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fi <br />m <br />N <br />S <br />v <br />When recorded mail to: <br />CitiFinancial Inc. <br />2014 Lawrence Ln. <br />Grand Island, NE 68803 <br />Attn: Tamara <br />rn <br />n <br />C <br />z <br />M D <br />7�c = <br />n n <br />Z D <br />rn c/) <br />-SUBORDINATION AGREEMENT <br />m <br />m <br />C <br />a <br />s <br />L <br />CE <br />r- <br />N <br />w <br />Z3 <br />ca cn <br />o� <br />c <br />M <br />� o <br />= m <br />D co <br />r � <br />r n <br />Cn <br />D <br />i <br />The undersigned CitiFinancial, Inc f /k/a Associates Financial Services Company, <br />Inc. (undersigned hereinafter designated as "Subordinator "), is the holder and owner of <br />a Security Deed hereinafter designated as "Deed of Trust/Mortgage" Dirk K. Felker <br />and Michelle L. Felker (hereinafter designated as the "Borrower "), dated November <br />22, 1999 recorded November 23, 1999 in (Deed of Trust/Mortgage) Book 99, Page <br />111223, of record in the Office of the County /Court Clerk for Hall County, <br />Nebraska, which was made to secure an indebtedness of $12,522.00. <br />The said Borrower has applied for a loan not to exceed the sum of $52,875.00 <br />secured by a Deed of Trust/Mortgage conveying said property to MIDFIRST BANK <br />(hereinafter designated as the "Lender"). (Said Deed of Trust/Mortgage will be filed of <br />record on the date of JE&1 ;6 Deed of Trust Book Awl Page <br />ip ). The said Lender has declined to make such a loan unless said <br />outstanding security shall be subordinated to said new loan and the Deed of <br />Trust/Mortgage securing it. <br />THEREFORE, in consideration of ONE ($1.00) DOLLAR, in hand paid by the <br />said Borrower to the Subordinator and in consideration of the consummation of said <br />loan in reliance upon this instrument, the Subordinator hereby waives and subordinates <br />all right, title or interest under said outstanding Deed of Trust/Mortgage above set forth, <br />or otherwise, in or to the property therein described, as against said loan to be so made <br />by the said Lender, so that the Deed of Trust/Mortgage to be executed by the said <br />Borrower to the said Lender shall convey title to said property superior to said <br />outstanding Deed of Trust/Mortgage of the Subordinator and superior to the <br />indebtedness thereby secured. <br />This Subordination Agreement shall be binding upon the successors, heirs and <br />assigns of the Subordinator, and shall operate to the benefit of the grantee in said Deed <br />of Trust/Mortgage, the successors, heirs and assigns of said grantee, and of any <br />purchaser at any foreclosure sale there under, and shall apply with like force and effect <br />to any renewal thereof. <br />The said outstanding Deed of Trust/Mortgage now held by the Subordinator shall <br />remain otherwise in full force and effect, the waiver and subordination herein provided <br />being limited in applications to the proposed loan herein set forth, or any renewal <br />thereof. <br />0 <br />N <br />0 <br />0 <br />r- <br />C=3 <br />N <br />CD <br />m <br />N <br />N <br />C1 <br />CD <br />Z <br />0 <br />�S <br />S'a <br />