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200601120
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Last modified
2/8/2006 1:28:56 PM
Creation date
2/8/2006 1:28:56 PM
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DEEDS
Inst Number
200601120
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<br />'. <br /> <br />200601120 <br /> <br />ACCORDINGLY, in consideration of the property and for other good and valuable <br />consideration, the receipt and sufficiency of which are hereby acknowledged, Lien <br />Holder hereby agrees with Lender as follows: <br /> <br />1. Regardless of any priority otherwise available to Lien Holder, the lien of the <br />Subordinated Instrument is, shall be and shall remain fully subordinate for all <br />purposes to the lien of the Lender Instrument, to the full extent ofthe sum secured <br />by the Lender Instrument, including not only principal and interest on the <br />principal indebtedness secured thereby but all other sums secured by the Lender <br />Instrument, excluding non-obligatory future advances. <br /> <br />2. Lien Holder warrants to Lender that Lien Holder presently owns the Subordinated <br />Instrument and indebtedness secured thereby, free and clear of all liens, security <br />interests and encumbrances. <br /> <br />3. This Agreement is made under the laws ofthe State of NEBRASKA. It cannot be <br />waived or changed, except by a writing signed by the parties to be bound thereby. <br />This Agreement is made between Lender and Lien Holder. It shall be binding <br />upon Lien Holder and the successors and assigns of Lien Holder, and shall inure <br />to the benefit of, and shall be enforceable by, Lender and its successors and <br />assigns. Neither the Debtor nor any other person (except Lender, its successors <br />and assigns), shall be entitled to rely on, have the benefit of or enforce this <br />Agreement. <br /> <br />IN WITNESS WHEREOF, this Subordination Agreement is executed on the day <br />and year first above stated. <br /> <br />WELLS FARGO BANK, N.A. <br /> <br />NOTICE: This subordination agreement contains a <br />provision which allows the person obligated on your real <br />property security to obtain a loan a portion of which may be <br />expended for oth r purpos s than improvement of the land <br /> <br />wif!L- <br /> <br /> <br />elissa Williams <br />Title: Vice President of Loan Documentation <br />
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