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17J <br />n <br />= <br />n <br />..� <br />C <br />Z <br />M <br />= <br />Cn <br />r.� <br />_ <br />CU <br />I <br />I <br />w <br />� 200311392 <br />M <br />T <br />n <br />C <br />Z <br />M <br />= <br />r.� <br />rn <br />R <br />w <br />� � ' <br />O <br />f" ! <br />O <br />CL <br />N <br />o <br />� '*1 <br />O <br />13 <br />M <br />_3 <br />r <br />r <br />►—► <br />•-t <br />C <br />w <br />w <br />3 <br />CD <br />w <br />Cn <br />^' <br />z <br />z <br />0 <br />UNILATERAL SUBORDINATION AGREEMENT <br />WHEREAS, the parties to this agreement are the old lender, namely Equitable F <br />Federal Savings Bank of Grand Island, hereinafter called LENDER #1; and the new c'J <br />c� <br />lender, namely First National Bank of Omaha, its Successors and/or Assigns, hereinafter <br />called LENDER #2 and LARRY L. LEWIS and BETH A. LEWIS, husband and wife, <br />hereinafter called BORROWER, <br />WHEREAS, BORROWER is the owner of the real estate hereinafter called <br />PROPERTY which is described as: <br />LOT TWELVE (12) AND THE SOUTHERLY SIXTEEN AND SIX TENTHS FEET <br />(16.6') OF LOT TEN (10), ALL IN BLOCK SEVEN (7), UNIVERSITY PLACE, AN <br />ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA. <br />WHEREAS, BORROWER has executed a Note in a principal amount of <br />$7,000.00 secured by a Mortgage /Deed of Trust in favor of LENDER #1, covering the <br />PROPERTY, recorded on August 17, 2001 as Document No.0200108290 in the office of <br />the 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 $76,000.00, to be secured by a Mortgage /Deed of Trust in <br />favor of LENDER #2, covering the PROPERTY, and to be recorded in the office of the <br />Register of Deeds of Hall County, Nebraska. Z)C C_-t a nZ— //J9(0 <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 <br />4.. '%,PO•.�'T <br />� •9 <br />S <br />• SEA • <br />day of August, 2003. <br />STATE OF NEBRASKA <br />COUNTY OF HALL <br />E ' bl deral Saving ank of and Island <br />(LENDER #1) <br />By: _ <br />Jo Dobrovolny, V �crnsomvi��on '6T (title) <br />)SS: <br />Acknowledged before me this day of August, 2003 by Joe Dobrovolny, <br />V *<„�ca.la�aWu'T'3 " c.n 1 \oc��z�r of Equitable Federal Savings Bank of Grand Island <br />on behalf of said Corporation. <br />ja GENERAL NOTARY -State of Nebraska Notary Public <br />CINDY SCHEER <br />My Comm. Exp. Jan. 31, 2005 <br />