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<br />SUBORDINATION AGREEMENT
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<br />Nll� WHEREAS, Five Point Bank with the address of 2015 N Broadwell Ave, Grand Island NE 68803, the
<br />undersigned, hereinafter referred to as First Party, is the owner of the mortgage dated February 24, 1998 and
<br />recorded on the February 25, 1998, as document No. 98- 101613 in Vol. N/a at page n/a , in the office of the
<br />Register of Deeds, Hall County, State of Nebraska, securing a debt in the original amount of $11,717.86 , and
<br />covering the following described real estate situated in Hall County, State of Nebraska, to -wit:
<br />LOT 6, IN BLOCK 68, IN WHEELER AND BENNETT'S SECOND ADDITION TO THE CITY OF GRAND
<br />ISLAND, HALL COUNTY, NEBRASKA, ACCORDING TO THE RECORDED PLAT THEREOF
<br />WHEREAS, Charles Mitchell and Jane Mitchell have executed a mortgage NOT TO EXCEED the
<br />amount of $49,516.00, dated (0 / / //2004 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
<br />for record in the office of the Register of Deeds, Hall County, State of Nebraska on V-4e-1 _? E_/ 'f
<br />and recorded as document No. 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
<br />to 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)
<br />to the First Party in hand paid, the receipt whereof in hereby acknowledged, the said First Party does subordinate all
<br />rights created by the mortgages above described to the undersigned First Party, or in any other manner, to the lien
<br />of the mortgage to the said Second Party above described, and agrees that the said mortgage to said Second Party
<br />shall constitute a first and prior lien upon the real estate described in the mortgage of said Second Party, superior to
<br />any right, title interest, claim or lien which the First Party may have in or on said premises, to the same extent as
<br />though the mortgage to Second Party was actually executed and recorded prior to the mortgages of the undersigned
<br />above described.
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<br />SUBORDINATION AGREEMENT
<br />OyNL -) a Dq. -
<br />Nll� WHEREAS, Five Point Bank with the address of 2015 N Broadwell Ave, Grand Island NE 68803, the
<br />undersigned, hereinafter referred to as First Party, is the owner of the mortgage dated February 24, 1998 and
<br />recorded on the February 25, 1998, as document No. 98- 101613 in Vol. N/a at page n/a , in the office of the
<br />Register of Deeds, Hall County, State of Nebraska, securing a debt in the original amount of $11,717.86 , and
<br />covering the following described real estate situated in Hall County, State of Nebraska, to -wit:
<br />LOT 6, IN BLOCK 68, IN WHEELER AND BENNETT'S SECOND ADDITION TO THE CITY OF GRAND
<br />ISLAND, HALL COUNTY, NEBRASKA, ACCORDING TO THE RECORDED PLAT THEREOF
<br />WHEREAS, Charles Mitchell and Jane Mitchell have executed a mortgage NOT TO EXCEED the
<br />amount of $49,516.00, dated (0 / / //2004 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
<br />for record in the office of the Register of Deeds, Hall County, State of Nebraska on V-4e-1 _? E_/ 'f
<br />and recorded as document No. 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
<br />to 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)
<br />to the First Party in hand paid, the receipt whereof in hereby acknowledged, the said First Party does subordinate all
<br />rights created by the mortgages above described to the undersigned First Party, or in any other manner, to the lien
<br />of the mortgage to the said Second Party above described, and agrees that the said mortgage to said Second Party
<br />shall constitute a first and prior lien upon the real estate described in the mortgage of said Second Party, superior to
<br />any right, title interest, claim or lien which the First Party may have in or on said premises, to the same extent as
<br />though the mortgage to Second Party was actually executed and recorded prior to the mortgages of the undersigned
<br />above described.
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