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<br /> Q~\> r..,;o <br /> <::::;;> (") en <br /> <== <br /> '" ~l -..;r 0 --,.l <br /> m c::::.)> <br /> .." n1 VI :n z --,.l <br /> c: () ::t :::0 ~~ c:: --,.ll'Tl <br /> Z " fTl .j.. G") -< <br />n ~ c ~ ~,-{~ 0 <br />% ~ N <;) ...,., <br />m 0 ""Tl ...r:: ...., :z: <br />n t~ :;r: rn <br />;'l; :r: \} to <br /> fTl -0 l> co <br /> fTl t ::3 r :;0 <br /> <::;;l r l> <br /> (,() en <br /> c:..:> "'" <br /> > <br /> 0 -- <br /> ...r:: ~ <br /> er!i <br /> <br />p <br /> <br />=- <br /> <br />J\.) <br />e <br />e <br />-.....J <br />e <br />'"'..J <br />J\.) <br />-.....J <br />-->. <br /> <br />200707271 <br /> <br />SUBORDINATION AGREEMENT <br /> <br />~I <br /> <br />o~ <br />~i <br />~! <br />~ ~ <br /> <br />(' . <br />--.-" f.v .00 <br /> <br />COMES NOW the City of Grand Island, Nebraska, secured party and hereby partially <br />subordi~~!es !_~_real_:~~~_~e li~~~~~_~~:.~on March _12, 1_9~6_, ?~t~~following ~es?~~~d~laa!e~~~te: <br /> <br />All of Lots Two (2) and Three (3), except the Southerly 33 feet of the Westerly 25 feet of Lot <br />Three (3), Block Six (6), Original Town, now City of Grand Island, Hall County, Nebraska according to the <br />recorded plat thereof. . ~ <br /> <br />It is the intent of this Agreement that the trust deed for amounts loaned by Charter West National*atl>1b 113 <br />Bank (New Lender) to Dennis A. Gebers and Diane L. Gebers (Borrowers) that has beertror is about to be <br />filed, shall be superior to the real estate lien of the City of Grand Island, its successors and assigns <br />recorded March 12, 1986, up to the amount of $44,800.00 plus interest and amounts advanced to protect <br />the collateral. Thereafter, the City of Grand Island's lien shall have priority. It is further understood that <br />this subordination shall include all current obligations, extensions, renewals, advances or modifications <br />made by the City of Grand Island, Nebraska to Borrowers which is secured by the real estate lien <br />recorded March 12, 1986 at Document Number 86-101197 in the records of the Register of Deeds of Hall <br />County, Nebraska. Nothing in this Subordination Agreement is intended as a promise to provide <br />financing or make advances to Borrowers by the City of Grand Island, Nebraska and it is not the intention <br />of the City of Grand Island, Nebraska to warrant or guarantee the obligations of Borrowers but merely to <br />partially subordinate its lien interests under the instrument recorded at Document Number 86-101197. It <br />is understood that Charter West National Bank (New Lender) intends to lend funds to Borrowers but that <br />the subordinated amount is not to exceed $44,800.00 plus interest and amounts advanced to protect the <br />collateral. <br />Nothing in this instrument is intended to relieve Borrowers of their obligation to make payments to <br />the City of Grand Island, Nebraska or to subordinate any other lien interests including, but not limited to, <br />real estate taxes and special assessments. <br /> <br />Dated:~/J/d(J?YfJ:-ity of Grand Island, Nebraska <br /> <br />By IvLfl~A>AA~ ~?t- <br />STATE OF NEBRASKA) ~ M;rga~t Hornady, Mayor <br />)ss. <br />COUNTY OF HALL ) <br /> <br />The foregoing instrument was acknowledged before me 0&1 /.: r:l /' ,;;(67 ,20 QJ <br />by Margaret Homady, Mayor of the City of Grand Island, 71' ~ <br /> <br />J1A.P'((bIiC . Ad <br /> <br /> <br />GENERAL NOTARY - state of Nebraska <br />SHERRY A. PETERS <br />My Comm. Exp. April 9, 2008 <br />