|
WHEREAS, HARLON L. KENYON and CAROL KENYON, husband and wife,
<br />whether one or more, hereinafter referred to as "Obligor ", has granted to the Subordinating Party
<br />a Deed of Trust in respect to that real estate described as:
<br />The Sl /2SW1 /4NW1 /4 and S 1/2SE 1/4NW 1/4 of Section Two (2), Township Ten
<br />(10) North, Range Ten (10) West of the 6 "' P.M., Hall County, Nebraska; and
<br />The N1 /2SW1A of Section 2, Township Ten (10) North, Range Ten (10) West of
<br />the 6`" P.M., Hall County, Nebraska;
<br />for the purpose of securing indebtedness therein described;
<br />WHEREAS, the Easement Holder has acquired a Flood Protection Levee Easement from
<br />Obligor whereby certain funds have been paid to the Obligor and for which the Easement Holder
<br />is to have unrestricted rights of use for public purposes in respect to real estate which includes in
<br />part or in whole that collateral in which the Subordinating Party claims an interest, hereinafter
<br />referred to as the "Subordinated Collateral ": and
<br />WHEREAS, the Subordinating Party is willing to subordinate any lien it may now or
<br />hereafter have in respect to the Subordinated Collateral by reason of the Flood Protection Levee
<br />Easement of record, whenever and wherever icd, in order to assure the Easement Holder of the
<br />unrestricted right to utilize the Subordinated Collateral for which good and valuable
<br />consideration has been paid by Easement Holder to the Obligor;
<br />NOW, THEREFORE, it is agreed:
<br />1. The Subordinating Party hereby consents to a subordination of its priority position to
<br />the Easement Holder and agrees that Subordinating Party's liens in respect to the Deed of Trust
<br />hereinabove described, if any, shall at all times be secondary to the extent herein provided and
<br />subject to the unrestricted right of use by the Easement Holder in respect to the Subordinated
<br />Collateral described as:
<br />TRACT 706E -I
<br />s v
<br />n
<br />i D Z q D
<br />C7 9 - z
<br />N
<br />A
<br />-tom
<br />Cn N m a -1 fT'
<br />-c
<br />3fl O
<br />p
<br />CEO
<br />�
<br />T+ s rn
<br />CO2
<br />`lv
<br />o r- n
<br />cn
<br />=z
<br />c
<br />_
<br />_
<br />200205335 CID
<br />CD
<br />C/3
<br />co
<br />C2
<br />f\
<br />SUBORDINATION AGREEMENT
<br />hr�
<br />c
<br />THIS AGREEMENT made and executed this 13thday of May 2002, by
<br />FARM CREDIT SERVICES OF AMERICA, FLCA, Beneficiary, and AgAMERICA FCB,
<br />4
<br />Trustee, hereinafter referred to as "Subordinating Party" (whether one or more), for the benefit of
<br />G.
<br />CENTRAL PLATTE NATURAL RESOURCES DISTRICT, a Nebraska political subdivision,
<br />"Easement ".
<br />hereinafter referred to as Holder
<br />�^
<br />J J
<br />WITNESSETH:
<br />WHEREAS, HARLON L. KENYON and CAROL KENYON, husband and wife,
<br />whether one or more, hereinafter referred to as "Obligor ", has granted to the Subordinating Party
<br />a Deed of Trust in respect to that real estate described as:
<br />The Sl /2SW1 /4NW1 /4 and S 1/2SE 1/4NW 1/4 of Section Two (2), Township Ten
<br />(10) North, Range Ten (10) West of the 6 "' P.M., Hall County, Nebraska; and
<br />The N1 /2SW1A of Section 2, Township Ten (10) North, Range Ten (10) West of
<br />the 6`" P.M., Hall County, Nebraska;
<br />for the purpose of securing indebtedness therein described;
<br />WHEREAS, the Easement Holder has acquired a Flood Protection Levee Easement from
<br />Obligor whereby certain funds have been paid to the Obligor and for which the Easement Holder
<br />is to have unrestricted rights of use for public purposes in respect to real estate which includes in
<br />part or in whole that collateral in which the Subordinating Party claims an interest, hereinafter
<br />referred to as the "Subordinated Collateral ": and
<br />WHEREAS, the Subordinating Party is willing to subordinate any lien it may now or
<br />hereafter have in respect to the Subordinated Collateral by reason of the Flood Protection Levee
<br />Easement of record, whenever and wherever icd, in order to assure the Easement Holder of the
<br />unrestricted right to utilize the Subordinated Collateral for which good and valuable
<br />consideration has been paid by Easement Holder to the Obligor;
<br />NOW, THEREFORE, it is agreed:
<br />1. The Subordinating Party hereby consents to a subordination of its priority position to
<br />the Easement Holder and agrees that Subordinating Party's liens in respect to the Deed of Trust
<br />hereinabove described, if any, shall at all times be secondary to the extent herein provided and
<br />subject to the unrestricted right of use by the Easement Holder in respect to the Subordinated
<br />Collateral described as:
<br />TRACT 706E -I
<br />
|