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waowo. 003-003- 60e61e6-rool BT SUBORDINATION AGREEMENT rrnup
<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 October 16, 2002 by WELLS FARGO BANK NEBRASKA,
<br />N.A. (hereinafter referred to as "Beneficiary'), present owner and holder of the Deed of Trust and note
<br />first hereafter described, in favor of WELLS FARGO HOME MORTGAGE, INC., it's successors and/or
<br />assigns (hereinafter referred to as "Lender ");
<br />WITNESSETH
<br />THAT WHEREAS, James W. Hinn, Nancy L Hinn (hereinafter referred to as "Owner ") did execute a
<br />Deed of Trust, dated June 15, 1999 to The Over Land National Bank Of Grand Island, as Trustee,
<br />covering that certain real property described as follows:
<br />LOT 25, JEFFREY OAKS SUBDIVISION, IN THE CITY OF GRAND
<br />ISLAND, HALL COUNTY, NEBRASKA.
<br />To secure a note in the sum of $21,800.00, dated June 15, 1999, in favor of The Overland National Bank
<br />Of Grand Island, which Deed of Trust was recorded June 28, 1999, as DOC. NO. 99- 106444, Official
<br />Records of Hall county. Through subsequent agreements with the Owner, either recorded or
<br />unrecorded, the current borrowing limit for said note has been amended to $21,800.00, 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 $93,200.00, dated
<br />/0 -1? -OZ , 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 />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 1 of 3
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<br />waowo. 003-003- 60e61e6-rool BT SUBORDINATION AGREEMENT rrnup
<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 October 16, 2002 by WELLS FARGO BANK NEBRASKA,
<br />N.A. (hereinafter referred to as "Beneficiary'), present owner and holder of the Deed of Trust and note
<br />first hereafter described, in favor of WELLS FARGO HOME MORTGAGE, INC., it's successors and/or
<br />assigns (hereinafter referred to as "Lender ");
<br />WITNESSETH
<br />THAT WHEREAS, James W. Hinn, Nancy L Hinn (hereinafter referred to as "Owner ") did execute a
<br />Deed of Trust, dated June 15, 1999 to The Over Land National Bank Of Grand Island, as Trustee,
<br />covering that certain real property described as follows:
<br />LOT 25, JEFFREY OAKS SUBDIVISION, IN THE CITY OF GRAND
<br />ISLAND, HALL COUNTY, NEBRASKA.
<br />To secure a note in the sum of $21,800.00, dated June 15, 1999, in favor of The Overland National Bank
<br />Of Grand Island, which Deed of Trust was recorded June 28, 1999, as DOC. NO. 99- 106444, Official
<br />Records of Hall county. Through subsequent agreements with the Owner, either recorded or
<br />unrecorded, the current borrowing limit for said note has been amended to $21,800.00, 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 $93,200.00, dated
<br />/0 -1? -OZ , 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 />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 1 of 3
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