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<br />200303'794
<br />Deed Of Trust Subordination Agreement
<br />Account No. 80035857098
<br />This Agreement is made this 23rd day of January, 2003, by and between U.S. Bank National
<br />Association ND ( "Bank ") and Washington Mutual bank FA ( "Refinancer ").
<br />Bank is the beneficiary under a deed of trust (the " Junior Deed of Trust") dated April 18, 2000,
<br />granted by Christopher M. Mayo and Janet M. Mayo, Husband and Wife ( "Borrower "), and recorded in the
<br />office of the Register of Deeds, Hall County, Nebraska, on May 12, 2000, as 200003864, encumbering the
<br />real property described therein (collectively, the "Property "). Refinancer is the beneficiary under a deed of
<br />trust (the "Senior Deed of Trust ") dated M o� r �N -� 7 , 206L_, granted by the
<br />Borrower, and record / d in the same office on Aa6 l 20 as
<br />37 %� encumbering the property. To induce Refinancer 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 $136,000, 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: LOT 8, JEFFREY OAKS THIRD SUBDIVISION, CITY OF GRAND ISLAND, HALL
<br />COUNTY, NEBRASKA.
<br />Property Address: 4022 Manchester Rd, Grand Island, NE 688031536
<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 />�J aqwj
<br />— M A By: Sherri J. Bernard
<br />Title: Operations Officer
<br />STATE OF _North Dakota
<br />COUNTY OF Cass
<br />The foregoing instrument was acknowledged before me this 23rd day of January, 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 />n
<br />RONOA A. 8. Ev p "�N Notary Public
<br />I, Otary Public
<br />Njorth Dakota
<br />M n ?!7?'r ,* '' rF �r �dCh 18, 2005
<br />This instrument was drafted by: Lien Perfection, P.O. Box 2687, Fargo ND 58102
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<br />This Agreement is made this 23rd day of January, 2003, by and between U.S. Bank National
<br />Association ND ( "Bank ") and Washington Mutual bank FA ( "Refinancer ").
<br />Bank is the beneficiary under a deed of trust (the " Junior Deed of Trust") dated April 18, 2000,
<br />granted by Christopher M. Mayo and Janet M. Mayo, Husband and Wife ( "Borrower "), and recorded in the
<br />office of the Register of Deeds, Hall County, Nebraska, on May 12, 2000, as 200003864, encumbering the
<br />real property described therein (collectively, the "Property "). Refinancer is the beneficiary under a deed of
<br />trust (the "Senior Deed of Trust ") dated M o� r �N -� 7 , 206L_, granted by the
<br />Borrower, and record / d in the same office on Aa6 l 20 as
<br />37 %� encumbering the property. To induce Refinancer 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 $136,000, 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: LOT 8, JEFFREY OAKS THIRD SUBDIVISION, CITY OF GRAND ISLAND, HALL
<br />COUNTY, NEBRASKA.
<br />Property Address: 4022 Manchester Rd, Grand Island, NE 688031536
<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 />�J aqwj
<br />— M A By: Sherri J. Bernard
<br />Title: Operations Officer
<br />STATE OF _North Dakota
<br />COUNTY OF Cass
<br />The foregoing instrument was acknowledged before me this 23rd day of January, 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 />n
<br />RONOA A. 8. Ev p "�N Notary Public
<br />I, Otary Public
<br />Njorth Dakota
<br />M n ?!7?'r ,* '' rF �r �dCh 18, 2005
<br />This instrument was drafted by: Lien Perfection, P.O. Box 2687, Fargo ND 58102
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