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<br /> ;0 n ~ <br /> \'T1 <br /> .,., ::E: fTl <br /> c:: M1 U) r'....,. <br /> ,:::::-::> oft <br /> l('\ z () :c c::;:, a (J) <br /> ;l\ ~ en O-i <br />f\..) :I: ~ t:J C:l> <br />S rn (ll :D ~' "T\ :z: -i Nfl <br />.. r..,.., <br />S n (I) rrl -4.r.. o::J -ir>! <br />0) ;l\ ::c <;-:> -, -<0 ~G: <br />s 0'> o(~ N <br />...... o .,., <br />0) C "'r1 -C "'>1z ~I <br />...... 0 t~" ::r. rT'J <br />c:o rn r -0 J:,.. co <br /> 1"'1 ::3 r ::u <br /> 0 .}:> <br /> en <br /> f-> (J) <br /> N ::><; <br /> l> <br /> ,,'0. N ","--","'-""" <br /> ..,< N (1'1 (Q ~ <br /> ",,'~; (1'1 <br />----.- <br /> <br />200601619 <br /> <br />SUBORDINATION AGREEMENT <br />RECORDING REQUESTED BY: <br />WHEN RECORDED MAIL TO: <br /> <br />Recording Requested by & fl:.t:~ <br />When Recorded Return To;~8"/S10Z' <br />US Recordings, Inc. <br />2926 Country Drive Ste 201 <br />St. Paul, MN 55117 <br />Escrow:-- T (b~::IZ;J"- <br />Title: 1769923VT <br />APN: 400136732 <br /> <br />/5: 50 <br /> <br />SPACE ABOVE THIS LINE FOR RECORDERS USE ONLY <br /> <br />NOTICE: THIS SUBORDINATION AGREEMENT RESULTS IN YOUR SECURITY INTEREST IN THE <br />PROPERTY BECOMING SUBJECT TO AND OF LOWER PRIORITY THAN THE LIEN OF SOME OTHER <br />OR LATER SECURITY INSTRUMENT. <br /> <br />Z\'\t\- :v ' 0(\-.(\ LO <br />THIS AGREEMENT, made this .1" - day of }.r)\j)J~ (-\J...) by John W. Osenbaugh and <br />Rae Osenbaugh, husband and wife owner ofthe land hereinafter scribed and hereinafter referred to as <br />"Owner", and Home Federal Savings and Loan Association of Grand Island, a Nebraska Corporation <br />present owner and holder of Deed of Trust and Note first hereinafter described and referred to as "Beneficiary." <br />~ ~c:.orC..l.CGr\cJ rr€,,+ I j <br />WITNESSETH <br /> <br />THAT WHEREAS, John W. Osenbaugh and Rae Osenbaugh, husband and wife did execute a Deed of Trust, <br />dated 9/16/2005 To Home Federal Savings and Loan Association of Grand Island, a Nebraska Corporation <br />as Mortgagee covering. <br /> <br />"SEE LEGAL DESCRIPTION A TT ACHED" <br /> <br />To secure a Note in the sum of $5,663.71 dated 9/16/2005 in favor of Home Federal Savings and Loan <br />Association of Grand Island, a Nebraska Corporation which Deed of Trust was recorded on 10/3/2005 as <br />Instrument # 0200509787 of Official Records of said county; and <br /> <br />WHEREAS, Owner has executed. or is about to execute. a Deed of Trust and note in the sum of $43,244.00 in <br />favor of Midfirst Bank. Herein after referred to as "Lender", payable with interest and upon the terms and <br />conditions described therein, which Deed of Trust is to be recorded concurrently herewith; and. <br /> <br />WHEREAS, It is a condition precedent to obtaining said loan that said Deed of Trust last above mentioned shall <br />unconditionally be and remain at all times a lien or charge upon the land hereinbefore described, prior and <br />superior to the lien or charge of the deed of Trust first above mentioned; and <br /> <br />WHEREAS, Lender is willing to make said loan provided the Deed of Trust securing the same is a lien or charge <br />upon the above described property prior and superior to the lien or charge of the Deed of Trust first above <br />mentioned and provided that Beneficiary will specifically and unconditionally subordinate the lien of the Deed of <br />Trust first above mentioned to the lien or charQe of the Deed of Trust in favor of Lender; and <br />