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JAN -06 -2005 06 :36 " RETURN TO RECORDING DEPx Lenders First Choice 200502852 3850 Royal Avenue Simi Valley, 93063 4MV J �J a SUSORI) TY N AC hIENT THIS SUBORDINATIQ AGREEMENT it made this 5&day of,lanunrY, 2005 between Steven art0a AIWA qLant II Crows Hadan, as owner of the land (hereinafter referred to as ''Owner'j whose address is.417 E 5's S1, Grapd Island NH 69 and murnercl t 7Aoto 4,40wA Ato Gr.1�i M#w` %J whose address is .IS!!C W,2 4+►,F,r.,T -t Ale (hereinafter referred to as "Beneficiary'). RECITALS the pwo r of a certain peel of teal property 6iluate in the County of Hall , State of Nebraska, male fully deocribed as follows: Lot two (2) block fifteen (15) in Evans Addition to rke City of Grand Island. Souret of title-, Dutument No. 96- 104200 (recorded 000/96) APN 40012$993 ALSO KNOWN AND NUMBERED A5: 817 E 5th St, Grand Island, NE 68MI did execute a Deed of Trust dated 07 -29 -1998 to the Public Trustee in and for the County of Han io secure a note in the original principal amount of $11052.04 dated 07 -29 -1998 Payable to Commerical Credit Corporation and assigned to principle Residential Mortgage. Inc, Said Dccd of Trust was recorded on 07 -30 -1998 at ]look 98, Page 107405, of the records of said County. The owner has executed, or will execute, a Deed of Trust and note in the original principal amount of 5 ) nr2 dated 11171 1'�' payable to H &R Block Mtg Corporation (here nnfter referred to as " Lender-). It is the desire of the parties and to the mutual benefit of all patsies that the Gen of the Deed of Tmt in favor of the Beneficiary be subordinate to the lien of the Deed of Trust for the use and timefrt of the Lender. NOW, THEREFORE, for and in consideration of the mutual benefits accruing to the parties hereto, and the promises set forth, and other valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the patties hereby agree as follows: 1. The Deed of Trust securing said note in favor of the Under, together with extensions or renewals thereof, stall unconditionally be, and at All times retnain, a lien or charge upon the property dcscribM therein which is priorand superior to the lien or interest created by the Deed of Trust held by the Beneficiary- 2. The considcration to he paid to the Beneficiary is as follows: 10.00 3. This ageement shall be controlling with regard to the priority of the Deeds of Trust specified above, and the terms hereof shall supersede any provisions contained in the Deed of Trust for the use and benefit of the Beneficiary regarding subordination, 4. The Beneficiary has reviewed the terms and conditions of the note and Deed of trust in favor of the Lender, and hereby apptovw those terms and conditions- Beneficiary understands that the Lender is under no obligation to supervise the application of the proceeds received ftomthe Lcadcr, and Beneficiary agrees that an endorsement will be placed upon the note bold by the Beneficiary to the effect that the Deed of Trust securing said note has been subordinated to the lien crested by the steed of Trust for the use and benefit of the ]render named above. Bcncf eiaty understands that the Lender may not have made the loam or may not have advanced funds to the Owner without this Subordination Agreement. Citivinan 's 5uccesso by Merger to Principle Residential NorViga (Namc/T[ It on behall ot Beneficiary) STATE OF 9 ) S5 COUNTY OF CORPORATE ACKNOWLIWGRMEN7 oft The foregoing iustrumcni was acknowledged before the this 6 — day of By s sa1y r ' Witness Illy hand and Official Seal: My cc, is;iof jt ibre : ✓ i ublie l( 1NDIVIDC7Ulj AGIUIOVI'LEDGEMENT The foregoing instrwrient was acknowledged before me this J�01_ day of BY WitnepA my hand and Official Seal: My Commission Expires: Notary Public, P.02 TANSY S" .= API CAMMISSiON SPIRES i ,kale 5, 2008 TOTAL P.02 JAN -6 -2005 THU 10:30 TEL:3083845657 NAME:CITIFINANCIALGISOUTH P. 2