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WHEREAS, Lender proposes to make a loan to Borrower not to exceed the principal amount of 5_ 1 8,000 to be secured by a first mortgage or deed of trust upon real estate covered by the Deed of Trust of Bank and described as above, and, WHEREAS, Lender has requested Credit Union wd Credit Union has agreed to Subordinate the lien of its deed of trust to the mortgage or deed of trust to be taken by Lender; NOw, THEREFORE, in consideration of the premises the parties agree as follows: Credit Union hereby expressly subordinates the lien of the above described deed of trust to the lien of any mortgage or deed oCtrust taken by Lender from Borrower and declares the lien of the deed of trust to be junior and inferior to the lien of Lender upon the lands as described thereirl; provided, however, that the subordination of the deed of trust of Credit Union shall not apply or be effective as to any amounts, exclusive of intcrest, in excess of 115Bo 2 secured by the mortgage or decd of trust by Lender Nebraska er Federal Credit Union M � c7 U M rn � i1 M N c`.a O —+ r�-h 7' 7. M, D ry , -, O D Opt 1� C'7 m i M c7 r :3 O C.0 N c y Lo S ORDINATION AGREEMENT co CD. r W w This Agreement made this l lth day of. July_, 2003, between NebrtskaEp er "), Federal Credit Unite ("Credit Union ") and First National Bank of Omaha ( "Lender a national banking association, with offices at 1620 Dodge Strcet, Omaha, Nebraska. WHEREAS, Credit Union is the beneficiary under a Deed of Trust Dated June 12J&01 and recorded as Document No. 0200106567 to secure a loan in the original 'tta ") v principal amount of $27,0000 to David M. tta and W L. ("Borrowers / covering the Following described real estate: Lot 16, Jeffrey Oaks Sixth Subdivision, in the City of Grand Island, Hall County, Nebraska. WHEREAS, Lender proposes to make a loan to Borrower not to exceed the principal amount of 5_ 1 8,000 to be secured by a first mortgage or deed of trust upon real estate covered by the Deed of Trust of Bank and described as above, and, WHEREAS, Lender has requested Credit Union wd Credit Union has agreed to Subordinate the lien of its deed of trust to the mortgage or deed of trust to be taken by Lender; NOw, THEREFORE, in consideration of the premises the parties agree as follows: Credit Union hereby expressly subordinates the lien of the above described deed of trust to the lien of any mortgage or deed oCtrust taken by Lender from Borrower and declares the lien of the deed of trust to be junior and inferior to the lien of Lender upon the lands as described thereirl; provided, however, that the subordination of the deed of trust of Credit Union shall not apply or be effective as to any amounts, exclusive of intcrest, in excess of 115Bo 2 secured by the mortgage or decd of trust by Lender Nebraska er Federal Credit Union