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<br />
<br />by and retum to:
<br />Wells Fargo Financial Bank, PO Box 5943, Sioux Falls, SO 57117-5943 for
<br />Wells Fargo Financial Bank 2 0 0 7 1 0 6 3 ()
<br />
<br />- SUBGREHNATION AGREEMENT---- c-5
<br />.:JI 0
<br />
<br />This agreement made this 14th day of December, 2007, between Wells Fargo Financial Nebraska, Inc" (hereinafter referred to as
<br />favored creditor), and Wells Fargo Financial Bank (hereinafter referred to as subordinating creditor), witnesseth:
<br />
<br />That in consideration of subordinating creditor entering into this subordination agreement, favored creditor agrees to lend not to
<br />exceed $99,320,52 in accordance with that certain agreement between favored creditor and Glenda Kay Lueders, A Single Person
<br />( debtor),
<br />
<br />In consideration of favored creditor making aforesaid loan to debtor, subordinating creditor agrees that the mortgage/deed of trust
<br />(hereafter "mortgage") executed in its favor by debtor on November 21, 2003 and recorded in the mortgage records of Hall County,
<br />State of Nebraska as Book , Page , Docket # 200315718, be subject, inferior, junior, secondary and subordinate to a
<br />mortgage which is executed by debtor in favor of favored creditor as security for the aforesaid loan, and that said mortgage and debt
<br />in favor of favored creditor shall have priority over said mortgage and debt in favor of subordinating creditor, with respect to the
<br />property legally to wit:
<br />
<br />Lot Fourteen (14) Island Acres Number Six (6) a replat of Lots Nineteen (19) and Twenty (20) Island Acres, City of Grand Island, Hall
<br />County, Nebraska.
<br />
<br />Provided. however, that this agreement to subordinate shall not extend to any advances made by favored creditor after the date of
<br />the loan described above (except that this subordination agreement shall extend to any future advances made for taxes and
<br />insurance to protect favored creditor's interest), and provided, however, that this Agreement is based upon favored creditor's
<br />representation that subordinating creditor will not be reduce~_to less thanC:l !!~COndmClrtga.9~-P_Cl.siti()nby virtu~L9_texecutLl19 this
<br />Agreement. - - ----- ---
<br />
<br />Wells Fargo Financial Bank
<br />Subordinating Cr ditor
<br />
<br />By
<br />Darin Lig
<br />
<br />
<br />State of South Dakota
<br />
<br />County of Minnehaha
<br />
<br />The foregoing instrument was acknowledged before me this 14th day of December. 2007, by Darin Ligtenberg. Title Officer of Wells
<br />Fargo Financial Bank, a South Dakota corporation, on b,ehalf of e oration.
<br />
<br />
<br />ANGELA PETERSON
<br />~ NOTARYPUlJUC ~
<br />~ SOUTH DAKOTA ~
<br />l.ffi::~~~~qf~~ft~'J~~f~A
<br />
<br />My Commission Expires:
<br />
<br />April 27, 2012
<br />
<br />NE-D936NOWLlNE-1205 (BNK) (ROC)
<br />
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