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PO <br />c m H <br />2 o m <br />- <br />R+ <br />3 r in <br />r 200302476 N <br />m u <br />m Deed Of Trust Subordination Agreement <br />Account No. 80805650532 <br />n <br />In This Agreement is made this 5th day of February, 2003, by and between U.S. Bank National <br />N Association ND ( "Bank ") and U.S. Bank N.A. ( "Refinancer"). <br />Bank is the beneficiary under a deed of trust (the "Junior Deed of Trust") dated August 21, 1997, <br />granted by James E. Benson and Virginia G. Benson, Husband and Wife ( "Borrower'), and recorded in the <br />office of the Register of Deeds, Hall County, Nebraska, on September 22, 1997, as 97107831, encumbering <br />the real property described therein (collective) the "Property"). Refnancer is the beneficiary under a deed <br />of trust (the "Senior Deed of Trust ") dated i,btu lia.._ , 20_JJ�, granted by <br />the Borrower, and r ded in the same office on �(] dA. L _ .� 20�, as <br />r-wo �7.`1 encumbering the property. To induce Refnancer to make a <br />loan to the Borrower secured by the Senior Deed of Trust, Bank has agreed to execute and deliver this <br />Subordination Agreement. <br />ACCORDINGLY, in consideration of the premises and for other good and valuable consideration, the receipt <br />and sufficiency of which are hereby acknowledged, Bank hereby agrees with Refinancer that the lien of the <br />Junior Deed of Trust on the Property is and shall be and shall remain fully subordinate for all purposes to the <br />lien of the Senior Deed of Trust on the Property, to the full extent of all sums from time to time secured by <br />the Senior Deed of Trust; provided, however, that the total indebtedness secured by the Senior Deed of <br />Trust does not exceed $69,900, exclusive of interest thereon, amounts advanced to protect the lien and <br />priority of the Senior Deed of Trust, and costs of collection, and provided further, that this agreement shall <br />not be effective until each other mortgage or other lien recorded against the property (other than the Senior <br />Mortgage) and each judgment that is a lien against the Property shall be subordinated of record of the lien of <br />the Senior Mortgage. <br />Legal Description: CAPITAL HEIGHTS SUBDIVISION LOT 4, BLOCK 2 <br />Property Address: 4244 Pennsylvania Ave, Grand Island, NE 688031406 <br />IN WITNESS THEREOF, this Subordination Agreement is executed on the day and year first above stated. <br />Bank Name U.S. Bank National Association ND <br />�iun 0�1�11� <br />By: Sherri J. Bernard <br />Title: Operations Officer <br />STATE OF _North Dakota ) <br />COUNTY OF Cass ) <br />0 <br />N <br />0 <br />w <br />O <br />N <br />1 <br />The foregoing instrument was acknowledged before me this 5th day of February, 2003, by (name) <br />Sherri J. Bernard, the (title) Operations Officer of (bank name) U.S. Bank National Association ND a national <br />banking association, on behalf of the association. <br />PATTI D. MILLER <br />Notary Public <br />Slate m Ono Dakota LM Canmission Ex.. MAY N, 2(10 \ 6 rY public <br />TMs InslrumeM wec tl2fletl by: Li.. ftft b.n, V.O. B..2687, F.,. No 58101 <br />Rn <br />J <br />