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UNILATERAL SUBORDINATION AGREEMENT C\Jl
<br />WHEREAS, the parties to this agreement are the old lender, namely The Platte �C J
<br />Valley State Bank & Trust Company hereinafter called LENDER #1; and the new lender,
<br />namely First National Bank of Omaha, its Successors and/or Assigns, hereinafter called
<br />LENDER #2 and MARK A. MILLER and RENEE J. MILLER, husband and wife,
<br />hereinafter called BORROWER,
<br />WHEREAS, BORROWER is the owner of the real estate hereinafter called
<br />PROPERTY which is described as:
<br />LOT SIXTEEN (16), IN WESTWOOD PARK FIFTH SUBDIVISION IN THE CITY OF
<br />GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />WHEREAS, BORROWER has executed a Note in a principal amount of $7,000.00
<br />secured by a Mortgage/Deed of Trust in favor of LENDER #1, covering the
<br />PROPERTY, recorded on August, 2004 in Book* on page in the
<br />office of the Register of Deeds of Hall County, Nebraska. c9C904 —0&0'119&
<br />WHEREAS, BORROWER will be executing or has executed a Note in a
<br />principal amount not to exceed $252,000.00, to be secured by a Mortgage/Deed of Trust
<br />in favor of LENDER #2, covering the PROPERTY, and to be recorded in the office of
<br />the Register of Deeds of Hall County, Nebraska. - 'd60H —O$dT7
<br />NOW THEREFORE, in consideration of $1.00 and other valuable
<br />consideration, receipt whereof is hereby acknowledge, LENDER #1 agrees to
<br />subordinate and does hereby subordinate its liens as shown and referred to above, to the
<br />lien of LENDER #2 as shown and referred to above, but only to the extent of the
<br />principal amount of the new lien as shown in the above paragraph, plus any accrued
<br />interest, taxes, insurance or costs advanced to protect its security.
<br />Dated this P%7t`6 day of 2004.
<br />Platte Valley State Bank& Trust Co.
<br />(LENDER #1)
<br />By:
<br />A Ad
<br />Cindy %49hlbach, Vice President
<br />STATE OF NEBRASKA )
<br />)SS:
<br />COUNTY OF BUFFALO )
<br />2004 b Cindy
<br />Acknowledged before me this � day of � Y Y
<br />Muhlbach, Vice President of Platte Valley State —BankK Trust Co. on behalf of said
<br />Corporation. ( 1 ''
<br />GENERAL NOTARY - State
<br />LAURA A. SAUER
<br />MY Comm. Exp, May 22, 2008 .
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<br />200408299
<br />UNILATERAL SUBORDINATION AGREEMENT C\Jl
<br />WHEREAS, the parties to this agreement are the old lender, namely The Platte �C J
<br />Valley State Bank & Trust Company hereinafter called LENDER #1; and the new lender,
<br />namely First National Bank of Omaha, its Successors and/or Assigns, hereinafter called
<br />LENDER #2 and MARK A. MILLER and RENEE J. MILLER, husband and wife,
<br />hereinafter called BORROWER,
<br />WHEREAS, BORROWER is the owner of the real estate hereinafter called
<br />PROPERTY which is described as:
<br />LOT SIXTEEN (16), IN WESTWOOD PARK FIFTH SUBDIVISION IN THE CITY OF
<br />GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />WHEREAS, BORROWER has executed a Note in a principal amount of $7,000.00
<br />secured by a Mortgage/Deed of Trust in favor of LENDER #1, covering the
<br />PROPERTY, recorded on August, 2004 in Book* on page in the
<br />office of the Register of Deeds of Hall County, Nebraska. c9C904 —0&0'119&
<br />WHEREAS, BORROWER will be executing or has executed a Note in a
<br />principal amount not to exceed $252,000.00, to be secured by a Mortgage/Deed of Trust
<br />in favor of LENDER #2, covering the PROPERTY, and to be recorded in the office of
<br />the Register of Deeds of Hall County, Nebraska. - 'd60H —O$dT7
<br />NOW THEREFORE, in consideration of $1.00 and other valuable
<br />consideration, receipt whereof is hereby acknowledge, LENDER #1 agrees to
<br />subordinate and does hereby subordinate its liens as shown and referred to above, to the
<br />lien of LENDER #2 as shown and referred to above, but only to the extent of the
<br />principal amount of the new lien as shown in the above paragraph, plus any accrued
<br />interest, taxes, insurance or costs advanced to protect its security.
<br />Dated this P%7t`6 day of 2004.
<br />Platte Valley State Bank& Trust Co.
<br />(LENDER #1)
<br />By:
<br />A Ad
<br />Cindy %49hlbach, Vice President
<br />STATE OF NEBRASKA )
<br />)SS:
<br />COUNTY OF BUFFALO )
<br />2004 b Cindy
<br />Acknowledged before me this � day of � Y Y
<br />Muhlbach, Vice President of Platte Valley State —BankK Trust Co. on behalf of said
<br />Corporation. ( 1 ''
<br />GENERAL NOTARY - State
<br />LAURA A. SAUER
<br />MY Comm. Exp, May 22, 2008 .
<br />
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