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NOTICE: THIS SUBORDINATION AGREEMENT RESULTS IN YOUR SECURITY
<br />INTEREST IN THE PROPERTY BECOMING SUBJECT TO AND OF LOWER
<br />PRIORITY THAN THE LIEN OF SOME OTHER OR LATER SECURITY
<br />INSTRUMENT.
<br />THIS AGREEMENT, made this 17th day of December, 2003, by Calvin B.
<br />Splattstoesser and Robyn L. Splattstoesser, husband and wife, owner of the land
<br />hereinafter described and hereinafter referred to as "Owner," and United Nebraska
<br />Bank, present owner and holder of the Deed of Trust and Note first and hereinafter
<br />referred to as `Beneficiary;"
<br />WITNESSETH:
<br />THAT, WHEREAS, Calvin B. Splattstoesser and Robyn L. Splattstoesser,
<br />husband and wife, did execute Deeds of Trust dated May 22, 2000, and dated November
<br />8, 2003, to United Nebraska Bank as Trustee, covering:
<br />Lot Twelve (12), Block One (1), Colonial Estates Subdivision to the City of Grand Island, Hall
<br />County, Nebraska.
<br />to secure a Note in the sum of $27,147.50, dated May 22, 2000, and recorded May 30,
<br />2000, as Document No. 200004348, and to secure a Note in the sum of $30,100.50, dated
<br />November 8, 2003, and recorded November 17, 2003, as Document No. 200315023, in
<br />favor of United Nebraska Bank in the Office of the Register of Deeds of Hall County;
<br />and
<br />WHEREAS, Owner has executed, or is about to execute, a Deed of Trust and
<br />Note in the sum of $73,000.00 dated December 17, 2003, in favor of United Nebraska
<br />Bank, hereinafter referred to as "Lender," payable with interest and upon the terms and
<br />conditions described therein, which eed of Trust is to be recorded concurrently
<br />herewith; and �Cc re {SCI' c?r�'lbz�'' o��i,�%v pG'L-- '
<br />IT IS RECOMMENDED THAT, PRIOR TO THE EXECUTION OF THIS �!
<br />SUBORDINATION AGREEMENT, THE PARTIES CONSULT WITH THEIR
<br />ATTORNEYS WITH RESPECT THERETO.
<br />WHEREAS, it is a condition precedent to obtaining said loan that said Deed of
<br />Trust last above mentioned shall unconditionally be and remain at all times a lien or
<br />charge upon the land hereinbefore described, prior and superior to the lien or charge of
<br />the Deed of Trust first above mentioned; and
<br />WHEREAS, Lender is willing to make said loan, provided the Deed of Trust
<br />securing the same is a lien or charge upon the above - described property prior and
<br />superior to the lien or charge of the Deed of Trust first above mentioned and provided
<br />that Beneficiary will specifically and unconditionally subordinate the lien or charge of the
<br />Deed of Trust first above mentioned to the lien or charge of the deed of Trust in favor of
<br />Lender; and
<br />WHEREAS, it is to the mutual benefit of the parties hereto that Lender make such
<br />loan to Owner; and Beneficiary is willing that the Deed of Trust securing the same shall,
<br />when recorded constitute a lien or charge upon said land which is unconditionally prior
<br />and superior to the lien or charge of the Deed of Trust first above mentioned.
<br />NOW, THEREFORE, in consideration of the mutual benefits accruing to the
<br />parties hereto and other valuable consideration, the receipt and sufficiency of which
<br />consideration is hereby acknowledged, and in order to induce Lender to make the loan
<br />above referred to, it is hereby declared, understood, and agreed as follows:
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<br />SUBORDINATION AGREEMENT
<br />NOTICE: THIS SUBORDINATION AGREEMENT RESULTS IN YOUR SECURITY
<br />INTEREST IN THE PROPERTY BECOMING SUBJECT TO AND OF LOWER
<br />PRIORITY THAN THE LIEN OF SOME OTHER OR LATER SECURITY
<br />INSTRUMENT.
<br />THIS AGREEMENT, made this 17th day of December, 2003, by Calvin B.
<br />Splattstoesser and Robyn L. Splattstoesser, husband and wife, owner of the land
<br />hereinafter described and hereinafter referred to as "Owner," and United Nebraska
<br />Bank, present owner and holder of the Deed of Trust and Note first and hereinafter
<br />referred to as `Beneficiary;"
<br />WITNESSETH:
<br />THAT, WHEREAS, Calvin B. Splattstoesser and Robyn L. Splattstoesser,
<br />husband and wife, did execute Deeds of Trust dated May 22, 2000, and dated November
<br />8, 2003, to United Nebraska Bank as Trustee, covering:
<br />Lot Twelve (12), Block One (1), Colonial Estates Subdivision to the City of Grand Island, Hall
<br />County, Nebraska.
<br />to secure a Note in the sum of $27,147.50, dated May 22, 2000, and recorded May 30,
<br />2000, as Document No. 200004348, and to secure a Note in the sum of $30,100.50, dated
<br />November 8, 2003, and recorded November 17, 2003, as Document No. 200315023, in
<br />favor of United Nebraska Bank in the Office of the Register of Deeds of Hall County;
<br />and
<br />WHEREAS, Owner has executed, or is about to execute, a Deed of Trust and
<br />Note in the sum of $73,000.00 dated December 17, 2003, in favor of United Nebraska
<br />Bank, hereinafter referred to as "Lender," payable with interest and upon the terms and
<br />conditions described therein, which eed of Trust is to be recorded concurrently
<br />herewith; and �Cc re {SCI' c?r�'lbz�'' o��i,�%v pG'L-- '
<br />IT IS RECOMMENDED THAT, PRIOR TO THE EXECUTION OF THIS �!
<br />SUBORDINATION AGREEMENT, THE PARTIES CONSULT WITH THEIR
<br />ATTORNEYS WITH RESPECT THERETO.
<br />WHEREAS, it is a condition precedent to obtaining said loan that said Deed of
<br />Trust last above mentioned shall unconditionally be and remain at all times a lien or
<br />charge upon the land hereinbefore described, prior and superior to the lien or charge of
<br />the Deed of Trust first above mentioned; and
<br />WHEREAS, Lender is willing to make said loan, provided the Deed of Trust
<br />securing the same is a lien or charge upon the above - described property prior and
<br />superior to the lien or charge of the Deed of Trust first above mentioned and provided
<br />that Beneficiary will specifically and unconditionally subordinate the lien or charge of the
<br />Deed of Trust first above mentioned to the lien or charge of the deed of Trust in favor of
<br />Lender; and
<br />WHEREAS, it is to the mutual benefit of the parties hereto that Lender make such
<br />loan to Owner; and Beneficiary is willing that the Deed of Trust securing the same shall,
<br />when recorded constitute a lien or charge upon said land which is unconditionally prior
<br />and superior to the lien or charge of the Deed of Trust first above mentioned.
<br />NOW, THEREFORE, in consideration of the mutual benefits accruing to the
<br />parties hereto and other valuable consideration, the receipt and sufficiency of which
<br />consideration is hereby acknowledged, and in order to induce Lender to make the loan
<br />above referred to, it is hereby declared, understood, and agreed as follows:
<br />
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