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Deed Of Trust Subordination Agreement
<br />Account No. 80285213001
<br />This Agreement is made this 26th day of April, 2002, by and between U.S. Bank National
<br />Association ND ( "Bank ") and Principal Residential Mortgage, Inc ( "Refinancer').
<br />Bank is the beneficiary under a deed of trust (the " Junior Deed of Trust ") sated November 13, - --
<br />1998, granted by Barry Obermiller, a /k /a Barry Obermiller, a single person ( "Borrower "), and recorded in the °
<br />office of the Register of Deeds, Hall County, Nebraska, on January 25, 1999, as Instrument No. 99- 100851,
<br />a
<br />encumbering the real property described therein (collectively, the "Property "). Refinancer is the
<br />beneficiary under a deed of trust (the "Senior Deed of Trust ") dated
<br />fr9Ay "�fl r , 20t , granted by the Borrower, and recorded in the same
<br />office on -. aVR 1p 20 G 1 , as
<br />9 26x:1 ob 0(a5 , 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
<br />receipt and sufficiency of which are hereby acknowledged, Bank hereby agrees with Refinancer that the lien
<br />of the Junior Deed of Trust on the Property is and shall be and shall remain fully subordinate for all
<br />purposes to the lien of the Senior Deed of Trust on the Property, to the full extent of all sums from time to
<br />time secured by the Senior Deed of Trust; provided, however, that the total indebtedness secured by the
<br />Senior Deed of Trust does not exceed $58,609.00, exclusive of interest thereon, amounts advanced to
<br />protect the lien and priority of the Senior Deed of Trust, and costs of collection, and provide further, that this
<br />agreement shall not be effective until each other mortgage or other lien recorded against the property (other
<br />than the Senior Mortgage) and each judgment that is a lien against the Property shall be subordinated of
<br />record of the lien of the Senior Mortgage.
<br />Legal Description: See Attached Legal Description A.P.N.: 400183269
<br />Property Address: 610 Buffalo Lake Road, Ravenna NE 68832
<br />IN WITNESS THEREOF, this Subordination Agreement is executed on the day and year first above stated.
<br />Bank Name U.S. Bank National Association ND
<br />By: Pamela K. Lentz
<br />Title: Operations Officer
<br />STATE OF North Dakota )
<br />COUNTY OF Cass 1
<br />The foregoing instrument was acknowledged before me this 26th day of April, 2002, by (name)
<br />Pamela K. Lentz, 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 D. MILLEA i= `( \Lm C1l)
<br />Notar Pu61ic otary Public
<br />9fa[e of harth bekD4i
<br />M Commtsslon E Iran htAV 26, 2(q5
<br />I his instrument was arattecl by Lien Perfection, P.O. Box 2887, Fargo ND 58102
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<br />Deed Of Trust Subordination Agreement
<br />Account No. 80285213001
<br />This Agreement is made this 26th day of April, 2002, by and between U.S. Bank National
<br />Association ND ( "Bank ") and Principal Residential Mortgage, Inc ( "Refinancer').
<br />Bank is the beneficiary under a deed of trust (the " Junior Deed of Trust ") sated November 13, - --
<br />1998, granted by Barry Obermiller, a /k /a Barry Obermiller, a single person ( "Borrower "), and recorded in the °
<br />office of the Register of Deeds, Hall County, Nebraska, on January 25, 1999, as Instrument No. 99- 100851,
<br />a
<br />encumbering the real property described therein (collectively, the "Property "). Refinancer is the
<br />beneficiary under a deed of trust (the "Senior Deed of Trust ") dated
<br />fr9Ay "�fl r , 20t , granted by the Borrower, and recorded in the same
<br />office on -. aVR 1p 20 G 1 , as
<br />9 26x:1 ob 0(a5 , 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
<br />receipt and sufficiency of which are hereby acknowledged, Bank hereby agrees with Refinancer that the lien
<br />of the Junior Deed of Trust on the Property is and shall be and shall remain fully subordinate for all
<br />purposes to the lien of the Senior Deed of Trust on the Property, to the full extent of all sums from time to
<br />time secured by the Senior Deed of Trust; provided, however, that the total indebtedness secured by the
<br />Senior Deed of Trust does not exceed $58,609.00, exclusive of interest thereon, amounts advanced to
<br />protect the lien and priority of the Senior Deed of Trust, and costs of collection, and provide further, that this
<br />agreement shall not be effective until each other mortgage or other lien recorded against the property (other
<br />than the Senior Mortgage) and each judgment that is a lien against the Property shall be subordinated of
<br />record of the lien of the Senior Mortgage.
<br />Legal Description: See Attached Legal Description A.P.N.: 400183269
<br />Property Address: 610 Buffalo Lake Road, Ravenna NE 68832
<br />IN WITNESS THEREOF, this Subordination Agreement is executed on the day and year first above stated.
<br />Bank Name U.S. Bank National Association ND
<br />By: Pamela K. Lentz
<br />Title: Operations Officer
<br />STATE OF North Dakota )
<br />COUNTY OF Cass 1
<br />The foregoing instrument was acknowledged before me this 26th day of April, 2002, by (name)
<br />Pamela K. Lentz, 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 D. MILLEA i= `( \Lm C1l)
<br />Notar Pu61ic otary Public
<br />9fa[e of harth bekD4i
<br />M Commtsslon E Iran htAV 26, 2(q5
<br />I his instrument was arattecl by Lien Perfection, P.O. Box 2887, Fargo ND 58102
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