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<br />SUBORDINATION AGREEMENT
<br />WHEREAS, TAR Preferred Mortgage Corporation the undersigned, hereinafter retbrrad to m Frost Party, is the owner
<br />��12
<br />of the mortgage dated January 14, 1997 and recorded on the March 5, 1997, as document No. 97- 101562
<br />in Vol. N/A
<br />at page
<br />N/A, in the office of the Register of Deeds, Hell County, State of Nebraska, securing a debt in the original
<br />amount of
<br />$40,000.00, and covering the following described real estate situated in Hall County, State ofNebraska,
<br />to-wit:
<br />LOT 14, BLOCK 2, ISLAND ACRES NUMBER 2, C17Y OF GRAND ISLAND, HALL COUNTY, NEBRASKA,
<br />ACCORDING TO THE RECORDED PLAT THEREOF
<br />WHEREAS, Michael W. and Lila M. Steinke have executed a mortgage in the amount of $56,200.00, dated
<br />f_[__ /- `E/,2002 to Principal Resident inlhereinafter referred to as Second Party coveting the above described real
<br />estate and securing a note of like amount, which mortgage is filed for record in the office of the Register of Deeds, Hall County,
<br />State of Nebraska on __LZI _Za / 62, ar _,ZL_:_j3 o'clock, and recorded as document No. ;ZCO213 P6 , in
<br />Book of Mortgages, at page of the records of said County and State; and
<br />WHEREAS, Second Party desires that the lien of Its mortgage above referred to shall be prior and superior to any right,
<br />title, interest, claim or lien which the First Party may have in or to the said premises by virtue of its mortgages first above
<br />described;
<br />NOW, THEREFORE, the undersigned in consideration of the premises and the sum of One Dollar (51.00) in the First
<br />Party in band paid, the receipt whereof m hereby acknowledged, the said First Party does subordinate all rights created by the
<br />mortgages above described to the undersigned First Petty, or in any other manner, m the lien of the mortgage in the said Second
<br />Party above described, and agrees that the said mortgage to said Second Party shall constitute a first and prior lieu upmu the real
<br />estate &imbed in the mortgage of said Second Party, superior many right, title interest, claim or lien which the First Party may
<br />have in or on said premises, to The same extent N though die mortgage to Second Party was actually executed and recorded prior
<br />to the mortgages of the undersigned above described.
<br />IN WITNESS WHEREOF, the said First Party has hereunto caused this instrument to be signed on its behalf by
<br />thereunto duly authorized so to do this day L/ 3 //, 2002.
<br />TAR Preferred Mortgage Corporation
<br />CHASE MANHATTAN MORTGAGE CORPORATION
<br />AS ATTORNEY _IN FACT/
<br />by:
<br />MARY KOSAKOWS[
<br />ASSISTANT SECRETARY
<br />Wimess Printed Signature
<br />HILARY K. BROWN
<br />
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