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200301415 <br />LOAN #: <br />(b) Lender is making disbursements pursuant to any such agreement is under no <br />obligation or duty to, nor had Lender represented that it will, see to the application of such <br />proceeds by the person or persons to whom the Lender disburses such proceeds and any <br />application or use of such proceeds for purposes other that those provided for in such agreement or <br />agreements shall not defeat the subordination herein made in whole or in part; <br />(c) He intentionally and unconditionally waives, relinquishes and subordinates the <br />lien first above mentioned in favor of the Gen or charge upon said land of the deed of trust in favor <br />of Lender above referred to and understands that in reliance upon, and in consideration of, this <br />waiver, relinquish and subordinate specific loans and advances are being made and, as part and <br />parcel thereof, specific monetary and other obligations me being and will be entered into which <br />would not be made or entered into but for said reliance upon this waiver, relinquish and <br />subordination; and <br />(d) An endorsement had been placed upon the lien first above mentioned that said <br />lien has by this instrument been subordinated to the deed of trust in favor of Lender above referred <br />to. <br />NOTICE: THIS SUBORDINATION AGREEMENT CONTAINS A PROVISION WHICH ALLOWS <br />THE PERSON OBLIGATED ON YOUR REAL PROPERTY SECURITY TO OBTAIN A LOAN A <br />PORTION OF WHICH MAY BE EXPENDED FOR OTHER PURPOSES THAN IMPROVEMENTS OF <br />THE LAND. <br />— HERITAGE SANK <br />Dir c or Uf Sales <br />State of Nebraska <br />County of Hall H�l �/{�. <br />all �� p <br />� Or) U Gie Chi <br />GENERAL NOTARY - Grate M Ne02sln <br />JACOUFLYN J. POLLACK <br />MyOOmm. F�. Juy 18.2005 <br />