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Lien Holder is the beneficiary/mortgagee under a deed of trust /mortgage, dated SEPTEMBER 7, 2001 executed by ERNEST J SCHIELE AND BEVERLY SCHIELE (the "Debtor ") which was recorded in the county of HALL, State of NEBRASKA, as DOC NO 200110243 on OCTOBER 11, 2001 (the "Subordinated Instrument ") covering real property located in GRAND ISLAND in the above -named county of HALL, State of NEBRASKA, as more particularly described in the Subordinated Instrument (the "Property"). LOT 11, BLOCK 4, IN DILL AND HUSTON'S ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA. Lender will make a loan to the Debtor secured by a deed of trust /mortgage on the Property which will be recorded (the "Lender Instrument "). The Lender Instrument will secure a promissory note/line of credit agreement in the amount of $52500.00. Lien Holder has agreed to execute and deliver this Subordination Agreement. 9/27/01 M m C ➢ N c n x ` o i N > W cr� Q 200302236 Space above one for feces ng purpose. U 00325738650001 /J-0 SUBORDINATION AGREEMENT NOTICE: This subordinat ion agreement results in year security baccest in the property becoming subject t* and *flower priority than the am of some other or later sceucrity insinm,ent This Agreement is made this 21day of FEBRUARY 2003, by and between Wells Fargo Bank NEBRASKA, N.A. a national bank with its headquarters located at 1919 DOUGLAS STREET, OMAHA, NE (herein called "Lien Holder "), and Wells Fargo Home Mortgage, Inc., with its main office located in the State of Iowa (herein called the "Lender "). RECITALS Lien Holder is the beneficiary/mortgagee under a deed of trust /mortgage, dated SEPTEMBER 7, 2001 executed by ERNEST J SCHIELE AND BEVERLY SCHIELE (the "Debtor ") which was recorded in the county of HALL, State of NEBRASKA, as DOC NO 200110243 on OCTOBER 11, 2001 (the "Subordinated Instrument ") covering real property located in GRAND ISLAND in the above -named county of HALL, State of NEBRASKA, as more particularly described in the Subordinated Instrument (the "Property"). LOT 11, BLOCK 4, IN DILL AND HUSTON'S ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA. Lender will make a loan to the Debtor secured by a deed of trust /mortgage on the Property which will be recorded (the "Lender Instrument "). The Lender Instrument will secure a promissory note/line of credit agreement in the amount of $52500.00. Lien Holder has agreed to execute and deliver this Subordination Agreement. 9/27/01