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<br />SUBORDINATION AGREEMENT fjl�\
<br />This agreement made this 23r° day of December, 2002, between Wells Fargo Financial Nebraska, Inc., (hereinafter " „ t
<br />referred to as subordinating creditor), and Principal Residential Mortgage (hereinafter referred to as favored creditor), -�
<br />That in consideration of subordinating creditor entering into this subordination agreement, favored creditor agrees
<br />to lend not to exceed $53,000.00 in accordance with that certain agreement between favored creditor and Lyle D. Casper
<br />and Carolyn J. Casper (debtor).
<br />In consideration of favored creditor making aforesaid loan to debtor, subordinating creditor agrees that the
<br />mortgage /dred of trust (hereafter "mortgage ") executed in its favor by debtor on May 17, 1999, and recorded on May 24,
<br />1999, in the mortgage records of hall County, State of Nebraska in Document No. 99- 105288, be subject, inferior, junior,
<br />secondary and subordinate to a mortgage which is executed by debtor in favor of favored creditor as security for the
<br />aforesaid loan, and that said mortgage and debt in favor of favored creditor shall have priority over said mortgage and debt
<br />in favor of subordinating creditor, with respect to the property legally to wit'
<br />LOT 24, WESTERN HEIGIl'IS, FOURTH SUBDIVISION IN THE CITY OF GRAND ISLAND, HALL COUNTY,
<br />NEBRASKA, ACCORDENU I0 THE RECORDED PLAT THEREOF.
<br />Provided, however, that this agreement to subordinate shall not extend to any advances made by favored creditor after the
<br />date of the loan described above (except that this subordination agreement shall extend to any future advances made for
<br />taxes and insurance to protect favored creditor's interest), and provided, however, that this Agreement is based upon
<br />favored creditor's representation that subordinating creditor will not be reduced to less than a second mortgage position by
<br />virtue of executing this Agreement
<br />Wells Fargo Financial Nebraska, Inc
<br />Her Norweat Financial Nebraska, Inc.
<br />Subordinating Creditor
<br />BY��4(.L(.e.� --r
<br />William F. Mack, Vice President
<br />STATE OF IOWA ) COUNTY OF POLK )
<br />The foregoing instrument was acknowledged before me this December 23, 2002, by William F. Mack, Vice President of
<br />Wells Fargo Financial Nebraska, Inc., a Nebraska corporation, on behalf of the corporation.. �y�
<br />ppaAt Q DENISE R. PROPps �}/� —�Lf/ '"'�j' /n�c,r� /'rr`.b'�!J^
<br />R COMMISSION NO. 708256 °��'�
<br />MY COMMISSION EXPIRES Notary Public
<br />• L" FEBRUARY 12 2004
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<br />Prepared by and rehnm to
<br />Deidre A. Messenger for
<br />Wells Fargo Financial Nebraska, Inc.
<br />2319 N. Webb Rd.
<br />Grand Island, NE 68803
<br />SUBORDINATION AGREEMENT fjl�\
<br />This agreement made this 23r° day of December, 2002, between Wells Fargo Financial Nebraska, Inc., (hereinafter " „ t
<br />referred to as subordinating creditor), and Principal Residential Mortgage (hereinafter referred to as favored creditor), -�
<br />That in consideration of subordinating creditor entering into this subordination agreement, favored creditor agrees
<br />to lend not to exceed $53,000.00 in accordance with that certain agreement between favored creditor and Lyle D. Casper
<br />and Carolyn J. Casper (debtor).
<br />In consideration of favored creditor making aforesaid loan to debtor, subordinating creditor agrees that the
<br />mortgage /dred of trust (hereafter "mortgage ") executed in its favor by debtor on May 17, 1999, and recorded on May 24,
<br />1999, in the mortgage records of hall County, State of Nebraska in Document No. 99- 105288, be subject, inferior, junior,
<br />secondary and subordinate to a mortgage which is executed by debtor in favor of favored creditor as security for the
<br />aforesaid loan, and that said mortgage and debt in favor of favored creditor shall have priority over said mortgage and debt
<br />in favor of subordinating creditor, with respect to the property legally to wit'
<br />LOT 24, WESTERN HEIGIl'IS, FOURTH SUBDIVISION IN THE CITY OF GRAND ISLAND, HALL COUNTY,
<br />NEBRASKA, ACCORDENU I0 THE RECORDED PLAT THEREOF.
<br />Provided, however, that this agreement to subordinate shall not extend to any advances made by favored creditor after the
<br />date of the loan described above (except that this subordination agreement shall extend to any future advances made for
<br />taxes and insurance to protect favored creditor's interest), and provided, however, that this Agreement is based upon
<br />favored creditor's representation that subordinating creditor will not be reduced to less than a second mortgage position by
<br />virtue of executing this Agreement
<br />Wells Fargo Financial Nebraska, Inc
<br />Her Norweat Financial Nebraska, Inc.
<br />Subordinating Creditor
<br />BY��4(.L(.e.� --r
<br />William F. Mack, Vice President
<br />STATE OF IOWA ) COUNTY OF POLK )
<br />The foregoing instrument was acknowledged before me this December 23, 2002, by William F. Mack, Vice President of
<br />Wells Fargo Financial Nebraska, Inc., a Nebraska corporation, on behalf of the corporation.. �y�
<br />ppaAt Q DENISE R. PROPps �}/� —�Lf/ '"'�j' /n�c,r� /'rr`.b'�!J^
<br />R COMMISSION NO. 708256 °��'�
<br />MY COMMISSION EXPIRES Notary Public
<br />• L" FEBRUARY 12 2004
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<br />SUBORDINATION AGREEMENT fjl�\
<br />This agreement made this 23r° day of December, 2002, between Wells Fargo Financial Nebraska, Inc., (hereinafter " „ t
<br />referred to as subordinating creditor), and Principal Residential Mortgage (hereinafter referred to as favored creditor), -�
<br />That in consideration of subordinating creditor entering into this subordination agreement, favored creditor agrees
<br />to lend not to exceed $53,000.00 in accordance with that certain agreement between favored creditor and Lyle D. Casper
<br />and Carolyn J. Casper (debtor).
<br />In consideration of favored creditor making aforesaid loan to debtor, subordinating creditor agrees that the
<br />mortgage /dred of trust (hereafter "mortgage ") executed in its favor by debtor on May 17, 1999, and recorded on May 24,
<br />1999, in the mortgage records of hall County, State of Nebraska in Document No. 99- 105288, be subject, inferior, junior,
<br />secondary and subordinate to a mortgage which is executed by debtor in favor of favored creditor as security for the
<br />aforesaid loan, and that said mortgage and debt in favor of favored creditor shall have priority over said mortgage and debt
<br />in favor of subordinating creditor, with respect to the property legally to wit'
<br />LOT 24, WESTERN HEIGIl'IS, FOURTH SUBDIVISION IN THE CITY OF GRAND ISLAND, HALL COUNTY,
<br />NEBRASKA, ACCORDENU I0 THE RECORDED PLAT THEREOF.
<br />Provided, however, that this agreement to subordinate shall not extend to any advances made by favored creditor after the
<br />date of the loan described above (except that this subordination agreement shall extend to any future advances made for
<br />taxes and insurance to protect favored creditor's interest), and provided, however, that this Agreement is based upon
<br />favored creditor's representation that subordinating creditor will not be reduced to less than a second mortgage position by
<br />virtue of executing this Agreement
<br />Wells Fargo Financial Nebraska, Inc
<br />Her Norweat Financial Nebraska, Inc.
<br />Subordinating Creditor
<br />BY��4(.L(.e.� --r
<br />William F. Mack, Vice President
<br />STATE OF IOWA ) COUNTY OF POLK )
<br />The foregoing instrument was acknowledged before me this December 23, 2002, by William F. Mack, Vice President of
<br />Wells Fargo Financial Nebraska, Inc., a Nebraska corporation, on behalf of the corporation.. �y�
<br />ppaAt Q DENISE R. PROPps �}/� —�Lf/ '"'�j' /n�c,r� /'rr`.b'�!J^
<br />R COMMISSION NO. 708256 °��'�
<br />MY COMMISSION EXPIRES Notary Public
<br />• L" FEBRUARY 12 2004
<br />D.Cli l 5 ?_ /� r i
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