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<br />WHEN RECORDED MAIL TO:
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<br />GMAC Mortgage, LLC
<br />1100 Virginia Drive
<br />Ft. Washington, PA 19034
<br />Attn: Vernice Mainor
<br />
<br />SUBORDINATION AGREEMENT
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<br />THIS AGREEMENT, made December 18,2007, by Mortgage Electronic Registration Systems,
<br />Inc. , present owner and holder of the Note first hereinafter described and hereinafter referred to as
<br />"Beneficiary";
<br />
<br />WIT N E SSE T H:
<br />
<br />THA T John D Zlomke and Cindi S Zlomke, Husband and Wife, ("Owner"), did execute a Deed
<br />of Trust dated 7/18/2007, to Old Republic National Title Insurance Company, as trustee, covering:
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<br />lot One (1), Block One ~1), Westroads Estates Subdivision, City of Grand Island,
<br />Hall CO'lll1ty f. Nebraska
<br />To secure a Nofe in the sum of $25,000.00 dated 7/18/2007 in favor of Mortgage Electronic Registration
<br />Systems, Tnc. , which Deed of Trust was recorded on 8/16/2007 as Document No. 200707032, Official
<br />Records.
<br />
<br />WHEREAS, O~er has executed, or is about to execute, a Deed of Trust and note in the sum of
<br />$147,200.00 dated JJ- (j 1- 07 in favor of Charter West National Bank, and its successors and/or
<br />assigns, as their interests may appear, hereinafter referred to as "Lender", payable with interest and upon
<br />the terms and conditions described therein, which Deed of Trust is to be recordid concurrently herewith; and
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<br />
<br />WHEREAS, it is a condition precedent to obtaining said loan that said Deed of Trust last above
<br />mentioned shall unconditionally be and remain at all times a lien or charge upon the land hereinbefore
<br />described, prior and superior to the lien or charge of the Deed of Trust first above mentioned; and
<br />
<br />WHEREAS, Lender is wiIling to make said loan provided the Deed of Trust securing the same is a
<br />lien or charge upon the above described property prior and superior to the lien or charge of the Deed of Trust
<br />first above mentioned and provided that Beneficiary will specifically and unconditionally subordinate the lien
<br />or charge of the Deed of Trust first above mentioned to the lien or charge of the Deed of Trust in favor of
<br />Lender; and
<br />
<br />WHEREAS, it is to the mutual benefit of the parties hereto that Lender make such loan to Owner;
<br />and Beneficiary is willing that the Deed of Trust securing the same shall, when recorded, constitute a lien
<br />or charge upon said land, which is unconditionally prior and superior to the lien or charge of the Beneficiary's
<br />Deed of Trust first above mentioned.
<br />
<br />NOW THEREFORE, in consideration of the mutual benefits accruing to the parties hereto, and
<br />other valuable consideration, the receipt and sufficiency of which is hereby acknowledged, and in order to
<br />induce Lender to make the loan above referred to, it is hereby declared, understood and agreed as follows:
<br />
<br />(1) That said Deed of Trust securing said note in favor of Lender, shall
<br />unconditionally be and remain at all times a lien or charge on the property therein
<br />described, prior and superior to the lien or charge of the Beneficiary's Deed of Trust first
<br />above mentioned.
<br />
<br />(2) That Lender would not make its loan above described without this Subordination
<br />Agreement.
<br />
<br />(3) Nothing herein contained shall atfect the validity or enforceability of Beneficiary's
<br />Deed of Trust except for the subordination as aforesaid.
<br />
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