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Loan No. 003 -003- 2562243 -0001 DH SUBORDINATION AGREEMENT ALBUQ
<br />200200836
<br />NOTICE: THIS SUBORDINATION AGREEMENT RESULTS IN YOUR SECURITY INTEREST IN THE
<br />PROPERTY BECOMING SUBJECT TO AND OF LOWER PRIORITY THAN THE LIEN OF SOME
<br />OTHER OR LATER SECURITY INSTRUMENT.
<br />This Subordination Agreement, made this December 18, 2001 by WELLS FARGO BANK
<br />NEBRASKA, N.A. (hereinafter referred to as "Beneficiary`), present owner and holder of the Deed of Trust
<br />and note first hereafter described, in favor of HOME FEDERAL OF GRAND ISLAND, it's successors
<br />and /or assigns (hereinafter referred to as "Lender ");
<br />WITNESSETH
<br />THAT WHEREAS, Todd C. Enck And Kelly A. Enck, Husband And Wife, As Joint Tenants
<br />(hereinafter referred to as "Owner") did execute a Deed of Trust, dated August 22, 2001 to Wells Fargo
<br />Bank Nebraska, National Association, as Trustee, covering that certain real property described as follows:
<br />THE LEGAL DESCRIPTION IS ATTACHED HERETO AND MADE A PART HEREOF
<br />APN: 400392763
<br />To secure a note in the sum of $100,000.00, dated August 22, 2001, in favor of Wells Fargo Bank
<br />Nebraska, National Association, which Deed of Trust was recorded September 24, 2001, as DOCUMENT
<br />NO. 200109638, Official Records of Hall county. Through subsequent agreements with the Owner,
<br />either recorded or unrecorded, the current borrowing limit for said note has been amended to $40,000.00,
<br />and
<br />WHEREAS, Owner has executed, or is about to execute, a Deed of Trust or Mortgage (hereinafter
<br />referred to as "Lender's Security Instrument ") and note not to exceed the sum of $150,000.00, dated
<br />, in favor of Lender, payable with interest and upon the terms and conditions
<br />described therein, which Lender's Security Instrument is to be recorded concurrently herewith; and
<br />WHEREAS, It is a condition precedent to obtaining said loan that said Lender's Security Instrument
<br />last above mentioned shall unconditionally be and remain at all times a lien or charge upon the land
<br />hereinbefore described, prior and superior to the lien or charge of the Deed of Trust first mentioned,
<br />Owner has requested Beneficiary to subordinate Beneficiary's lien to the lien about to be taken by the
<br />Lender; and
<br />WHEREAS, Lender is willing to make said loan provided the Lender's Security Instrument securing
<br />the same is a lien or charge upon the above described property prior and superior to the lien or charge of
<br />the Deed of Trust first above mentioned and provided that Beneficiary will specifically and unconditionally
<br />subordinate the lien or charge of the Deed of Trust first above mentioned to the lien or charge of the
<br />Lender's Security Instrument in favor of the Lender; and
<br />Page 1 of 3
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<br />Loan No. 003 -003- 2562243 -0001 DH SUBORDINATION AGREEMENT ALBUQ
<br />200200836
<br />NOTICE: THIS SUBORDINATION AGREEMENT RESULTS IN YOUR SECURITY INTEREST IN THE
<br />PROPERTY BECOMING SUBJECT TO AND OF LOWER PRIORITY THAN THE LIEN OF SOME
<br />OTHER OR LATER SECURITY INSTRUMENT.
<br />This Subordination Agreement, made this December 18, 2001 by WELLS FARGO BANK
<br />NEBRASKA, N.A. (hereinafter referred to as "Beneficiary`), present owner and holder of the Deed of Trust
<br />and note first hereafter described, in favor of HOME FEDERAL OF GRAND ISLAND, it's successors
<br />and /or assigns (hereinafter referred to as "Lender ");
<br />WITNESSETH
<br />THAT WHEREAS, Todd C. Enck And Kelly A. Enck, Husband And Wife, As Joint Tenants
<br />(hereinafter referred to as "Owner") did execute a Deed of Trust, dated August 22, 2001 to Wells Fargo
<br />Bank Nebraska, National Association, as Trustee, covering that certain real property described as follows:
<br />THE LEGAL DESCRIPTION IS ATTACHED HERETO AND MADE A PART HEREOF
<br />APN: 400392763
<br />To secure a note in the sum of $100,000.00, dated August 22, 2001, in favor of Wells Fargo Bank
<br />Nebraska, National Association, which Deed of Trust was recorded September 24, 2001, as DOCUMENT
<br />NO. 200109638, Official Records of Hall county. Through subsequent agreements with the Owner,
<br />either recorded or unrecorded, the current borrowing limit for said note has been amended to $40,000.00,
<br />and
<br />WHEREAS, Owner has executed, or is about to execute, a Deed of Trust or Mortgage (hereinafter
<br />referred to as "Lender's Security Instrument ") and note not to exceed the sum of $150,000.00, dated
<br />, in favor of Lender, payable with interest and upon the terms and conditions
<br />described therein, which Lender's Security Instrument is to be recorded concurrently herewith; and
<br />WHEREAS, It is a condition precedent to obtaining said loan that said Lender's Security Instrument
<br />last above mentioned shall unconditionally be and remain at all times a lien or charge upon the land
<br />hereinbefore described, prior and superior to the lien or charge of the Deed of Trust first mentioned,
<br />Owner has requested Beneficiary to subordinate Beneficiary's lien to the lien about to be taken by the
<br />Lender; and
<br />WHEREAS, Lender is willing to make said loan provided the Lender's Security Instrument securing
<br />the same is a lien or charge upon the above described property prior and superior to the lien or charge of
<br />the Deed of Trust first above mentioned and provided that Beneficiary will specifically and unconditionally
<br />subordinate the lien or charge of the Deed of Trust first above mentioned to the lien or charge of the
<br />Lender's Security Instrument in favor of the Lender; and
<br />Page 1 of 3
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<br />Loan No. 003 -003- 2562243 -0001 DH SUBORDINATION AGREEMENT ALBUQ
<br />200200836
<br />NOTICE: THIS SUBORDINATION AGREEMENT RESULTS IN YOUR SECURITY INTEREST IN THE
<br />PROPERTY BECOMING SUBJECT TO AND OF LOWER PRIORITY THAN THE LIEN OF SOME
<br />OTHER OR LATER SECURITY INSTRUMENT.
<br />This Subordination Agreement, made this December 18, 2001 by WELLS FARGO BANK
<br />NEBRASKA, N.A. (hereinafter referred to as "Beneficiary`), present owner and holder of the Deed of Trust
<br />and note first hereafter described, in favor of HOME FEDERAL OF GRAND ISLAND, it's successors
<br />and /or assigns (hereinafter referred to as "Lender ");
<br />WITNESSETH
<br />THAT WHEREAS, Todd C. Enck And Kelly A. Enck, Husband And Wife, As Joint Tenants
<br />(hereinafter referred to as "Owner") did execute a Deed of Trust, dated August 22, 2001 to Wells Fargo
<br />Bank Nebraska, National Association, as Trustee, covering that certain real property described as follows:
<br />THE LEGAL DESCRIPTION IS ATTACHED HERETO AND MADE A PART HEREOF
<br />APN: 400392763
<br />To secure a note in the sum of $100,000.00, dated August 22, 2001, in favor of Wells Fargo Bank
<br />Nebraska, National Association, which Deed of Trust was recorded September 24, 2001, as DOCUMENT
<br />NO. 200109638, Official Records of Hall county. Through subsequent agreements with the Owner,
<br />either recorded or unrecorded, the current borrowing limit for said note has been amended to $40,000.00,
<br />and
<br />WHEREAS, Owner has executed, or is about to execute, a Deed of Trust or Mortgage (hereinafter
<br />referred to as "Lender's Security Instrument ") and note not to exceed the sum of $150,000.00, dated
<br />, in favor of Lender, payable with interest and upon the terms and conditions
<br />described therein, which Lender's Security Instrument is to be recorded concurrently herewith; and
<br />WHEREAS, It is a condition precedent to obtaining said loan that said Lender's Security Instrument
<br />last above mentioned shall unconditionally be and remain at all times a lien or charge upon the land
<br />hereinbefore described, prior and superior to the lien or charge of the Deed of Trust first mentioned,
<br />Owner has requested Beneficiary to subordinate Beneficiary's lien to the lien about to be taken by the
<br />Lender; and
<br />WHEREAS, Lender is willing to make said loan provided the Lender's Security Instrument securing
<br />the same is a lien or charge upon the above described property prior and superior to the lien or charge of
<br />the Deed of Trust first above mentioned and provided that Beneficiary will specifically and unconditionally
<br />subordinate the lien or charge of the Deed of Trust first above mentioned to the lien or charge of the
<br />Lender's Security Instrument in favor of the Lender; and
<br />Page 1 of 3
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