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<br />INSTRUMENT
<br />THIS AGREEMENT, made this 26th day of August , 2002, by Gary L Cooper
<br />and Jerry L. Cooper, owner of the land hereinafter described and hereinafter referred to as
<br />"Owner," and United Nebraska Bank, present owner and holder of the Deed of Trust and
<br />Note first and hereinafter described and hereinafter referred to as 'Beneficiary;"
<br />WITNESSETH:
<br />THAT, WHEREAS, Gary L Cooper and Jerry L. Cooper, husband and wife, did
<br />execute a Deed of Trust dated June 23, 2000 to United Nebraska Bank/Grand Island,
<br />United Nebraska Bank as Trustee, covering: corded June 29, 2000 as Document No.
<br />200005323
<br />LOT SIX (6), AMICK ACRES WEST SUBDIVISION, HALL COUNTY, NEBRASKA.
<br />to secure a Note in the sum of $28,360.18 dated August 29, 2001, in favor of United
<br />Nebraska Bank/Grand Island, which a Modification of Deed of Trust was filed
<br />September 24, 2001, as Document No. 200109635 in the Register of Deeds Office of
<br />Hall County; Nebraska and
<br />WHEREAS, Owner has executed, or is about to execute, a Deed of Trust and
<br />Note in the sum of $187,500.00, dated August 26, 2002, in favor of United Nebraska
<br />Bank, hereinafter referred to as "Lender," payable with interest and upon the terms and
<br />conditions described therein, which Deed of Trust is to be recorded concurrently
<br />herewith;and perr_sQec9 4S � aet a -09/60
<br />IT IS RECOMMENDED THAT, PRIOR TO THE EXECUTION OF THIS
<br />SUBORDINATION AGREF,MF.NT, THE PARTIES CONSULT WITH THEIR
<br />ATTORNEYS WITH RESPECT THERETO.
<br />WHEREAS, it is a condition precedent to obtaining said loan that said Deed of
<br />Trust last above mentioned shall unconditionally be and remain at all times a lien or
<br />charge upon the land hereinbefore described, prior and superior to the lien or charge of
<br />the Deed of Trust first above mentioned; and
<br />WHEREAS, Lender is willing to make said loan, provided the Deed of Trust
<br />securing the same is a lien or charge upon the above- described property prior and
<br />superior to the lien or charge of the Deed of Trust first above mentioned and provided
<br />that Beneficiary will specifically and unconditionally subordinate the lien or charge of the
<br />Deed of Trust first above mentioned to the lien or charge of the deed of Trust in favor of
<br />Lender, and
<br />WHEREAS, it is to the mutual benefit of the parties hereto that Lender make such
<br />loan to Owner; and Beneficiary is willing that the Deed of Trust securing the same shall,
<br />when recorded constitute a lien or charge upon said land which is unconditionally prior
<br />and superior to the lien or charge of the Deed of Trust first above mentioned.
<br />NOW, THEREFORE, in consideration of the mutual benefits accruing to the
<br />parties hereto and other valuable consideration, the receipt and sufficiency of which
<br />consideration is hereby acknowledged, and in order to induce Lender to make the loan
<br />above referred to, it is hereby declared, understood, and agreed as follows:
<br />I That said Deed of Trust securing said Note in favor of Lender, and any
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<br />SUBORDINATION AGREEMENT
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<br />NOTICE: THIS SUBORDINATION AGREEMENT RESULTS IN YOUR SECURITY
<br />/0,-570
<br />INTEREST IN THE
<br />PROPERTY
<br />BECOMING SUBJECT
<br />TO AND OF
<br />LOWER
<br />PRIORITY THAN THE LIEN
<br />OF SOME OTHER OR LATER SECURITY
<br />INSTRUMENT
<br />THIS AGREEMENT, made this 26th day of August , 2002, by Gary L Cooper
<br />and Jerry L. Cooper, owner of the land hereinafter described and hereinafter referred to as
<br />"Owner," and United Nebraska Bank, present owner and holder of the Deed of Trust and
<br />Note first and hereinafter described and hereinafter referred to as 'Beneficiary;"
<br />WITNESSETH:
<br />THAT, WHEREAS, Gary L Cooper and Jerry L. Cooper, husband and wife, did
<br />execute a Deed of Trust dated June 23, 2000 to United Nebraska Bank/Grand Island,
<br />United Nebraska Bank as Trustee, covering: corded June 29, 2000 as Document No.
<br />200005323
<br />LOT SIX (6), AMICK ACRES WEST SUBDIVISION, HALL COUNTY, NEBRASKA.
<br />to secure a Note in the sum of $28,360.18 dated August 29, 2001, in favor of United
<br />Nebraska Bank/Grand Island, which a Modification of Deed of Trust was filed
<br />September 24, 2001, as Document No. 200109635 in the Register of Deeds Office of
<br />Hall County; Nebraska and
<br />WHEREAS, Owner has executed, or is about to execute, a Deed of Trust and
<br />Note in the sum of $187,500.00, dated August 26, 2002, in favor of United Nebraska
<br />Bank, hereinafter referred to as "Lender," payable with interest and upon the terms and
<br />conditions described therein, which Deed of Trust is to be recorded concurrently
<br />herewith;and perr_sQec9 4S � aet a -09/60
<br />IT IS RECOMMENDED THAT, PRIOR TO THE EXECUTION OF THIS
<br />SUBORDINATION AGREF,MF.NT, THE PARTIES CONSULT WITH THEIR
<br />ATTORNEYS WITH RESPECT THERETO.
<br />WHEREAS, it is a condition precedent to obtaining said loan that said Deed of
<br />Trust last above mentioned shall unconditionally be and remain at all times a lien or
<br />charge upon the land hereinbefore described, prior and superior to the lien or charge of
<br />the Deed of Trust first above mentioned; and
<br />WHEREAS, Lender is willing to make said loan, provided the Deed of Trust
<br />securing the same is a lien or charge upon the above- described property prior and
<br />superior to the lien or charge of the Deed of Trust first above mentioned and provided
<br />that Beneficiary will specifically and unconditionally subordinate the lien or charge of the
<br />Deed of Trust first above mentioned to the lien or charge of the deed of Trust in favor of
<br />Lender, and
<br />WHEREAS, it is to the mutual benefit of the parties hereto that Lender make such
<br />loan to Owner; and Beneficiary is willing that the Deed of Trust securing the same shall,
<br />when recorded constitute a lien or charge upon said land which is unconditionally prior
<br />and superior to the lien or charge of the Deed of Trust first above mentioned.
<br />NOW, THEREFORE, in consideration of the mutual benefits accruing to the
<br />parties hereto and other valuable consideration, the receipt and sufficiency of which
<br />consideration is hereby acknowledged, and in order to induce Lender to make the loan
<br />above referred to, it is hereby declared, understood, and agreed as follows:
<br />I That said Deed of Trust securing said Note in favor of Lender, and any
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