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200207006
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200207006
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Last modified
10/15/2011 1:20:15 AM
Creation date
10/22/2005 8:58:54 PM
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DEEDS
Inst Number
200207006
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� <br />� <br />� n <br />� m <br />C) <br />x <br />C <br />w <br />s <br />b <br />A7 <br />M <br />T <br />n r- <br />Z <br />CO <br />D <br />n <br />x <br />M <br />n <br />7Z <br />n <br />D <br />x <br />1 <br />rn i. <br />c� <br />G <br />C h <br />r\) a -4 -+ <br />r � <br />r <br />o -* <br />r m <br />cn --- <br />crn cn <br />200207006 <br />SUBORDINATION AGREE E> _ <br />THIS AGREEMENT made and executed this day of �— 2002, by <br />FARM CREDIT SERVICES OF AMERICA, FLCA, eneficiary, and AgAMERICA FCB, <br />Trustee, hereinafter referred to as "Subordinating Party" (whether one or more), for the benefit of <br />CENTRAL PLATTE NATURAL RESOURCES DISTRICT, a Nebraska political subdivision, <br />hereinafter referred to as "Easement Holder ". <br />1: /MlZI�Y.y� M <br />Lam, <br />N <br />O <br />0 <br />N <br />O <br />0 <br />0 <br />m <br />rn <br />co <br />GAD <br />a <br />vs <br />co <br />h <br />C <br />cc <br />m <br />0 <br />� �D <br />WHEREAS, JOHN R. RATHMAN, a/k/a JOHN RATHMAN and DAYNA C. <br />RATHMAN, husband and wife, whether one or more, hereinafter referred to as "Obligor ", has <br />granted to the Subordinating Party a Deed of Trust in respect to tYtat rleal estate described as: <br />J�ee�me� ll.o, a2.COC.p�IrcctL RhbYYh. <br />East Half Southwest Quarter (E1 /2SW1/4) and Lot Three (3) on Island, In Section <br />One (1), Township Ten (10) North, Range Ten (10) West of the 6" P.M., Hall <br />County, Nebraska; <br />for the purpose of securing indebtedness therein described; <br />WHEREAS, the Easement Holder has acquired a Temporary Construction Easement, <br />Flood Protection Levee Easement and Flowage Easement from Obligor whereby certain funds <br />have been paid to the Obligor and for which the Easement Holder is to have unrestricted rights of <br />use for public purposes in respect to real estate which includes in part or in whole that collateral <br />in which the Subordinating Party claims an interest, hereinafter referred to as the "Subordinated <br />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 Temporary Construction <br />Easement, Flood Protection Levee Easement and Flowage Easement of record, whenever and <br />wherever filed, in order to assure the Easement Holder of the unrestricted right to utilize the <br />Subordinated Collateral for which good and valuable consideration has been paid by Easement <br />I Iolder to the Obligor; <br />NOW, TIIEREFORE, 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 602E -2 <br />
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