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<br />SUBORDINA nON AGREEMENT
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<br />NOTICE; THIS SUBORDINATION AGREEMENT RESULTS IN YOUR SECURITY
<br />INTEREST IN THE PROPERTY BECOMING SUBJECT TO AND OF LOWER
<br />PRIORITY THAN THE LIEN OF SOME OTHER OR LATER SECUIRTY
<br />INSTRUMENT.
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<br />THIS AGREEMENT, made this 8th day of May, 2007, by Danny and Sarah
<br />Anson, married persons, owner of the land hereinafter described and hereinafter referred
<br />to as "Owner", and Wells Fargo Bank, NA, present owner and holder ofthe Deed of
<br />Trust and Note first and hereinafter described and hereinafter referred to as
<br />"Beneficiary" .
<br />
<br />WITNESSETH:
<br />
<br />THAT, WHEREAS, Danny and Sarah Anson, married persons, DID EXECUTE a
<br />Deed of Trust dated May 19,2005 to the City of Grand Island, covering:
<br />
<br />Lot Six (6), Block Twenty-Six (26),Original Town, City of Orand Island,
<br />NE Hall County, a/k/a 510 East 4lh Street.
<br />
<br />To secure a Note in the sum of $20,000.00 dflted May 19, 2005 in favor of the City of
<br />Grand Island, which Deed of Trust was recorded June 8, 2005 as Document No.
<br />200505159 in the Official Register of Deeds Office of Hall County (remaining amount
<br />owed as of April 19, 2007 is $16,166.67); and
<br />
<br />WHEREAS, Owner has executed, or are about to execute, a Deed of Trust and
<br />Note in the sum of $35,200.00 dated on or after May 8, 2007 in favor of Wells Fargo
<br />Home Mortgage, hereinafter referred to as "Beneficiary" payable with interest and upon
<br />the terms and conditions described therein, which Deed of Trust is to be recorded
<br />concurrently herewith; and
<br />
<br />IT IS RECOMMENDED THAT; PRIOR TO THE EXECUTION OF THIS
<br />SUBORDINATION AGREEMENT, THE PARTIES CONSULT WITH THEIR
<br />ATTORNEYS WITH RESPECT THERETO.
<br />
<br />WHEREAS, it is a condition precedent to obtaining said loan that said Deed of
<br />Trust last above mentioned shall unconditionally be and remain at all times a lien or
<br />charge upon the land hereinbefore described, prior and superior to the lien or charge of
<br />the Deed of Trust first above mentioned; and
<br />
<br />WHEREAS, Beneficiary is willing to make said loan, provided the Deed of Trust
<br />securing the same is a lien or charge upon the above-described property prior and
<br />superior to the lien or charge of the Deed of Trust first above mentioned and provided
<br />that Beneficiary will specifically and unconditionally subordinate the lien or charge of the
<br />Deed of Trust first above mentioned to the lien or charge of the Deed of Trust in favor of
<br />Beneficiary; and
<br />
<br />WHEREAS, it is to the mutual benefit of the parties hereto that Beneficiary make
<br />such loan to Owners; and Beneficiary is willing that the Deed of Trust securing the same
<br />shall, when recorded constitute a lien or charge upon said land which is unconditionally
<br />prior and superior to the lien or charge of the Deed of Trust first above mentioned.
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