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SUBORDINATION AGREEMENT
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<br />WHEREAS, Nebraska Energy Federal Credit Union the undersigned, hereinafter referred to as First Party, is
<br />the owner of the mortgage dated November 2, 2001 and recorded on the December 6, 2001, as document No.
<br />200112533 in Vol. N/A at page N/A, in the office of the Register of Deeds, Hall County, State of Nebraska,
<br />securing a debt in the original amount of $13,650.00 , and covering the following described real estate situated in Hall
<br />County, State of Nebraska, to -wit:
<br />LOT 4, BLOCK 2, LAKE DAVIS ACRES SUBDIVISION, HALL COUNTY, NEBRASKA, ACCORDING TO
<br />THE RECORDED PLAT THEREOF
<br />WHEREAS, Bruce and Lynn Schutte have executed a mortgage NOT TO EXCEED the amount of
<br />$ 1 A2),J OQ . C? U , dated % / /O / 2003 to Principal Residential Mortgage Inc., hereinafter referred
<br />to as Second Party covering the above described real estate and securing a note of like amount, which mortgage is filed
<br />for record in the office of the Register of Deeds, Hall County, State of Nebraska on '] / 9 /� at
<br />�_: S o'clock, and recorded as document No. 0 , in Book of Mortgages, at
<br />page i 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
<br />any right, title, interest, claim or lien which the First Party may have in or to the said premises by virtue of its mortgages
<br />first above described;
<br />NOW, THEREFORE, the undersigned in consideration of the premises and the sum of One Dollar ($1.00) to
<br />the First Party in hand paid, the receipt whereof in hereby acknowledged, the said First Party does subordinate all rights
<br />created by the mortgages above described to the undersigned First Party, or in any other manner, to the lien of the
<br />mortgage to the said Second Party above described, and agrees that the said mortgage to said Second Party shall
<br />constitute a first and prior lien upon the real estate described in the mortgage of said Second Party, superior to any right,
<br />title interest, claim or lien which the First Party may have in or on said premises, to the same extent as though the
<br />mortgage to Second Party was actually executed and recorded prior to the mortgages of the undersigned above
<br />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 A,5 10j& 2003.
<br />Nebraska Energy Federal Credit Union
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<br />SUBORDINATION AGREEMENT
<br />p3fV
<br />WHEREAS, Nebraska Energy Federal Credit Union the undersigned, hereinafter referred to as First Party, is
<br />the owner of the mortgage dated November 2, 2001 and recorded on the December 6, 2001, as document No.
<br />200112533 in Vol. N/A at page N/A, in the office of the Register of Deeds, Hall County, State of Nebraska,
<br />securing a debt in the original amount of $13,650.00 , and covering the following described real estate situated in Hall
<br />County, State of Nebraska, to -wit:
<br />LOT 4, BLOCK 2, LAKE DAVIS ACRES SUBDIVISION, HALL COUNTY, NEBRASKA, ACCORDING TO
<br />THE RECORDED PLAT THEREOF
<br />WHEREAS, Bruce and Lynn Schutte have executed a mortgage NOT TO EXCEED the amount of
<br />$ 1 A2),J OQ . C? U , dated % / /O / 2003 to Principal Residential Mortgage Inc., hereinafter referred
<br />to as Second Party covering the above described real estate and securing a note of like amount, which mortgage is filed
<br />for record in the office of the Register of Deeds, Hall County, State of Nebraska on '] / 9 /� at
<br />�_: S o'clock, and recorded as document No. 0 , in Book of Mortgages, at
<br />page i 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
<br />any right, title, interest, claim or lien which the First Party may have in or to the said premises by virtue of its mortgages
<br />first above described;
<br />NOW, THEREFORE, the undersigned in consideration of the premises and the sum of One Dollar ($1.00) to
<br />the First Party in hand paid, the receipt whereof in hereby acknowledged, the said First Party does subordinate all rights
<br />created by the mortgages above described to the undersigned First Party, or in any other manner, to the lien of the
<br />mortgage to the said Second Party above described, and agrees that the said mortgage to said Second Party shall
<br />constitute a first and prior lien upon the real estate described in the mortgage of said Second Party, superior to any right,
<br />title interest, claim or lien which the First Party may have in or on said premises, to the same extent as though the
<br />mortgage to Second Party was actually executed and recorded prior to the mortgages of the undersigned above
<br />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 A,5 10j& 2003.
<br />Nebraska Energy Federal Credit Union
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