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<br />SUBORDINATION OF DEED OF TRUST
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<br />SUBORDINATION OF DEED OF TRUST
<br />This instrument is made as of October 21 2002, by Nebraska State Bank & Trust Co., ("Lienholder"), a corporation having
<br />its principal place of business at Broken Bow, NE 68822.
<br />RECITALS SCI
<br />)
<br />A. Lienholder is the holder of the beneficial interest in a note secured by a deed of trust (the "Second Deed of Trust ") on the
<br />mortgaged property, dated October 9, 2001, executed by David I, Bass and Becky L Bass, Husband and Wife, and recorded on
<br />October 12, 2001, m Document No. 200110343 in the office of the Register of Deeds of Custer County, Nebraska, and further
<br />described as follows (the "Mortgaged Property"):
<br />Lot 39, Amick Acres West Subdivision, Hall County, Nebraska.
<br />B. The Second Deed of Trust held by Lienholdur isjumor and subordinate to a deed of trust (the "First Deed of Trust ") held by
<br />Major Mortgage, it's successors and/or assigns, on the Mortgaged Property. David L Bass and Becky L Bass, Husband and Wife,
<br />the owners ( "Owner ") of the Mortgaged Property desire to refinance the First Deed of Trust loan on the Mortgaged Property.
<br />For good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, Lienholder agrees as follows:
<br />1. The Second Deed of Trust held by Lienholder shall be subject and subordinate to a new deed of trust ( "New Deed of Trust")
<br />securing a loan originated by Major Mortgage, it's Successors and /or assigns, pertaining to the Mortgaged Property and securing
<br />a note dated on or around October 21, 2002, in an original principal amount not to exceed One hundred seventy five thousand
<br />nine hundred Dollars ($175,900.00), bearing interest at a rate not to exceed Five and three - eighths percent (5.375 %) per annum,
<br />and made primarily for the purpose of refinancing the First Deed of Trust loan. Roc a3 bce-4 at%a-116�9
<br />2. Lienholder acknowledges that Major Mortgage, it's successors and /or assigns, is relying on this instrument in making the loan
<br />secured by the New Decd of Trust. Lienholder agrees that the New Deed of Trust shall have the same validity, priority, and
<br />effect as if executed, delivered and recorded prior to the date of the Second Deed of Trust provided, however, that nothing in this
<br />instrument shall in any way alter, change or modify the terms and conditions of the Second Deed of Trust, or in any way release
<br />or affect the validity or priority of the Second Deed of Trust, except as provided herein.
<br />Entered into this 21st day of October, 2002.
<br />ebraska State Bank & Trust Company
<br />( "Lienh e d�t")
<br />By: --
<br />Name: arl Norden
<br />Title: Vice President
<br />STATE OF NEBRASKA
<br />COUNTY OF CUS'I ER
<br />On this 21st day of October, 2002, before me a Notary Public, personally appeared Carl Norden _
<br />to me personally known to be the Vice President ofNebaska State Bank
<br />& -Trust Co., who being by me duly swom, subscribed their name to the foregoing instrument as an officer of said corporation
<br />and acknowledged the execution of such instrument as the voluntary act and deed of said corporation.
<br />My Commission Expires:
<br />GENERAL NOTARY -State 01 Nebraska
<br />GHERY BECKENHAUER
<br />my Gomm. Ent. rib. 2, 2004
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<br />This instrument is made as of October 21 2002, by Nebraska State Bank & Trust Co., ("Lienholder"), a corporation having
<br />its principal place of business at Broken Bow, NE 68822.
<br />RECITALS SCI
<br />)
<br />A. Lienholder is the holder of the beneficial interest in a note secured by a deed of trust (the "Second Deed of Trust ") on the
<br />mortgaged property, dated October 9, 2001, executed by David I, Bass and Becky L Bass, Husband and Wife, and recorded on
<br />October 12, 2001, m Document No. 200110343 in the office of the Register of Deeds of Custer County, Nebraska, and further
<br />described as follows (the "Mortgaged Property"):
<br />Lot 39, Amick Acres West Subdivision, Hall County, Nebraska.
<br />B. The Second Deed of Trust held by Lienholdur isjumor and subordinate to a deed of trust (the "First Deed of Trust ") held by
<br />Major Mortgage, it's successors and/or assigns, on the Mortgaged Property. David L Bass and Becky L Bass, Husband and Wife,
<br />the owners ( "Owner ") of the Mortgaged Property desire to refinance the First Deed of Trust loan on the Mortgaged Property.
<br />For good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, Lienholder agrees as follows:
<br />1. The Second Deed of Trust held by Lienholder shall be subject and subordinate to a new deed of trust ( "New Deed of Trust")
<br />securing a loan originated by Major Mortgage, it's Successors and /or assigns, pertaining to the Mortgaged Property and securing
<br />a note dated on or around October 21, 2002, in an original principal amount not to exceed One hundred seventy five thousand
<br />nine hundred Dollars ($175,900.00), bearing interest at a rate not to exceed Five and three - eighths percent (5.375 %) per annum,
<br />and made primarily for the purpose of refinancing the First Deed of Trust loan. Roc a3 bce-4 at%a-116�9
<br />2. Lienholder acknowledges that Major Mortgage, it's successors and /or assigns, is relying on this instrument in making the loan
<br />secured by the New Decd of Trust. Lienholder agrees that the New Deed of Trust shall have the same validity, priority, and
<br />effect as if executed, delivered and recorded prior to the date of the Second Deed of Trust provided, however, that nothing in this
<br />instrument shall in any way alter, change or modify the terms and conditions of the Second Deed of Trust, or in any way release
<br />or affect the validity or priority of the Second Deed of Trust, except as provided herein.
<br />Entered into this 21st day of October, 2002.
<br />ebraska State Bank & Trust Company
<br />( "Lienh e d�t")
<br />By: --
<br />Name: arl Norden
<br />Title: Vice President
<br />STATE OF NEBRASKA
<br />COUNTY OF CUS'I ER
<br />On this 21st day of October, 2002, before me a Notary Public, personally appeared Carl Norden _
<br />to me personally known to be the Vice President ofNebaska State Bank
<br />& -Trust Co., who being by me duly swom, subscribed their name to the foregoing instrument as an officer of said corporation
<br />and acknowledged the execution of such instrument as the voluntary act and deed of said corporation.
<br />My Commission Expires:
<br />GENERAL NOTARY -State 01 Nebraska
<br />GHERY BECKENHAUER
<br />my Gomm. Ent. rib. 2, 2004
<br />ti
<br />Notary Pub is
<br />
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