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<br />SUBORDINATION AGREEMENT
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<br />WHEREAS, Federal Home Loan Bank Of Topeka the undersigned, hereinafter referred to as First Party, is
<br />the owner of the mortgage dated March 15, 2001 and recorded on the March 15, 2001, as document No. 2001-
<br />02064 in Vol. NA at page NA , in the office of the Register of Deeds, Hall County, State of Nebraska, securing a
<br />debt in the original amount of $3,200.00 , and covering the following described real estate situated in Hall County,
<br />State of Nebraska, to -wit:
<br />LOT 43, WEST HEIGHTS ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA,
<br />ACCORDING TO THE RECORDED PLAT THEREOF
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<br />WHEREAS, Michael P. Taylor have executed a mortgage NOT TO EXCEED the amount of
<br />, F-1 C^) . r---,C ") , dated � F,.jd2004 to Principal Residential Mortgage, Inc., hereinafter referred to as
<br />Second Party covering the above described real estate and securing a note of like amount, which mortgage is filed for
<br />record in the office of the Register of Deeds, Hall Count , State of Nebraska on -� / // / 4 y at �_: 5— ►
<br />o'clock, and recorded as document No. �(V/& 1/)o , in Book of Mortgages, at page
<br />, of the records of said County and State; and
<br />WHEREAS, Second Party desires that the lien of its mortgage above referred to shall be prior and superior to
<br />any right, title, interest, claim or lien which the First Party may have in or to the said premises by virtue of its
<br />mortgages first above described;
<br />NOW, THEREFORE, the undersigned in consideration of the premises and the sum of One Dollar ($1.00) to
<br />the First Party in hand paid, the receipt whereof in hereby acknowledged, the said First Party does subordinate all rights
<br />created by the mortgages above described to the undersigned First Party, or in any other manner, to the lien of the
<br />mortgage to the said Second Party above described, and agrees that the said mortgage to said Second Party shall
<br />constitute a first and prior lien upon the real estate described in the mortgage of said Second Party, superior to any right,
<br />title interest, claim or lien which the First Party may have in or on said premises, to the same extent as though the
<br />mortgage to Second Party was actually executed and recorded prior to the mortgages of the undersigned above
<br />described.
<br />by
<br />IN WITNESS WHEREOF, the said First Party has hereunto caused this instrument to be signed on its behalf
<br />thereunto duly authorized so to do this day= &3 /2004.
<br />a ome Loan B f Topeka
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<br />BY:
<br />Title: �lc� �S,der�i-
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