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200208220 2) That Lender would not make its loan above described without this Subordination Agreemcnt. 3) That this Agreement s'nnll be the w:iol; and only agrcement with regard to the subordination of ih;: lien or charge of the Deed of "Frost first above to the lien o:' charge of the Deed of Trust in favor of Lender above referred to and shall supersede and cancel, but only insofar as would affect the priority between the Deeds of Trust hereinbefore specifically described, any prior agreement as (o such subordination including, but not limited to, those provision, if any, contained it the Deed of Trust list above mentioned, which provide for the subordination of the lien or charge thereof to .mother Decd or Deeds of Trust or to another mortgage or mortgages. Beneficiary declares, agrees and acknowledges that: 1) I -Ie consents to and approves (i) of all provisions of the Note and Decd of Trust in favor of Lender above referred to, and (ii) all Agreements, including but not limited to any loan or escrow Agreements, between Owner and Lender for the disbursement of the proceeds of Lender's lo:u; 2) Lender in making disbu;semcnts p:rrsuuut to any such agreement is under no obligation or duty to, nor has Lander represented that it ,ill, see to the appiicaoon of s:.:ch proceeds by the person m persons to whom Lerida disbutscs such proceeds and any upplicatiou or use of such proceeds for purposes other than those provided for in such agrecmcnl or agreements shall not defeat the subordination hcrcio made in whole or in part; 3) IIe interConally and unconditiourdly waives, relinquishes and subordinaies the lien or charge of the Deed of Trust first above mentioned in favor of tltc lice or citurne upon said land of the Deed of Trust in favor of Leader above referred to and understands that in reliance upon, and in consideration of this waiver, relinquishment and subordination specific loans and advances are being and will be made and, as part and parcel thercof specific monetary and other obligations are being and will be entered into .vhich would not be mach or cnoered into but for said reliance upon ;his waiver, relinquishment and suhordination; and 4) An endon:ernent has been placed upon the Note secured by the Deed of Trust first ahovc mentioned that said Deed of Trust has by .his instrument been subordinated to the lien orcharnc of the Deed of Trust in favor of Lender "hove referred to. NOTICE: THIS SUBORDINATION AG'1EEMENT CONTAINS A PROVISION WHICH ALLOWS THE PERSON OBLIGATED ON YOUR REAL PROPERTY SECURITY TO OBTAIN A LOAN, A PORTION OF WHICH MAY BE EXPENDED FOR OTTER PURPOSES THrA�N IMPROVEMENT OF THE LAND. By dr�� i% r26'i7 e>� i STATE OF NEBRASKA) BEOA NOTARY -40 of MrW ss. TERESA L IAFLAN YP CwwL 0W SM. 2, 2005 COUNTY OF HALL ) Sworn ;red Subscribed to bei?ree.:;:c ❑.;t ;�� clay of 20(9- Nota:y Public