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<br />SAM GRWAUNGER
<br />Lawyer
<br />P. G. 8 ;x 574
<br />3n, WEST FOUR7+4 ST
<br />CWAND tS:ANU. NE GU x?
<br />TF-E.P ONE 30£s W,21
<br />85- 005398
<br />SUBORDINATION AGREEMENT
<br />We, Gordon and Kathy Jean Salchow, husband and wife,
<br />Ron McGuire and Barbara Ann McGuire, husband and wife, Gordon
<br />Bierman and Susan Jane Biernar, husband and wife, and San
<br />Grimminger and Patricia Kay Grimninger, husband and wife,
<br />each in their own separate rights, do herebv state, re--resent
<br />and subordinate their interest as follows:
<br />_. That the undersigned currently hold a lien against:
<br />Lot One Hundred and Two (102),
<br />Belmont Addition to the City
<br />of Grand Island, Hall Courtyf
<br />Nebraska,
<br />consisting of a mortgage filed August 25, 1983, Register
<br />of Deeds Of -Tice, Hall County, Nebraska, under do^urient
<br />number 83- 004500, in an in.r-ial amount of >35,DQ0 with Dynasty _
<br />Enter rises, inc., A Corporation, as mortgagor.
<br />2. That mortgagor, Dynasty Enter- rises, _n , A
<br />Corporation, desires t_ .borrow _'-ands from Equitable Sul ld -nIo
<br />and Loan Association of Grand Island, Nebraska, secured
<br />a mortgage zn said °ropert', -. That the undersigned ar_ stock-
<br />holders in Dynast, Enter._ises, - - -- , A Corpora-_ -- , - ^d
<br />Will Indirectly benefit from the le- d' -'!7 Cf Such =- •_..".5.
<br />3. That said lender is willing tc loan -none-,, _
<br />Enterprises, Inc., A Corporation., if the unders _ e'd
<br />subordinate the -, iDreser= i_C "?:_tC i =__.1 .:.. Gr .. :... ^.:C ==t
<br />.. . _.3- ...'15'J' ) s '-at
<br />4. That for and in conslderat --= of said lender acr -ling
<br />1--an funds to Dynasty Ente ^rises, T_ C A Gcr-.or_ti.._., the
<br />undersigned do her°_; y state �..,d _-. reseni_ t:':3t tnclr _1•?.-
<br />= aainnst the herein_ described - remises, _..-w1-. '.^.'c=.
<br />identi- -e3 as document number 83- 004500, shall be suborn -orate
<br />to the following lien or mgr gage "?_ .uitab e B;ii d;. _ and
<br />Loar, Association.:
<br />6
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