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<br /> I�10rFICE: '��S 50BOIRDII�tA'IION At�RFS[n.TS IN YOiIR'SE(.URTTY II�iIF.RF.�T 1N T�P�TY `. .
<br /> . �SiJBJEC"P 1�0�►PID OF LOVVFRPRIORTfY'1HAN Ti�I�AT OF S�ORI�tOR'I.A1F1t SLCURr!'Y� �
<br /> •INSTRIIA�iT. . . � . . •
<br /> D�nid L.W ' aM C6ri�M Wi�siaa aY�dtbe `
<br /> 'IHIS AC�N1T.mde 1His 23td day of.D�..�1993,bS► �S
<br /> l�od�ar�t�-deact�ed ud��ed tc as'Owne�';aod Firat Feda�l Saviop md Laa Asaaatiau af
<br /> Linoota perx�t a�na and Lolder af�We Dad of Ttmt and Naoe 5rat badust�er dqcr�and�mdEer retdtad to at
<br /> _ . . _"�Y�; . . � _ � � . ,
<br /> ' • . ' • W111�iLSSLTH' ,
<br /> - , 1HAT WHEREAS,Ih�mel L:Wissing and Chri�tine M Wicsing�id e.�earte s peed of Tmst,d�ted An�Oat?.8,1991.to, � _
<br /> Be�ciuYoow�edng , , ' � - �
<br /> �` 'PLG ea�rtY 12 foet afLd 23,I.ot 24.and We�Y 10 feet of Lot 25.all ia Blodc 2 in ParkW'll Subdiviaion,
<br /> ' W the City�Cnaad Isl�nd,Sa11 CaumY,Ne�aska
<br />'`� , ,. � .
<br /> - W�ecvte s3�bte in tLe swn�510,000.00 tlated Aogt�st 28,1991 in favor�F'ust Fodetal Savia�and I.oaa Associ�tion ot'
<br /> I.inoWa�v�ich Deod`of Ttost was rreroocded Septembar 4.1991,as Doc�mxnt�91-1OS849,Official Rccords aFH�ll Cotmly;
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<br />';'}� WF�REAS,Owner bas exavtod.a is about w exocut�a Deed of Ttast and Note in tl�e sam�S 28.700.00
<br /> . '��':�''� dated JANUAEiY 19 1994 .ir►fawr of The Eqaitabk B�a�ding��ad Loaa Assaciation.
<br /> ;,�Y,g,,�r�: ��: ';�.� �rdcccad W as"I.eldec" payable with irt�erat and upon We teims aad wmitians dGSCnribed ti�sa4 ahich Deod _
<br /> �`��(kys'''<( ' ;= of Tmst is to be recoided oo�urcra�tty hcceovith;and -
<br />. .;r��v - • � ,K � .—
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<br /> y�-�s=` -�:....` VVI�RSAS,.it is a oondition ptecedent to obtairnng said toan tLat said Deed of Tmst Iau abave mentioned sLai1 —
<br /> . ' f�'• "``: wnoanditiaaaltY be and nemaia at aU times a lien or charrgc upon the land he�in above desadbed,Prior aad snperior w the
<br />. -'t �_'�'c;'::.: _ . �y . � . .
<br /> ,- �A liea or charge of the Deod of Trast first abovc meatiaaed;
<br /> :.�:���+:�._ . .
<br /> " .r- . , , �
<br /> - - . - VVIi�REAS,I.eader is willing w make said loaie pravided thc Dcal of Trust sewring the same is a liea or d�a�ge upon t1►e __
<br /> ''� • ' above des�cn'bed ProperiY Prior and saperior to the lien or charge of the D�ed of Tnut fust abo�c�e meationod and pmvidod -
<br /> � •-.�::,.�: ��- ��, that BeaeSciary aill specificallS+and anoonditionally subordinate the liea ar charge of¢�ae Deed of Tmst 5rst above -
<br /> � ;�.�,•.� � . . meadaned to tbe lien or charge of ihe Dced of Tnut in favor of Lender,and
<br /> ��3..•:,, .. �
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<br /> .- "' ",�: :;s..;_ .�: WF�REAS,it is to ihe matual benefit of the parties bereto that Lendcr malce snch ioan to Owner,a�d BeneSiaaTy is willing �.
<br />. _ U�at the Deed of Tmst seauing t6c sazne shall, when rocarded, ooastitutc a tien or charge upon said tand which is
<br /> .r�..t:-;. �
<br /> � • .. �, . unconditionally priar and superior to 1Le llen or ctiarge of the Deed of Tnut first above mentioned.
<br /> ' i� NOW, T�ORE. in oonsideration of the mutual bcncfits aocruing to the partics heneto and meher v�+�able
<br /> - ..�>';" '� �•,.: �� oonsideraUo4��P����ency of which consideradon 1s hereby aclmowledged,and in order W iddiice I.enQer to ' . -
<br /> . �; •
<br /> - •:; ,. '•;'. malce tbe ban abave teferrod to.it is hcreby declarcd,understood and agrced as foilows:
<br /> ,�.. =•i� .'•�,i�`r;:''�:' .
<br /> ��'`'�,"�:;;�'1.�'.''.:�
<br /> �Y,;r�-u,. , (1) That said Dood of Tnist securing said Note in favur ot Lender, and any reneavats or
<br /> .-�' �,�r�' � extensioas thcrco�sLall unconditionalIy bc and remain at aU timcs a llen or charge on tLe
<br /> ;,s`� ' property tLercin describaf,prior and svperior to ihe lien or charge of the Deed of Tnut 5�st
<br /> above mcndoned. � _.
<br /> - � , (2) That l.ender a�ould not malce its Iaan above dacdbed withwt this Subordinadon
<br /> ��-�::�� . Agreement i.
<br /> � _ �.
<br /> — (3) '1'hd this asroement sl�ll be tl�ee wlale aed oely agcemeat with te�acd to the aubordia�tion . °
<br /> -; otthe lien m charge of the OeW of Tiust firat above mee�tloned to tBe lien or c�ar�of the � _
<br /> —_— - Dxd of Tittst in favor of lendcr a6ovc tefcrnad to and shall supersede and canccl,but oNy �
<br /> iatohr a4 would aQact Uie priotity betwan the DceQ arf Taists henln bd'ae apecifiqlty �'
<br /> � - . de�eribed.�oY Pclor ageemet►t aa to such sn6ordin�tiea�nctudins,6ut mt limitod to.those i
<br /> pravlsiont,it aay,cotttaiaed in tl�e Dood of Trust fust abave mastione0.whkh praviQe for , ;
<br /> � " tLe rubordlaWoa e(tl�lien or ct�ar�e tLeroot to amtl�a Cood a Dood�of Tnst�or to �
<br /> , �uotHer moR�e or mo�t��a.
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