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Lien Holder is the beneficiary/mortgagee under a deed of trust/mortgage, dated July 11, 2002 executed by Timothy L Salter and Terri D Salter (the 'Debtor ") which was recorded in the county of Hall, State of Nebraska, as Document No. 2002 -08388 on August 12, 2002 (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 Instmment (the "Property") - LOT 13, FLOCK 1, SOUTHERN ACRES 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 Instr unent will secure a promissory note/line of credit agreement in the amount of $97,600. Lien Holder has agreed to execute and deliver this Subordination Agreement. 9127101 ra�7 N n Vl L O rrl N x=: •�; _: S y T y z m O t x= N x= C d to m m z W N 3 A r+ y o r C F3 9 N y (J O .. 200306763 8pmenb"ve line for recording p�upoa 300325053160001 D SUBORDINATION AGREEMENT NOTICE: Thu subordination agreement resnlu in your aeuriey itdereslin the properly becoming e.*d to and .flower priority than the Hen of some Other or later Security oumunent This Agreement is made this 27th day of May 2003, by and between Wells Fargo Bank Nebraska 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 July 11, 2002 executed by Timothy L Salter and Terri D Salter (the 'Debtor ") which was recorded in the county of Hall, State of Nebraska, as Document No. 2002 -08388 on August 12, 2002 (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 Instmment (the "Property") - LOT 13, FLOCK 1, SOUTHERN ACRES 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 Instr unent will secure a promissory note/line of credit agreement in the amount of $97,600. Lien Holder has agreed to execute and deliver this Subordination Agreement. 9127101