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<br /> �'�`� ' 3UBURDINAT[ON OF DEED OF 7RUS'P
<br /> _�----= 93-���'., . .. . .
<br /> ._ —_ — WH�REAS. Norw�st Bank Nebraska. �IA ,wbose addtrs�
<br /> ° � 1s _23�West 3rd Street in Grand Island. NE 68801 (hereinafter)
<br /> ':'— -- called "I'rwtee")� Iw an interat in the follawing deuxibed Propc�rtY locsted in tha
<br /> �.;..� Citv of Granci Island , County of Hall . State of
<br /> } _Nebraska ,des�xIbed as foUows.to wI�
<br /> —�'��..�..;f, Lot 2, M d� S Subdivision, City of Grand Island. Ha�ll
<br /> �`��;�+�r°�z� ,,.,; County, Nebraskd.
<br /> - -='��trr....,�
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<br /> �--.'�%r,e's..:
<br /> -�'� a pursuant to tbe tams of a certain Deed of Trust(h�reinafter"Subordinate Deed of Trust")
<br /> � •° + ` � dated October 2nd , 19 92.and recorded on October 9th .
<br /> �'�
<br /> _ ___�x�:,�+xr_� 19�, in L3ber/Book , Page -- . as Document No. 9Z-108764 ,
<br /> ' Hat 1 County Revords,aad -
<br /> ;�E��r�'��'�'` .
<br /> . . WHERE�►S, Thomas A._Kahrhoff and Sherrv L. Kahrhoff ,wliose address
<br /> ' � � 2115 West LaMar Avenue in Grand Island, NE 68803 (hereinsftar
<br /> �•:�' .
<br /> i
<br /> � .. .���:� c�Ued"I'rustar/Borrower"),has applied to �c,rr,est irtert�a��In�
<br /> . �
<br /> � �•' (hereinafter called "Lender") fur_ a mortaaqe 1 oan
<br /> , .. �
<br /> .,�
<br /> �
<br /> � to be secured by a Deed of Trust on the above described property.
<br /> _�:— --�` �
<br /> _ . :_�;�_�—
<br /> }�• NOW,�THEREFORE. in consideration of One Dollar (51.00) and other good and
<br /> valuable consideratton� receipt whereof is hereby acknowledged, the undersigned Trustee
<br /> � does hereby subord�nate to Lendar all its rights in the above described properiy to said
<br /> ` Deed of Trust of Lender.
<br /> � IT IS FURTHER AGREED that Lender is relying upon this subardination in the
<br />-;. , above described Deed of Trust transaction and that Lendcr's Deed of Trust when executed
<br /> - � shall be a secured lien on the above described properry prlor and superior to the interest of
<br /> • Trustee notwithstanding the date of execution� the date of recording� or date of
<br /> disbursement of funds by the L.ender,
<br /> . ; . .
<br /> ,
<br /> � AND IT IS FURTHER AGREED that Trustee hereby assurnes no pecsonal
<br /> • liabiliry to Lender and that Lender shall give written notice to Trustee at least 15 days prior
<br /> � to the exercise of its right to foreclose by certi�ed U.S. Mail to the address hereinabove �
<br /> _ ; ��; designated or to such other address as may hereafter be designated in writing. Trustee
<br /> :,
<br /> shall have the right�but not the obligation,to cure any default of the Trustor/Borrowcr.
<br /> x. .
<br /> `'`"� . ' .. The Trustee represents that it has not sold, assigned, conveyed or agreed to sell,
<br /> ' assign or convey to anyone the Trustee's interest in the above described Subordinate Deed �
<br /> `.�� � �, of Trust and that said Subordinate Deed of Trust is presently in effect and not now in _
<br /> �` ,� default by either the Trustee or the Trustor/Barrower. _
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