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;0 n () m :r: > '........ ." I'n CI>> c=:3> C')(f) C c::=> <::> Z n :z: ':I-.. C>':> o -t f () ;lI; c::l> N J: (') 0 ~~ 3 :z:-t > ~ :;:::0 -I1T1 rn ~~ -c c::> n C/) -<0 N x: :E: ~ 0-'" 0 (S) ""Tl CJl ""z en IS r ;:- en k\ 0 ::em IS m -0 l>CO c:> .f::>. n1 ::3 r :::0 I N '0 0 r l> ...r: en (f) en c..:> f"-> en ^ 200604266 l> 0') <::> -.- CJl en C7) (f) SUBORDINA nON AGREEMENT Z 0" ------ WHEREAS, Archer Cooperative Credit Union, (hereinafter referred to as Archer Cooperative") is the Beneficiary and holder of a Deed of Trust executed by Shafer Properties, LLC, (hereinafter called the "Borrower") dated July 21,2005, and recorded July 22,2005, as Instrument No. 200507024, of the records of Hall County, Nebraska, covering the following described real estate, to-wit: \~ ~ A tract of land comprising a part of Lot One (I), Dowd Subdivision in the City of Grand Island, Hall County, Nebraska. said tract being more particularly described as follows: :D- C ;5 z: i:! C') rn .... :::i r- J"I'I tn fT1 :::a < n I'TI tn Beginning at the Northwest corner of said Lot One (1); thence mIllling Easterly on the North line of said Lot One (1) for a distance of Thirty (30.00) feet; thence Southerly parallel with the West line of said Lot One (1) for Twenty (20.00) feet; thence Westerly parallel with the North line of said Lot One (1) for Thirty (30.00) feet to a point on the West line of said Lot One (1); thence Northerly on the West line of said Lot One (1) for Twenty (20.00) feet to the Point of Beginning (the "Subject Real Estate"). WHEREAS, Borrowers have granted an easement to TLC Properties, LLC covering the Subject Real Estate, said easement hereinafter referred to as "TLC's Easement", said Easement being recorded on ~ 5 ;),PC{p ,2006, as Instrument No. 200reJ-f~bS of the Hall County, Nebraska real estate recor s; and WHEREAS, TLC's interest in said Easement should be paramount and superior to the lien of Archer Cooperative. NOW, THEREFORE, in consideration of One Dollar ($1.00) and other valuable consideration to Archer Cooperative, the receipt whereof is hereby acknowledged, Archer Cooperative does hereby waive the priority of its Deed of Trust as described above and agrees that said TLC's Easement shall be superior to said Archer Cooperative's Deed of Trust and Archer Cooperative agrees that its Deed of Trust executed and recorded prior in time to said TLC's Easement shall be subject, jWlior, and subordinate to TLC's Easement. Provided, however, that nothing herein contained shall operate in any way to release or affect the validity of the Archer Cooperative's security instruments as liens upon the Subject Real Estate or to otherwise affect the priority of said Archer Cooperative's lien except as herein provided. This Agreement shall be binding upon the undersigned and its successors and aSSigns. Executed this ~ day of May, 2006. Archer Cooperative Credit Union By ~ 4r-- ) ) SS COUNTY OF HALL ) On this \ Zt!'1day of May, 2006, before me the undersigned, a Notary Public, personally came m~ L.o-vYIOv'\ ,b((tnch rYIc~ of Archer Cooperative Credit Union, by me known to be the identical person whose natne is affixed to the foregoing instrument in said capacity and acknowledged the execution thereof to be the voluntary act and deed of said person and the voluntary act and deed of said corporation. STATE OF NEBRASKA 20, 1.cc9\