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<br /> . +"' 3UBORDINATION AGREEli�NT 91_.. 1U8558
<br /> �':;��r��-�_�--
<br /> �;.��__
<br /> 4. � y .., -_
<br />- THIS AGRE:Er1E�7T mdde and executAd this �_ 3th day of �:�:-��.<-u_..: _,_
<br /> December � 19 91 ► by and between Thomas K. and Pe94Y A. Beswick �
<br /> � ere na ter ref erred to as "Subord inat ng re tar , an
<br /> - �EDERAL SAVINGS AND LOAt� ASSOCIATION OF GRAND iSLAND, hereina�ter �s.�;������-�.
<br />� ref er red to as "Secu red Pa rty". �'�-�A-
<br /> �;i_�;�?�►�,uei�i�!�'�
<br /> �w.
<br /> F; • . ' WITNES3ETH s �'�_-_,:�..�__..�__....
<br /> . ; �:•-y��
<br /> . " .- , � 'V.�:4:a�a�a;�
<br /> ' t ' ��� ��iNER�A3, Thomas K. and Peggy A. Beswick� Husband and Wife , ;F ""'"��',?.
<br /> �....,.� •..,.ti;:.��..•;,._ �lK.���+*�•..���
<br /> ' �� ���.,,�,�' : he�eeinafter re erred to as e tor , as grante to t e u or - . �
<br /> � • •,• Deed of Trust � • ,'���'=-���3°��-
<br /> ;;;:�` , nating Creditoc a in respect to that real -
<br /> t� � , � --_
<br /> �;.;..:;ic�,, , ; es�a�e described a$: �_ -
<br /> {;''',I�F , �' '^"T:��N/1�s_
<br /> if.�'_. . ` '_ _
<br /> �"i''��� � � Lat Nine (9) in Nidden Lakes Subdivisian Number Two (2), in ' �'�_ --.�
<br /> ���•:' +�;.••� `�:� �fi.� - ;3,—
<br /> _.�,
<br />" � �+' . ��,;� Hall Gaunty, Nebraska. � • � ''�'�"
<br /> . ; . , . �'` _
<br /> ,� . . . 1 'r �Rryi..
<br /> � '' t`' • � HHEREAS, the Secured Party has agreed to enter into a loan � ��li�
<br /> .. ,:
<br /> .��� �• � transaction with tl�e Debtor whereby certain additional funds are ����'=,
<br /> ����� ,��� �; .� �- to be advanced to the Debtor conditional upon the Debtor pro- �• ��` --
<br /> � ' � '����' viding the Secured Party with a first Deed of Trust in respect to �. � �,_. ��
<br /> � �� '� the real estate in which the Subordinating Creditor claims an �.'::�.;�;
<br /> interest, hereinaf ter referred to as the "Collateral"j �nd �-;+,r,<y:r1_��_ _
<br /> ;„..s_��s —
<br /> _—_ =- -_ .T s.,zT��.:_--- _ -
<br /> � ��HEREAS, the Subordinating Creditor is willing to subordi- �r , f..�•,'i� ;. .
<br /> nate any lien it r�ay have in respect to the Co2lateral by reason ���
<br /> N�`�`
<br /> ' of Subordinating Creditor's f iled peed of t e , filed of � � � _ �y.:�
<br /> �� record in the office of the Register o� ee s o Co �t,�y�� ,, , �
<br /> = - t�ebra�ka an9-�G-90 & G-10- , 19 '�1 (as instrument No. - 05525 & � `'(`�'Yf� �i . _ ��:�;'-.
<br /> � Book at age in order to assure the Secure arty of � .
<br /> , a firstZien posit�on�n and to the Collateralt �r ���� C-
<br /> '��• _
<br /> R. ,. x
<br /> . NOtnl, THEREEOR�, i t is ag reed s , -
<br /> . • ' ��.
<br /> � 1. The Subordinating Creditor hereby consents to a subordi.- ! ��
<br /> • � � � nation oE its priority position to the Secured Party and agrees �:
<br /> that its lien, ff any, shall at all times be secondary to the
<br /> extent herein provided and subject to the lien of the Secured
<br /> ' Party in respect to that real estate described as: , -
<br /> •, . .. ... • .
<br /> � together with all buildings, fmprovements and appurtenances �,
<br /> , thereto. �
<br /> ; 2. The Subordinatin� Creditor hereby consents to the grant-
<br /> ' � ing by the Debtor to the Secured Party oE a first lien in all the -
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