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<br />SUBORDINATION OF MORTGAGE
<br />631V 3 -24/.2 ( /.0, sv
<br />This instrument is made as of July 16, 2003, by Chase Manhattan Mortgage Corporation ( "Lienholder "), a
<br />Corporation, having its principal place of business at 10790 Rancho Bernardo Road, San Diego, CA 92127.
<br />RECITALS
<br />A. Lienholder is the holder of a note secured by a mortgage (the "Second Mortgage ") on the Mortgaged
<br />Property, dated July 7, 1998, executed by Francis J. Vickers Jr. and Ethel Marie Vickers and recorded on
<br />July 30, 1998, as Document 98- 107391, in the real estate records of Hall County, NE, pertaining to the real
<br />estate located at 3011 W Smote Street, Grand Island, NE 68801 and further described as follows (the
<br />"Mortgaged Property"): M l g,15 ()' 15d
<br />LOT 14, ISLAND ACRES NUMBER 7, GRAND ISLAND, HALL COUNTY, NEBRASKA,
<br />ACCORDING TO THE RECORDED PLAT THEREOF.
<br />B. The Second Mortgage held by Lienholder is junior and subordinate to a Mortgage (the "First
<br />Mortgage ") held by Principal Residential Mortgage, Inc on the Mortgaged Property. Francis J. Vickers Jr.
<br />and Ethel Marie Vickers, the owner ( "Owner ") of the Mortgaged Property desires to refinance the First
<br />Mortgage loan on the Mortgaged Property.
<br />For good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged,
<br />Lienholder agrees as follows:
<br />1. The Second Mortgage held by Lienholder shall be subject and subordinate to a new mortgage ( "New
<br />Mortgage ") securing a loan originated by Principal Residential Mortgage, Incorporated pertaining to the
<br />Mortgaged Property and securing a note in an original principal amount not to exceed Eighty Three
<br />Thousand and Twelve Dollars ($83,012.00), bearing interest at a rate not to exceed Five and One Half
<br />percent (5.500 %) per annum and made primarily for the purpose of refinancing the First Mortgage loan.
<br />2. Lienholder acknowledges that Principal Residential Mortgage, Inc. is relying on this instrument in
<br />making the loan secured by the New Mortgage. Lienholder agrees that the new Mortgage shall have the
<br />same validity, priority, and effect as if executed, delivered and recorded prior to the date of the Second
<br />Mortgage, provided, however, that nothing in this instrument shall in any way alter, change or modify the
<br />terms and conditions of the Second Mortgage, or in any way release or affect the validity or priority of the
<br />Second Mortgage, except as provided herein. .
<br />k , Ti ,.,., Q)
<br />Entered into this 16th day of July.
<br />( "Lienholder ")
<br />US Bank, N.A.
<br />Chase Manhattan Mo'tgage o As
<br />By:
<br />Name: Mary Kosal o ki
<br />Title: Assistant Secretary
<br />-..it 1, i,.3�a:.
<br />NATIONS TITLE AGENCY INC.
<br />5370 W. 95TH ST.
<br />SHAWNEE, KS 66201
<br />Attorney in Fact
<br />
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