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<br />Deed Of Trust Subordination Agreement
<br />Account No. 80812701001
<br />200201428
<br />This Agreement is made this 19th day of January, 2002, by and between U.S. Bank National
<br />Association ND ('Bank ") and U.S. Bank, N.A. ( "Refinancer ").
<br />Bank is the beneficiary under a deed of trust (the " Junior Deed of Trust") dated November 17,
<br />1999, granted by Gary L. Schumacher and Brenda F. Schumacher, husband and wife ('Borrower "), and
<br />recorded in the office of the Register of Deeds, Hall County, Nebraska, on December 17, 1999, as Document
<br />No. 99 111872, encumbering the real property described therein (collectively, the 'Property "). Refinancer
<br />is the beneficiary under a deed of trust (the "Senior Deed of Trust ") dated
<br />/-,30 , 200. , granted by the Borrower, and recorded in the same
<br />office on re-1 rkar�) S, 20��, as
<br />000a - Dlya2 , 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 $70,050.00, exclusive of interest thereon, amounts advanced to protect the lien and
<br />priority of the Senior Deed of Trust, and costs of collection, and provide further, that this agreement shall not
<br />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 2, Adams Way Subdivision, City of Grand Island, Hall County, Nebraska
<br />Property Address: 4059 Cannon Road, Grand Island, NE 688031514
<br />IN WITNESS THEREOF, this Subordination Agreement is executed on the day and year first above stated.
<br />Bank Name U.S. Bonk National Association ND
<br />By A Kotula i J
<br />Title: O rations Officer
<br />- 1 •..
<br />STATE OF _North Dakota )
<br />COUNTY
<br />The foregoing instrument was acknowledged before me this 19th day of January, 2002, by (name)
<br />Amy M. Kotula, the (title) Operations Officer of (bank name) U.S. Bank National Association ND a national
<br />banking association, on behalf of the association.
<br />PATTI MILLER Notary Public
<br />Notary Public
<br />State of North Dakota
<br />M Cif ornmisskm Expires MAV 24, 2005
<br />This instrument was drafted by Lien Perfection, P.O. Box 2887, Fargo ND 58102
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<br />Deed Of Trust Subordination Agreement
<br />Account No. 80812701001
<br />200201428
<br />This Agreement is made this 19th day of January, 2002, by and between U.S. Bank National
<br />Association ND ('Bank ") and U.S. Bank, N.A. ( "Refinancer ").
<br />Bank is the beneficiary under a deed of trust (the " Junior Deed of Trust") dated November 17,
<br />1999, granted by Gary L. Schumacher and Brenda F. Schumacher, husband and wife ('Borrower "), and
<br />recorded in the office of the Register of Deeds, Hall County, Nebraska, on December 17, 1999, as Document
<br />No. 99 111872, encumbering the real property described therein (collectively, the 'Property "). Refinancer
<br />is the beneficiary under a deed of trust (the "Senior Deed of Trust ") dated
<br />/-,30 , 200. , granted by the Borrower, and recorded in the same
<br />office on re-1 rkar�) S, 20��, as
<br />000a - Dlya2 , 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 $70,050.00, exclusive of interest thereon, amounts advanced to protect the lien and
<br />priority of the Senior Deed of Trust, and costs of collection, and provide further, that this agreement shall not
<br />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 2, Adams Way Subdivision, City of Grand Island, Hall County, Nebraska
<br />Property Address: 4059 Cannon Road, Grand Island, NE 688031514
<br />IN WITNESS THEREOF, this Subordination Agreement is executed on the day and year first above stated.
<br />Bank Name U.S. Bonk National Association ND
<br />By A Kotula i J
<br />Title: O rations Officer
<br />- 1 •..
<br />STATE OF _North Dakota )
<br />COUNTY
<br />The foregoing instrument was acknowledged before me this 19th day of January, 2002, by (name)
<br />Amy M. Kotula, the (title) Operations Officer of (bank name) U.S. Bank National Association ND a national
<br />banking association, on behalf of the association.
<br />PATTI MILLER Notary Public
<br />Notary Public
<br />State of North Dakota
<br />M Cif ornmisskm Expires MAV 24, 2005
<br />This instrument was drafted by Lien Perfection, P.O. Box 2887, Fargo ND 58102
<br />
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