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<br /> SUBORDINATION OF DEED OF TRUST
<br /> s� i i o� 9� ��-��.��
<br /> KNOW ALL MEN BY THESE PRESENTS, THAT WHEREAS, Reis Construction, ��
<br /> Inc., a Nebraska Corporation,hereinafter referred to as"Mortgagors/Trustors" did on the 20�'of �
<br /> October, 1999 execute and deliver to Jeffrey Oaks, Inc. a mortgage/Deed of Trust upon certain `�'
<br /> e,
<br /> real estate located in Hall County,Nebraska, and legally described as:
<br /> Lot Forty Eight(48), 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 20�' day of October, 1999 as Document No. 99-110218.
<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 Dollazs ($95,000.00),to be a first mortgage/deed of trust upon the premises, recorded
<br /> in the Register of Deeds Office as Document No. __�- //d 7�(�
<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,�Sat the
<br /> Mortgage/deed of trust upon the premises thus to be executed by Mortgageors/Trustors to United
<br /> Nebraska Bank, 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 WIT'NESS WHEREOF,the undersigned ha,s,�ecuted this Subordination of
<br /> Mortgage/Deed of Trust on this�day of / V(��l�l�r/ , /��
<br /> FFREY 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 �' ��'G� ��
<br /> ! ;' '
<br /> �
<br /> , /' � �,��C•r' ! �,/
<br /> �ENEHAL NOTARY State o1 Nebraska Not P bli
<br /> MMNIE 8CHAOER SUNDERMEIER
<br /> Ml►Coarn.Exp.Sept 8,2003
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