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200313246 <br />SUBORDINATION AGREEMENT <br />KNOW ALL MEN BY THESE PRESENTS THAT: <br />STATE FARM BANK, F.S.B., as present legal holder and owner of that certain Mortgage between SEAN <br />D. GELLATLY , a married person, as Mortgagor(s) to STATE FARM BANK, F.S.B., in the amount of <br />TWENTY THOUSAND DOLLARS ($20,000.00), and dated AUGUST 7, 2002, and recorded SEPTEMBER <br />3, 2002, as DOCUMENT NO. 200209185, and is described as follows: <br />Lot Elot ($), fo Block Six (6), in Cogmlry Club Subdivision, in the City of Grand Island, Han <br />County, Nebraska <br />For a valuable consideration, the receipt of which is hereby acknowledged, has and by these presents does <br />WAIVE THE PRIORITY OF THE LIEN of the said mortgage insofar as the following described mortgage is <br />concerned, but not otherwise: <br />That certain Mere dated on or about 9 -d-S , 2003, by SEAN D. GELLATLY and <br />JACQUELINE GELLATLY , a husband and wife, as Mortgagor(s) to STATE FARM BANK, F.S.B., ITS <br />SUCCESSORS AND /OR ASSIGNS, as Mortgagee, securing payment of a note in an amount not to <br />exceed EIGHTY -SIX THOUSAND FOUR HUNDRED FIFTY DOLLAR $86,450.00), The undersigned <br />STATE FARM BANK, F.S.B, hereby consenting that the lien of the ortgage first above described be <br />taken second and inferior to mortgage last above described. Recorded as Document <br />WITNESS my hand and seal this 30' day of ScpL ,2003 <br />ATTEST: <br />NAME: <br />TITLE: <br />T F NK, <br />NA*:' <br />A . <br />TI E: •; S-eorV -SOR' <br />NAME: <br />TITLE: <br />STATE OF: n,Sjo•Ar'% COUNTYOF: S4-- L.ou -.'5 <br />The foregoing instrument was acknowledged before me this 30day of Se <br />ojn)>Lr <br />2003, by ^D S e-g s e_ <br />of _ STATE FARM BANK, F.S.B, <br />Corporation, on behalf of the Corporation. <br />MY COMMISSION EXPIRES: <br />This document has been prepared by: TIMOTHY BARR, State Farm Bank, F.S.B.750 <br />an %I.,, DC S <br />subagree.doc <br />