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G1 <br />•. rn <br />M n <br />' C n _ o c�. cn o <br />■r i'i" ,> ,�, n '� ^� O 0 <br />co -T1 t= W <br />Yi <br />*1 S F-A =3 <br />M 3 r� x• tV C <br />C) co C1l a <br />� � N ✓ •pi � r=M" <br />200312591 1 <br />C-' W ~' z <br />C <br />UNILATERAL SUBORDINATION AGREEMENT <br />WHEREAS, the parties to this agreement are the old lender, namely The Platte Q, <br />Valley State Bank & Trust Company hereinafter called LENDER #1; and the new lender, s Sa <br />namely First National Bank of Omaha, its Successors and/or Assigns, hereinafter called <br />LENDER #2 and BRUCE R. RIEKER and DAWN R. RIEKER, 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 TWENTY (20), WESTWOOD PARK FOURTH SUBDIVISION IN THE CITY OF <br />GRAND ISLAND, HALL COUNTY, NEBRASKA. <br />WHEREAS, BORROWER has executed a Note in a principal amount of <br />$26,000.00 secured by a Mortga e /Deed of Trust in favor of LENDER #1, covering the <br />PROPERTY, recorded on DO as Document No. <br />% in the officoRt he 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 $208,000.00, to be secured by a Mortgage/Deed of Trust <br />in favor of LENDER #2, covering the PROPERTY, aP4 to be recorded in the office of <br />the Register of Deeds of Hall County, Nebraska. --- c_ �# � / / 0 l a <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 />,atcdis;_`1,1I� day of August, 2nn'l <br />.4M•'� .�.� •✓ B) <br />STATE OF NEBRASKA <br />)SS: <br />COUNTY OF BUFFALO ) <br />Phil Landon, Senior Vice <br />Acknowledged before me this 14th day of August, 2003 by GiRdy N4t*h!b,&e1+ Viee- <br />President of Platte Valley State Bank & Trust Co. on behalf of said Corporation. <br />Notary Public <br />UN!MELU!1SSA%A;. Ip testa of Nebraska <br />DUBOWSKY <br />m m. Ep. Dec. 11, 2005 <br />l'L <br />