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<br />WHEN RECORDED MAIL TO
<br />Wells Fargo Bank, N. A.
<br />Attn: Subordination Department
<br />MAC: P6051-013
<br />18700 NW Walker Rd #92
<br />Beaverton, OR 97006 -2950
<br />Loan No. 003 -003- 2767171 -0001 ED SUBORDINATION AGREEMENT ALBUQ
<br />NOTICE: THIS SUBORDINATION AGREEMENT RESULTS IN YOUR SECURITY INTEREST IN THE
<br />PROPERTY BECOMING SUBJECT TO AND OF LOWER PRIORITY THAN THE LIEN OF SOME
<br />OTHER OR LATER SECURITY INSTRUMENT.
<br />This Subordination Agreement, made this September 6, 2002 by WELLS FARGO BANK
<br />NEBRASKA, N.A. (hereinafter referred to as "Beneficiary "), present owner and holder of the Deed of Trust
<br />and note first hereafter described, in favor of HOME FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br />GRAND ISLAND, it's successors and/or assigns (hereinafter referred to as "Lender ");
<br />WITNESSETH
<br />THAT WHEREAS, Kim Jay Fjeldheim And Wendy Corrine Fjeldheim, Husband And Wife As Joint
<br />Tenants (hereinafter referred to as "Owner ") did execute a Deed of Trust, dated May 28, 2002 to Wells
<br />Fargo Bank Nebraska, National Association, as Trustee, covering that certain real property described as
<br />follows:
<br />THE LEGAL DESCRIPTION IS ATTACHED HERETO ANDn MADE A PART HEREOF�1�'
<br />APN: 400348969 Lc+ 2$ �m +dc �icYes pmt �v�:Ifs"O" "q"' 6'� NptAS�Q
<br />To secure a note in the sum of $40,000.00, dated May 28, 2002, in favor of Wells Fargo Bank Nebraska,
<br />National Association, which Deed of Trust was recorded June 28, 2002, as 200206874, Official Records
<br />of Hall county. Through subsequent agreements with the Owner, either recorded or unrecorded, the
<br />current borrowing limit for said note has been amended to $40,000.00, and
<br />WHEREAS. Owner has executed, or is about to execute, a Deed of Trust or Mortgage (hereinafter
<br />referred to as "Lender's Security Instrument ") and note not to exceed the sum of $146,000.00, dated
<br />Ny5w%k 19, J OOa , in favor of Lender, payable with interest and upon the terms and conditions
<br />described therein, which Lender's Security Instrument is to be recorded concurrently herewith; and
<br />ReCLh -4eP as �eciia00a -04734
<br />WHEREAS, It is a condition precedent to obtaining said loan that said Lender's Security Instrument
<br />last above mentioned shall unconditionally be and remain at all times a lien or charge upon the land
<br />hereinbefore described, prior and superior to the lien or charge of the Deed of Trust first mentioned,
<br />Owner has requested Beneficiary to subordinate Beneficiary's lien to the lien about to be taken by the
<br />Lender; and
<br />WHEREAS, Lender is willing to make said loan provided the Lender's Security Instrument securing
<br />the same is a lien or charge upon the above described property prior and superior to the lien or charge of
<br />the Deed of Trust first above mentioned and provided that Beneficiary will specifically and unconditionally
<br />subordinate the lien or charge of the Deed of Trust first above mentioned to the lien or charge of the
<br />Lender's Security Instrument in favor of the Lender; and
<br />Page 7 of 3
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<br />200209465
<br />Loan No. 003 -003- 2767171 -0001 ED SUBORDINATION AGREEMENT ALBUQ
<br />NOTICE: THIS SUBORDINATION AGREEMENT RESULTS IN YOUR SECURITY INTEREST IN THE
<br />PROPERTY BECOMING SUBJECT TO AND OF LOWER PRIORITY THAN THE LIEN OF SOME
<br />OTHER OR LATER SECURITY INSTRUMENT.
<br />This Subordination Agreement, made this September 6, 2002 by WELLS FARGO BANK
<br />NEBRASKA, N.A. (hereinafter referred to as "Beneficiary "), present owner and holder of the Deed of Trust
<br />and note first hereafter described, in favor of HOME FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br />GRAND ISLAND, it's successors and/or assigns (hereinafter referred to as "Lender ");
<br />WITNESSETH
<br />THAT WHEREAS, Kim Jay Fjeldheim And Wendy Corrine Fjeldheim, Husband And Wife As Joint
<br />Tenants (hereinafter referred to as "Owner ") did execute a Deed of Trust, dated May 28, 2002 to Wells
<br />Fargo Bank Nebraska, National Association, as Trustee, covering that certain real property described as
<br />follows:
<br />THE LEGAL DESCRIPTION IS ATTACHED HERETO ANDn MADE A PART HEREOF�1�'
<br />APN: 400348969 Lc+ 2$ �m +dc �icYes pmt �v�:Ifs"O" "q"' 6'� NptAS�Q
<br />To secure a note in the sum of $40,000.00, dated May 28, 2002, in favor of Wells Fargo Bank Nebraska,
<br />National Association, which Deed of Trust was recorded June 28, 2002, as 200206874, Official Records
<br />of Hall county. Through subsequent agreements with the Owner, either recorded or unrecorded, the
<br />current borrowing limit for said note has been amended to $40,000.00, and
<br />WHEREAS. Owner has executed, or is about to execute, a Deed of Trust or Mortgage (hereinafter
<br />referred to as "Lender's Security Instrument ") and note not to exceed the sum of $146,000.00, dated
<br />Ny5w%k 19, J OOa , in favor of Lender, payable with interest and upon the terms and conditions
<br />described therein, which Lender's Security Instrument is to be recorded concurrently herewith; and
<br />ReCLh -4eP as �eciia00a -04734
<br />WHEREAS, It is a condition precedent to obtaining said loan that said Lender's Security Instrument
<br />last above mentioned shall unconditionally be and remain at all times a lien or charge upon the land
<br />hereinbefore described, prior and superior to the lien or charge of the Deed of Trust first mentioned,
<br />Owner has requested Beneficiary to subordinate Beneficiary's lien to the lien about to be taken by the
<br />Lender; and
<br />WHEREAS, Lender is willing to make said loan provided the Lender's Security Instrument securing
<br />the same is a lien or charge upon the above described property prior and superior to the lien or charge of
<br />the Deed of Trust first above mentioned and provided that Beneficiary will specifically and unconditionally
<br />subordinate the lien or charge of the Deed of Trust first above mentioned to the lien or charge of the
<br />Lender's Security Instrument in favor of the Lender; and
<br />Page 7 of 3
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