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T <br />x 1 I <br />q <br />t <br />SUBORDINATION AGREEMENT <br />^ WH RE S, on MAY 10 i 1999 <br />y 4 <br />(HUSBAND r WIFE AS JOINT TENANTS) <br />executed amortgage in favor of CITIFINANCIAL <br />3 <br />M 1 F /K /A COMMERCIAL CREDIT CORPORATION ( "Creditoe� <br />E\� � <br />W P encumbering the following described real property: <br />LOT SIX (6), BLOCK SEVEN (7), SCHIMMER'S ADDITION <br />N N CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA. <br />0 <br />which secured an original indebtedness in the am--t �f S 8,000-00 tied was recorded on <br />MAY 11. 1999 ,INST # 99- 104854 1 in the public records of <br />HALL County, State of NEBRASKA , <br />WHEREAS, thereafter on JULY 10 2002 Borrowers executed or will <br />(Date) <br />execute a certain mortgage in favor of CitiFinancial <br />( "CitiFinanciai ") securing an original indebtedness in the amount of S8 , 000.00 , which will be recorded in <br />the public records of HALL County, and which mortgage likewise eocumbers the above- <br />described property; <br />WHEREAS, CitiFinancial is not willing and will not make the loan desired by the Borrowers unless <br />CitiFinancial,s mortgage is aSECOND POSITIONnortgage prior indignity and in every respect to the aforesaid <br />mortgage of Creditor, <br />NOW, THEREFORE, in consideration of the sum of One Dollar (S 1.00) and other valuable consideration <br />to Creditor in hand paid, the receipt of which is hereby acknowledged, Creditor does hereby subordinate its <br />mortgage to the above- described mortgage in favor of CitiFiaancial and does hereby intend by this Agreement that <br />the mortgage in favor of CitiFinancial shall be a SECOND POSITIONnortgage lien prior in dignity to Creditor's <br />mortgage as herein described. <br />013 1 oft 9/20110 <br />O <br />O <br />y <br />lb <br />Z <br />W <br />N <br />cn <br />N <br />CJ <br />M <br />N <br />0 <br />which secured an original indebtedness in the am--t �f S 8,000-00 tied was recorded on <br />MAY 11. 1999 ,INST # 99- 104854 1 in the public records of <br />HALL County, State of NEBRASKA , <br />WHEREAS, thereafter on JULY 10 2002 Borrowers executed or will <br />(Date) <br />execute a certain mortgage in favor of CitiFinancial <br />( "CitiFinanciai ") securing an original indebtedness in the amount of S8 , 000.00 , which will be recorded in <br />the public records of HALL County, and which mortgage likewise eocumbers the above- <br />described property; <br />WHEREAS, CitiFinancial is not willing and will not make the loan desired by the Borrowers unless <br />CitiFinancial,s mortgage is aSECOND POSITIONnortgage prior indignity and in every respect to the aforesaid <br />mortgage of Creditor, <br />NOW, THEREFORE, in consideration of the sum of One Dollar (S 1.00) and other valuable consideration <br />to Creditor in hand paid, the receipt of which is hereby acknowledged, Creditor does hereby subordinate its <br />mortgage to the above- described mortgage in favor of CitiFiaancial and does hereby intend by this Agreement that <br />the mortgage in favor of CitiFinancial shall be a SECOND POSITIONnortgage lien prior in dignity to Creditor's <br />mortgage as herein described. <br />013 1 oft 9/20110 <br />