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u n in p M n 1%1 vYi rvit s o �w rpa MidFirst �` x c mo 3 r v Bank N n c2 200302189SUBO I ATIO F OFTRUST m CD THIS AGREEMENT, made effective the 13th day of February, 2003 by and between MIDFIRST BANK (hereinafter referred z to ro the 'Lender") and COMMERCIAL FEDERAL BANK (hereinafter referred to as the "Creditor'). O WHEREAS, MicTirst Bank is the Holder of that certain Deed of Trust executed by KAYLYNN E. HAYES AND GREGORY E. HAYES filed of record in Hall County on January 22, 2003 as Instrument 60200300828. WHEREAS Gregory E. Hayes has applied to COMMERCIAL FEDERAL BANK for that certain from in the amount of $73,200.00 dated d -1 F- d(Z:.3 1.) The property is described as follows: LOT SEVEN (7), IN CAPIT,%L HEIGHTS SIXTH SUBDIVISION, HALL COUNTY,NEBRASKA AKA 4202 TEXAS AVENUE, GRAND ISLAND, NEBRASKA 68803 2) the Holder vow owns and holds the following Deed of [rust and the bond or note which it secures Deed of Trust dated January 2, 2003 made by Kaylnn E. Hayes and Gregory E. Hayes, wife and husband in the amount of $29,368.00 plus interest, and recorded as Instrument 40200300828 in the clerk office of Hall County, State of Nebraska. 3) The owner ofthe Property has executed and delivered a New Deed of trust to COMMERCIAL FEDERAL BANK to secure indebtedness in an amount of $73,200.00 plus interest, covering the property and recorded as Instrument B4m3 -6di88 ofthe records of Hall County, State of Nebraska. The property is more fully described in the New Deed of Trust. 4) The Creditor will not accept the New Deed of Trust unless the Existing Deed of Trust is Subordinated to the New Deed of Trust. In exchange for One Dollar ($1.00) and other good and valuable consideration and to induce Creditor to accept the New Deed of Trust, the Holder agrees to subordinate the lien ofthe Existing Deed of Trust to the lien ofthe New Deed offal 5) The Existing Deed of rest lien shall be subject, subordinated and inferior in priority to the Deed of Trust in the amount secured by the New Deed of trust, interest, and advances already paid and to be paid in the future under the New Deed of Trust Examples ofthe Advances are brokerage commissions, fees for making the loan. mortgage recording tax, documentary stamps, fee for examination of title and surveys. Advances may be paid without notice to Lender. The maximum amount ofthe lien ofthe existing Deed of Trust that is subordinated is the amount secured by the new Deed of Trust and interest. The Subordination Agreement shall apply to any extension, renewal or modification ofthe New Deed of Trust. This Agreement cannot be changed or ended except in writing signed by Holder and Creditor. 7) Ifthere is more than one Holder, each shall be separately liable, the words' Holder" and' Creditor' shall include their heirs, executors, administrators, successors and assigns. If there is more than one Holder or Creditor the words "Holder" and "Creditor used in this agreement includes there. Holder stales that Holder has read this Subordination Agreement, received a completed copy of this agreement and has signed this Subordination Agreement as ofthe day and year first above written. Witness this 13th day of February, 2003. p Holder/Beneficiary - ofthe note c 1' %' n 'llll /0 MidFirst Bank Sandra S. Bourgeois - Vice President Stale of Oklahoma Comly of Oklahoma The foregoing instrument was acknowledged before me on this 13th day of Februa , 2003 , by Sandra S. Morgans. Vice President of MidFirst Bank, a federally chartered savings association,,,,,, Public w - -E My commission expires: � s 2 �Prro'mn'r