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if a ti THIS AGREEMENT, made this 26th day of August , 2002, by Gary L Cooper and Jerry L. Cooper, owner of the land hereinafter described and hereinafter referred to as "Owner," and United Nebraska Bank, present owner and holder of the Deed of Trust and Note first and hereinafter described and hereinafter referred to as "Beneficiary;" WJTNESSETH: THAT, WHEREAS, Gary L Cooper and Jerry L. Cooper, husband and wife, did execute a Deed of Trust dated June 23, 2000, to United Nebraska Bank/Grand Island, United Nebraska Bank as Trustee, covering. LOT SIX (6), AMICK ACRES WEST SUBDIVISION, HALL COUNTY, NEBRASKA. to secure a Note in the sum of $28,360.18 dated August 29, 2001, in favor of United Nebraska Bank/Grand Island, which a Modification of Deed of Trust was filed September 24, 2001, as Document No. 200109635 in the Register of Deeds Office of Hall County; Nebraska and WHEREAS, Owner has executed, or is about to execute, a Deed of Trust and Note in the sum of $187,500.00, dated August 26, 2002, in favor of United Nebraska Bank, hereinafter referred to as "Lender," payable with interest and upon the terms and conditions described therein, which Deed of Trust is to be recorded concurrently herewith; and ReCUr�Je�y 4.S bxr ,,Cod -09160 IT 1S RECOMMENDED THAT, PRIOR TO THE EXECUTION OF THIS SUBORDINATION AGREEMENT, THE PARTIES CONSULT WITH THEIR ATTORNEYS WITH RESPECT THERETO. WHEREAS, it is a condition precedent to obtaining said loan that said Deed of Trust last above mentioned shall unconditionally be and remain at all times a lien or charge upon the land hereinbefore described, prior and superior to the lien or charge of the Deed of Trust first above mentioned; and WHEREAS, Lender is willing to make said loan, provided the Deed of Trust securing the same is a lien or charge upon the above- described property prior and superior to the lien or charge of the Deed of Trust first above mentioned and provided that Beneficiary will specifically and unconditionally subordinate the lien or charge of the Deed of Trust first above mentioned to the lien or charge of the deed of Trust in favor of Lender; and WHEREAS, it is to the mutual benefit of the parties hereto that Lender make such loan to Owner; and Beneficiary is willing that the Deed of Trust securing the same shall, when recorded constitute a lien or charge upon said land which is unconditionally prior and superior to the lien or charge of the Deed of Trust first above mentioned. NOW, TI- IEREFORE, in consideration of the mutual benefits accruing to the parties hereto and other valuable consideration, the receipt and sufficiency of which consideration is hereby acknowledged, and in order to induce Lender to make the loan above referred to, it is hereby declared, understood, and agreed as follows: 1) That said Deed of Trust securing said Note in favor of Lender, and any m n n z m x= o Peg m N \I � G O 0� � s m 200209161 SUBORDINATION AGREEMENT C NOTICE: THIS SUBORDINATION AGREEMENT RESULTS IN YOUR SECURITY �O • Sp INTEREST IN THE PROPERTY BECOMING SUBJECT TO AND OF LOWER PRIORITY THAN THE LIEN OF SOME OTHER OR LATER SECURITY INSTRUMENT. THIS AGREEMENT, made this 26th day of August , 2002, by Gary L Cooper and Jerry L. Cooper, owner of the land hereinafter described and hereinafter referred to as "Owner," and United Nebraska Bank, present owner and holder of the Deed of Trust and Note first and hereinafter described and hereinafter referred to as "Beneficiary;" WJTNESSETH: THAT, WHEREAS, Gary L Cooper and Jerry L. Cooper, husband and wife, did execute a Deed of Trust dated June 23, 2000, to United Nebraska Bank/Grand Island, United Nebraska Bank as Trustee, covering. LOT SIX (6), AMICK ACRES WEST SUBDIVISION, HALL COUNTY, NEBRASKA. to secure a Note in the sum of $28,360.18 dated August 29, 2001, in favor of United Nebraska Bank/Grand Island, which a Modification of Deed of Trust was filed September 24, 2001, as Document No. 200109635 in the Register of Deeds Office of Hall County; Nebraska and WHEREAS, Owner has executed, or is about to execute, a Deed of Trust and Note in the sum of $187,500.00, dated August 26, 2002, in favor of United Nebraska Bank, hereinafter referred to as "Lender," payable with interest and upon the terms and conditions described therein, which Deed of Trust is to be recorded concurrently herewith; and ReCUr�Je�y 4.S bxr ,,Cod -09160 IT 1S RECOMMENDED THAT, PRIOR TO THE EXECUTION OF THIS SUBORDINATION AGREEMENT, THE PARTIES CONSULT WITH THEIR ATTORNEYS WITH RESPECT THERETO. WHEREAS, it is a condition precedent to obtaining said loan that said Deed of Trust last above mentioned shall unconditionally be and remain at all times a lien or charge upon the land hereinbefore described, prior and superior to the lien or charge of the Deed of Trust first above mentioned; and WHEREAS, Lender is willing to make said loan, provided the Deed of Trust securing the same is a lien or charge upon the above- described property prior and superior to the lien or charge of the Deed of Trust first above mentioned and provided that Beneficiary will specifically and unconditionally subordinate the lien or charge of the Deed of Trust first above mentioned to the lien or charge of the deed of Trust in favor of Lender; and WHEREAS, it is to the mutual benefit of the parties hereto that Lender make such loan to Owner; and Beneficiary is willing that the Deed of Trust securing the same shall, when recorded constitute a lien or charge upon said land which is unconditionally prior and superior to the lien or charge of the Deed of Trust first above mentioned. NOW, TI- IEREFORE, in consideration of the mutual benefits accruing to the parties hereto and other valuable consideration, the receipt and sufficiency of which consideration is hereby acknowledged, and in order to induce Lender to make the loan above referred to, it is hereby declared, understood, and agreed as follows: 1) That said Deed of Trust securing said Note in favor of Lender, and any