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WHEREAS, the parties to this agreement are the old lender, namely The Platte
<br />Valley State Bank & Trust Company hereinafter called LENDER #1; and the new lender,
<br />namely First National Bank of Omaha, its Successors and/or Assigns, hereinafter called
<br />LENDER #2 and TODD C ENCK and KELLY A ENCK, husband and wife, hereinafter
<br />called BORROWER,
<br />WHEREAS, BORROWER is the owner of the real estate hereinafter called
<br />PROPERTY which is described as:
<br />LOT TWENTY -TWO (22), WESTWOOD PARK FOURTH SUBDIVISION, IN THE
<br />CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />WHEREAS, BORROWER has executed a Note in a principal amount of
<br />$40,000.00 secured by a Mortgage/Deed of Trust in favor of LENDER #1, covering the
<br />PROPERTY, recorded on February 28, 2003 at Inst. 0200302363 in the office of the
<br />Register of Deeds of Hall County, Nebraska.
<br />WHEREAS, BORROWER will be executing or has executed a Note in a
<br />principal amount not to exceed $203,000.00, to be secured by a Mortgage/Deed of Trust
<br />in favor of LENDER #2, covering the PROPERTY, and to be recorded in the office of
<br />the Register of Deeds of Hall County, Nebraska. Per- cis IQC,4 ,9003 - 11615
<br />NOW THEREFORE, in consideration of $1.00 and other valuable
<br />consideration, receipt whereof is hereby acknowledge, LENDER #1 agrees to
<br />subordinate and does hereby subordinate its liens as shown and referred to above, to the
<br />lien of LENDER #2 as shown and referred to above, but only to the extent of the
<br />principal amount of the new lien as shown in the above paragraph, plus any accrued
<br />interest, taxes, insurance or costs advanced to protect its security.
<br />Dated this 18th day of August, 2003.
<br />:.
<br />)SS:
<br />Phil Landon;
<br />Vice President
<br />Acknowledged before me this 18th day of August, 2003 by Phil Landon, Senior Vice
<br />President of Platte Valley State Bank & Trust Co. on behalf of said Corporation.
<br />Aqj ijAj.A=:J_ INk buttd�q
<br />Notary Public
<br />6E
<br />I� NERAI NOTARY- State of Nebraska
<br />MELISSA A. DUSOWSKY
<br />- My Comm. Exp. Dec. 11, 2005
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<br />200311017
<br />UNILATERAL SUBORDINATION
<br />AGREEMENT
<br />WHEREAS, the parties to this agreement are the old lender, namely The Platte
<br />Valley State Bank & Trust Company hereinafter called LENDER #1; and the new lender,
<br />namely First National Bank of Omaha, its Successors and/or Assigns, hereinafter called
<br />LENDER #2 and TODD C ENCK and KELLY A ENCK, husband and wife, hereinafter
<br />called BORROWER,
<br />WHEREAS, BORROWER is the owner of the real estate hereinafter called
<br />PROPERTY which is described as:
<br />LOT TWENTY -TWO (22), WESTWOOD PARK FOURTH SUBDIVISION, IN THE
<br />CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />WHEREAS, BORROWER has executed a Note in a principal amount of
<br />$40,000.00 secured by a Mortgage/Deed of Trust in favor of LENDER #1, covering the
<br />PROPERTY, recorded on February 28, 2003 at Inst. 0200302363 in the office of the
<br />Register of Deeds of Hall County, Nebraska.
<br />WHEREAS, BORROWER will be executing or has executed a Note in a
<br />principal amount not to exceed $203,000.00, to be secured by a Mortgage/Deed of Trust
<br />in favor of LENDER #2, covering the PROPERTY, and to be recorded in the office of
<br />the Register of Deeds of Hall County, Nebraska. Per- cis IQC,4 ,9003 - 11615
<br />NOW THEREFORE, in consideration of $1.00 and other valuable
<br />consideration, receipt whereof is hereby acknowledge, LENDER #1 agrees to
<br />subordinate and does hereby subordinate its liens as shown and referred to above, to the
<br />lien of LENDER #2 as shown and referred to above, but only to the extent of the
<br />principal amount of the new lien as shown in the above paragraph, plus any accrued
<br />interest, taxes, insurance or costs advanced to protect its security.
<br />Dated this 18th day of August, 2003.
<br />:.
<br />)SS:
<br />Phil Landon;
<br />Vice President
<br />Acknowledged before me this 18th day of August, 2003 by Phil Landon, Senior Vice
<br />President of Platte Valley State Bank & Trust Co. on behalf of said Corporation.
<br />Aqj ijAj.A=:J_ INk buttd�q
<br />Notary Public
<br />6E
<br />I� NERAI NOTARY- State of Nebraska
<br />MELISSA A. DUSOWSKY
<br />- My Comm. Exp. Dec. 11, 2005
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