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M M 'n C z n n v M D cn 7C = 200311847 _9 M N n = C ' M M 0 SUBORDINATION AGREEMENT Cznp ° rT1l r c n -� m O CAD � O -n O CL c I p ! '(n a CU h� � r ►—' CO= l� Co -tea W 7 1 Loan No. : 2306488 Words used in this Agreement are defined below. Words in the singular mean and include the plural and vice versa. "Borrower" is Paul L. Kulp and Karen M. Kulp "Lender" is Principal Residential Mortgage, Inc. , and its successors or assigns. "Loan" means the debt evidenced by the Note and all sums due under the Security Instrument. "Note" means the promissory note in the original principal amount of $143,000.00, signed by Borrower in favor of Lender. "Property" means the property commonly known as 4129 Norwood Drive, Grand Island, Nebraska 68803 "Security Instrument" means the Deed of Trust/Mortgage /Security Deed/Security Instrument signed by Borrower in favor of Lender, securing payment of the Note. "Subordinating Lienholder" is Cent ris Federal Credit Union This Agreement is made and entered into this 25th day of June, 2003, by Subordinating Lienholder. WITNESSETH: WHEREAS, Lender as a condition precedent to the origination of the Loan to Borrower requires the subordination of the lien held by Subordinating Lienholder; WHEREAS, Subordinating Lienholder agrees to subordinate its debt and lien on the Property; NOW THEREFORE, in consideration of the Loan and other good and valuable consideration, the receipt and sufficiency of which are hereby expressly acknowledged, Subordinating Lienholder agrees to the following: 1. The Property subject to this Agreement is described as follows: SEE EXHIBIT "A" ATTACHED HERETO AND MADE A PART HEREOF. -,)0.-5-, 1 �d Z- Recordings Requested by & When Recorded Return To: US Recordings, Inc. 2925 Country Drive Ste 201 St. Paul, MN 55117 Subordination Agreement (Multistate) —THE COMPLIANCE SOURCE, INC.— Page 1 of 2 03504MU 08/99 Rev. 10/01 w .compliancesource.com 02001, The Compliance Source, Inc.