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<br />Mortgage Subordination Agreement
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<br />Mortgage Subordination Agreement
<br />77115 AGREEMENT is made this ... . day of .. JULY ..... ..............._............... I _ ... 89.99........ by
<br />.G. RANG. 191. AB. R. A. REA. H. 9. 4lSld.G.4.GRP.4RA719N ..... .... .......... .......("Subordinating Paty'l, whose address
<br />is 100E 15T.STREET, GRAND ISLAND. NE 68804 ..................... ............................... ............................and is
<br />bein ben to .W¢.64.8. F9RG.O..H.P.M�.MQR.T. GAG. E.. LN9�.._ ............................._................ ...............................
<br />a .. �A4PF.9.RNIA................. ... _. _...corporation ("Lender "),
<br />Recitals
<br />1. LENDER is making a mortgage loan (the "Loan ") to:
<br />BRUCE BROWN
<br />( "Burrower ") in connection with the acquisition or refinancing of certain premises with a property
<br />address of 1. 9. QS. N,. S. F, AI,. eSTRRRT ,...GRAB.9..ISI.AMV..Nb... 6909. 1 ....................................... ...............................
<br />which premises are more fully described in Exhibit A attached hereto and incorporated herein by
<br />reference rehce'(" pLertOyol. I,OT B I C Sr GEORGE LOANS SUBDIVISION TO THE CITY OF GRAND
<br />2. Burrower is the present owner of the Property or will at the time of the making of the
<br />Loan be the owner of the Property, and has executed or is about to execute a Mortgage /Deed of
<br />Trust in the sum of $. ...... ..5.9.QQQ- QQ. ... ..._._..dated 414146 .19,.8R92 ...... ........ .... I in favor of the LENDER.
<br />3. Subordinating Party is also making a mortgage loan to the Borrower in the amount of
<br />......................... ...............................
<br />Dollars ($....... ..24,509:90 ............... ....) in connection with the acquisition of the Property, or now owns
<br />or holds an interest as mortgagr:e of the Property pursuant to the provisions of that certain
<br />Mortgage /Deed of Trust dated 06/l2l]4r9.5 ............ . and recorded on A.01.1111995., .... , at Mortgage
<br />Book .................... . Page .! ........ ......... , as Document No.91. 0939. 95 .............................. in the office of the
<br />Recorder, County of HAM .... .---- .................................. State of . N9._ ..... ............. . ..._............................
<br />4. LENDER is willing to make such loan to Borrower provided that LENDER obtains a lust lien
<br />on the Property and Subordinating Party unconditionally subordinates the lien of its Mortgage /Deed of
<br />Trust to the lien in favor of LENDER in the manner hereinafter described.
<br />NOW, THEREFORE, in consideration of the sum of One Dollar ($Lull) and other good and valuable
<br />consideration, the receipt and sufficiency of which are hereby acknowledged by Subordinating Party,
<br />and to induce LENDER to make a loan to Borrower, Subordinating Party hereby agrees with
<br />LENDER that the Mortgage /Deed of Trust securing the Note in favor of LENDER, and any renewals,
<br />extensions or modifications of R, will be and shall remain alien on the Property prior and superior to
<br />the hen in favor of Subordinating Party in the same manner as if LENDER'S Mortgage /Deed of Trust
<br />has been executed and recorded prior in time to the execution and recordation of the Subordinating
<br />Party's Mortgage /Deed of Tmst.
<br />EM004L Rev. 02/13/02
<br />6) a.650�1-9� J
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<br />77115 AGREEMENT is made this ... . day of .. JULY ..... ..............._............... I _ ... 89.99........ by
<br />.G. RANG. 191. AB. R. A. REA. H. 9. 4lSld.G.4.GRP.4RA719N ..... .... .......... .......("Subordinating Paty'l, whose address
<br />is 100E 15T.STREET, GRAND ISLAND. NE 68804 ..................... ............................... ............................and is
<br />bein ben to .W¢.64.8. F9RG.O..H.P.M�.MQR.T. GAG. E.. LN9�.._ ............................._................ ...............................
<br />a .. �A4PF.9.RNIA................. ... _. _...corporation ("Lender "),
<br />Recitals
<br />1. LENDER is making a mortgage loan (the "Loan ") to:
<br />BRUCE BROWN
<br />( "Burrower ") in connection with the acquisition or refinancing of certain premises with a property
<br />address of 1. 9. QS. N,. S. F, AI,. eSTRRRT ,...GRAB.9..ISI.AMV..Nb... 6909. 1 ....................................... ...............................
<br />which premises are more fully described in Exhibit A attached hereto and incorporated herein by
<br />reference rehce'(" pLertOyol. I,OT B I C Sr GEORGE LOANS SUBDIVISION TO THE CITY OF GRAND
<br />2. Burrower is the present owner of the Property or will at the time of the making of the
<br />Loan be the owner of the Property, and has executed or is about to execute a Mortgage /Deed of
<br />Trust in the sum of $. ...... ..5.9.QQQ- QQ. ... ..._._..dated 414146 .19,.8R92 ...... ........ .... I in favor of the LENDER.
<br />3. Subordinating Party is also making a mortgage loan to the Borrower in the amount of
<br />......................... ...............................
<br />Dollars ($....... ..24,509:90 ............... ....) in connection with the acquisition of the Property, or now owns
<br />or holds an interest as mortgagr:e of the Property pursuant to the provisions of that certain
<br />Mortgage /Deed of Trust dated 06/l2l]4r9.5 ............ . and recorded on A.01.1111995., .... , at Mortgage
<br />Book .................... . Page .! ........ ......... , as Document No.91. 0939. 95 .............................. in the office of the
<br />Recorder, County of HAM .... .---- .................................. State of . N9._ ..... ............. . ..._............................
<br />4. LENDER is willing to make such loan to Borrower provided that LENDER obtains a lust lien
<br />on the Property and Subordinating Party unconditionally subordinates the lien of its Mortgage /Deed of
<br />Trust to the lien in favor of LENDER in the manner hereinafter described.
<br />NOW, THEREFORE, in consideration of the sum of One Dollar ($Lull) and other good and valuable
<br />consideration, the receipt and sufficiency of which are hereby acknowledged by Subordinating Party,
<br />and to induce LENDER to make a loan to Borrower, Subordinating Party hereby agrees with
<br />LENDER that the Mortgage /Deed of Trust securing the Note in favor of LENDER, and any renewals,
<br />extensions or modifications of R, will be and shall remain alien on the Property prior and superior to
<br />the hen in favor of Subordinating Party in the same manner as if LENDER'S Mortgage /Deed of Trust
<br />has been executed and recorded prior in time to the execution and recordation of the Subordinating
<br />Party's Mortgage /Deed of Tmst.
<br />EM004L Rev. 02/13/02
<br />6) a.650�1-9� J
<br />C+
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