum of $100,800.00, dated
<br />11 3 /O 3 , in favor of Lender, payable with interest and upon the terms and conditions
<br />described therein, which Lender's Security Instrument is to be recorded concurrently herewith; and
<br />WHEREAS, It is a condition precedent to obtaining said loan that said Lender's Security Instrument
<br />last above mentioned shall unconditionally be and remain at all times a lien or charge upon the land
<br />hereinbefore described, prior and superior to the lien or charge of the Deed of Trust first mentioned,
<br />Owner has requested Beneficiary to subordinate Beneficiary's lien to the lien about to be taken by the
<br />Lender; and
<br />WHEREAS, Lender is willing to make said loan provided the Lender's Security Instrument securing
<br />the same is a lien or charge upon the above described property prior and superior to the lien or charge of
<br />the Deed of Trust first above mentioned and provided that Beneficiary will specifically and unconditionally
<br />subordinate the lien or charge of the Deed of Trust first above mentioned to the lien or charge of the
<br />Lender's Security Instrument in favor of the Lender; and
<br />Page 1 of 3
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