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200410528
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Last modified
10/16/2011 10:27:23 PM
Creation date
10/21/2005 5:20:37 AM
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DEEDS
Inst Number
200410528
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200410528 <br />SUBORDINATION AGREEMENT <br />(Deed of Trust) <br />This Subordination Agreement ( "Agreement ") is made this 27th day of October, <br />2004 by and between Wells Fargo Bank, National Association, a national banking <br />association ( "Wells Fargo Bank ") and James P. Zana and Joy Y. Zana (the <br />"Creditor/Beneficiary"). <br />RECITALS <br />James Scott Zana and Reba Gail Stafford Zana (the `Borrower/Debtor "), gave a <br />deed of trust to the Creditor/Beneficiary, dated July 21, 1995, and recorded in the <br />Office of the Register of Deeds for Hall County, Nebraska on July 21, 1995 as <br />Document Number 95-104861 (the "Creditor Deed of Trust "), which constitutes a lien <br />on real property located in Hall County, Nebraska more particularly described herein <br />below (the "Property"): <br />Lot One (1), R & R Subdivision, Hall County, Nebraska <br />Wells Fargo Bank has now made or shall make a loan to benefit the <br />Borrower /Debtor in the amount of $675,000 also secured by a deed of trust on the <br />Property, dated October 27, 2004, and recorded in the Office of the Register of Deeds <br />for Hall County, Nebraska on On4o bex- a ?, ddb , as Document Number <br />ate[/ — 10,5d6 (the "Wells Fargo Bank Deed of Trust "). <br />Creditor /Beneficiary has agreed to execute and deliver this Agreement for the <br />purpose of subordinating its interest in the Property pursuant to the Creditor Deed of <br />Trust to the interest of Wells Fargo Bank in the Property pursuant to the Wells Fargo <br />Bank Deed of Trust. <br />AGREEMENT <br />NOW, THEREFORE, in consideration of the premises and as an inducement to <br />Wells Fargo Bank to accept the Wells Fargo Bank Deed of Trust, Wells Fargo Bank and <br />Creditor/Beneficiary agree as follows: <br />1. Creditor/Beneficiary agreed to subordinate, and hereby does subordinate, the lien <br />of the Creditor Deed of Trust in and against the Property to the lien of the Norwest <br />Deed of Trust in and against the Property. Creditor/Beneficiary agrees that the <br />Wells Fargo Bank Deed of Trust shall have the same validity, force and effect as if <br />executed, delivered, and recorded prior to the date of execution of the Creditor Deed <br />of Trust. <br />
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