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Sent by: P &P- FUNDING <br />9723868804; 03/13/03 3:18PM;]etFex #86; Page 2 <br />Loan No.: 2273138 <br />Words used in this Agreement are defined below. Words in the singular mean and include the plural and vice versa. <br />"Borrower" is Join T. Dunn and Karol ina J. Dunn. `ado <br />G <br />"Lender" is principal Residential Mortgage, Inc. <br />and its successors or assigns. <br />"Loan" means the debt evidenced by the Note and all sums due under the Security Instrument. <br />"Note" means the promissory note in the original principal amount of $ 61, 764.00 signed by <br />Borrower in favor of Lender. <br />"Property" means the property commonly known as 308 E. 18th Street, Grand Island, NE <br />68801. <br />"Security Instrument" means the Deed of Trust/Mortgage/Security Deed/Security Instrument signed by Borrower in <br />favor of Lender, securing payment of the Note. <br />"Subordinating Lienholder" is City National Bank. <br />This Agreement is made and entered into this 12th day of March, 2003 , by <br />Subordinating Lienholder. <br />WITNESSETH: <br />WHEREAS, Lender as a condition precedent to the origination of the Loan to Borrower requires the <br />subordination of the lien held by Subordinating Lienholder; <br />WHEREAS, Subordinating Lienholder Agrees to subordinate its debt and lien on the Property; <br />NOW THRMFORE, in consideration of the Loan and other good and valuable consideration, the receipt and <br />sufficiency of which are hereby expressly aclatowledged, Subordinating Lienholder agrees to the following: <br />1. The Property subject to this Agreement is described as follows: <br />See Exhibit "A" <br />Subordination Agreement (Multistate) <br />THE COMPLIANCE SOURCE:, INC.— Page 1 of 2 03 08.M...0 .. .8.._9.. P . 10/01 <br />OmplinKe M1iMV8111111111 nn.. Y, <br />1 - e <br />f <br />4 <br />n C <br />m <br />n <br />m C//) <br />ti <br />c:> U) <br />rn <br />o <br />S <br />n n z <br />_ <br />o v <br />= D p <br />M (A <br />^ <br />-j <br />Z <br />(D <br />[/1 <br />= <br />l.- <br />rr, <br />CL <br />O <br />rn <br />CD <br />-n <br />=' <br />(.) <br />tp <br />n <br />N <br />O <br />rn <br />r D <br />CJl <br />fV <br />7eS <br />a� <br />V) <br />r* <br />co <br />SUBORDINATION <br />AGREEMENT <br />`� <br />o <br />Loan No.: 2273138 <br />Words used in this Agreement are defined below. Words in the singular mean and include the plural and vice versa. <br />"Borrower" is Join T. Dunn and Karol ina J. Dunn. `ado <br />G <br />"Lender" is principal Residential Mortgage, Inc. <br />and its successors or assigns. <br />"Loan" means the debt evidenced by the Note and all sums due under the Security Instrument. <br />"Note" means the promissory note in the original principal amount of $ 61, 764.00 signed by <br />Borrower in favor of Lender. <br />"Property" means the property commonly known as 308 E. 18th Street, Grand Island, NE <br />68801. <br />"Security Instrument" means the Deed of Trust/Mortgage/Security Deed/Security Instrument signed by Borrower in <br />favor of Lender, securing payment of the Note. <br />"Subordinating Lienholder" is City National Bank. <br />This Agreement is made and entered into this 12th day of March, 2003 , by <br />Subordinating Lienholder. <br />WITNESSETH: <br />WHEREAS, Lender as a condition precedent to the origination of the Loan to Borrower requires the <br />subordination of the lien held by Subordinating Lienholder; <br />WHEREAS, Subordinating Lienholder Agrees to subordinate its debt and lien on the Property; <br />NOW THRMFORE, in consideration of the Loan and other good and valuable consideration, the receipt and <br />sufficiency of which are hereby expressly aclatowledged, Subordinating Lienholder agrees to the following: <br />1. The Property subject to this Agreement is described as follows: <br />See Exhibit "A" <br />Subordination Agreement (Multistate) <br />THE COMPLIANCE SOURCE:, INC.— Page 1 of 2 03 08.M...0 .. .8.._9.. P . 10/01 <br />OmplinKe M1iMV8111111111 nn.. Y, <br />1 - e <br />f <br />4 <br />