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ss� This instrument is made as of March 12th, 2003, by Commercial Federal Bank, ( "Lienholder "), a corporation having its principal place of business at Omaha, Nebraska. RECITALS A. Lienholder is the holder of the beneficial interest in a note secured by a deed of trust (the "Second Deed of Trust") on the mortgaged property, dated January 24, 2003, executed by Fred R Snowardt Jr and Ardyce E Snowardt, Husband and Wife, and recorded on February 10, 2003, as Document No. 2003 015 85 in the office of the Register of Deeds of Hall County, Nebraska, and further described as follows (the "Mortgaged Property"): Lot 9, Homestead Second Subdivision to the City of Grand Island, Hall County, Nebraska B. The Second Deed of Trust held by Lienholder is junior and subordinate to a deed of trust (the "First Deed of Trust") held by Major Mortgage, it's successors and/or assigns, on the Mortgaged Property. Fred R Snowardt Jr and Ardyce E Snowardt, the owners ("Owner ") of the Mortgaged Property desire to refinance the First Deed of Trust loan on the Mortgaged Property. For good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, Lienholder agrees as follows: 1. The Second Deed of Trust held by Lienholder shall be subject and subordinate to a new deed of trust ( "New Deed of Trust ") securing a loan originated by Major Mortgage, it's Successors and/or assigns, pertaining to the Mortgaged Property and securing a note dated on or around March 24, 2003, in an original principal amount not to exceed Seventy Nine Thousand Seven Hundred Dollars ($79,700.00), bearing interest at a rate not to exceed Five and One -half percent (5.5000 %) per annum, and made primarily for the purpose of refinancing the First Deed of Trust loan. 2. Lienholder acknowledges that Major Mortgage, it's successors and /or assigns, is relying on this instrument in making the loan secured by the New Deed of Trust. Lienholder agrees that the New Deed of Trust shall have the same validity, priority, and effect as if executed, delivered and recorded prior to the date of the Second Deed of Trust provided, however, that nothing in this instrument shall in any way alter, change or modify the terms and conditions of the Second Deed of Trust, or in any way release or affect the validity or priority of the Second Deed of Trust, except as provided herein. Entered into this 12th, day of March, 2003. ("Lienholder")_ By: Name: L- tps Title: GlpE IG� STATE OF NEBRASKA COUNTY OF DOUGLAS On this 12th day of March, 2003, before me a Notary Public, personally appeared /ns to me personally known to be the 1�3 �s� of Commercial Federal Bank, by me duly sworn, subscribed their name to the foregoing instrument as an officer of said corporation and acknowledged the execution of such instrument as the voluntary act and deed of said corporation. My Commission Expires: pp GENERAL NOTARY -State of Nebraska Id' V!CK! S. NEPODAL My Comm. Up. Feb. 15, 2005 Notary Public 200314165 � w o w n V-) ° CD P'1' f'1 c a n N O Cn C" �1> un C7 SUBORDINATION OF DEED OF TRUST v� o ss� This instrument is made as of March 12th, 2003, by Commercial Federal Bank, ( "Lienholder "), a corporation having its principal place of business at Omaha, Nebraska. RECITALS A. Lienholder is the holder of the beneficial interest in a note secured by a deed of trust (the "Second Deed of Trust") on the mortgaged property, dated January 24, 2003, executed by Fred R Snowardt Jr and Ardyce E Snowardt, Husband and Wife, and recorded on February 10, 2003, as Document No. 2003 015 85 in the office of the Register of Deeds of Hall County, Nebraska, and further described as follows (the "Mortgaged Property"): Lot 9, Homestead Second Subdivision to the City of Grand Island, Hall County, Nebraska B. The Second Deed of Trust held by Lienholder is junior and subordinate to a deed of trust (the "First Deed of Trust") held by Major Mortgage, it's successors and/or assigns, on the Mortgaged Property. Fred R Snowardt Jr and Ardyce E Snowardt, the owners ("Owner ") of the Mortgaged Property desire to refinance the First Deed of Trust loan on the Mortgaged Property. For good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, Lienholder agrees as follows: 1. The Second Deed of Trust held by Lienholder shall be subject and subordinate to a new deed of trust ( "New Deed of Trust ") securing a loan originated by Major Mortgage, it's Successors and/or assigns, pertaining to the Mortgaged Property and securing a note dated on or around March 24, 2003, in an original principal amount not to exceed Seventy Nine Thousand Seven Hundred Dollars ($79,700.00), bearing interest at a rate not to exceed Five and One -half percent (5.5000 %) per annum, and made primarily for the purpose of refinancing the First Deed of Trust loan. 2. Lienholder acknowledges that Major Mortgage, it's successors and /or assigns, is relying on this instrument in making the loan secured by the New Deed of Trust. Lienholder agrees that the New Deed of Trust shall have the same validity, priority, and effect as if executed, delivered and recorded prior to the date of the Second Deed of Trust provided, however, that nothing in this instrument shall in any way alter, change or modify the terms and conditions of the Second Deed of Trust, or in any way release or affect the validity or priority of the Second Deed of Trust, except as provided herein. Entered into this 12th, day of March, 2003. ("Lienholder")_ By: Name: L- tps Title: GlpE IG� STATE OF NEBRASKA COUNTY OF DOUGLAS On this 12th day of March, 2003, before me a Notary Public, personally appeared /ns to me personally known to be the 1�3 �s� of Commercial Federal Bank, by me duly sworn, subscribed their name to the foregoing instrument as an officer of said corporation and acknowledged the execution of such instrument as the voluntary act and deed of said corporation. My Commission Expires: pp GENERAL NOTARY -State of Nebraska Id' V!CK! S. NEPODAL My Comm. Up. Feb. 15, 2005 Notary Public