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SAM C.AVAWNGER
<br />Lawyer
<br />27r,, Wisly FWPTH
<br />!SLA%D, rani. G£tEU`2
<br />ii.;.LpP c✓ra 3:.�f�Ce "r :ifs
<br />X -5- 005398
<br />g5_... 05733
<br />SUBORDINATION AGREEMENT
<br />We, Gordon and Kathy Jean Salchow, husband and wife,
<br />Ron McGuire and Barbara Ann McGuire, husband and wire, Gordon.
<br />Bierman and Susan Jane Bierman, husband and wife, and Sam
<br />GrinLmir_ctr and Patricia Ray Gri minger, husband and wife,
<br />each in their own separate rights, do hereby state, represent
<br />and subordinate their interest as follows:
<br />1. That the undersigned currently hold a lien against:
<br />Lot One Hundred and Two (102),
<br />.6el:nont Addition to zhle Lit%
<br />of Grand Island, Hail County,
<br />Nebraska,
<br />consisting of a mortgage filed August 25, 1963, Register
<br />of Deeds Office, Hall Count', Nebraska, under document
<br />nu.:er 63- 004300, in an initial amount or $31,000 with Dvnasty
<br />Enterprises, inc., A corporation, as mortgagor.
<br />2. That mortgagor, Dvnasty 7-n— rlSeS, 7r.C. , A
<br />CorDVration, desires to .:sorrow f rds from Equitable Building
<br />and Loan Association of Grand Island, Nebraska, secured by
<br />a mortgage on said Yropert: That the- unders_,ned are stock -
<br />holders in Dynasty Entertrises, Inc., A = crporation, and
<br />will indi ect1'y ✓enefi.. from the lendin. .f such lun.ds.
<br />3. That said lender is wi;na t.. loa . ..one',
<br />_ to D'. °-sour.:
<br />Enterprises, Inc., A Cc - ration, = -_ >> the ..rde.- = :gn.e =c
<br />subc,rdinat_ th'r-ir ::,resent _1_.. (.no_ aae _ -lad under document
<br />4. That --c_ ..nd �Df sal... _ender acreeinc
<br />to loa_. _ u Ads to Dynasty Enter 1 =es , Inc., .. for oration, the
<br />undersigned dc, here-by star_ represent that their lien
<br />against the h•erein descri::e -3 r.mises, to-wit: -n C; ge
<br />�
<br />identiied as doc -anent number B_:-004E500, shall De subordinate
<br />to the following lien or mortgage E uitah.e Bui :ding -arid
<br />Loan Association: liortgage identified as docur..nt narrber 85- 05399,
<br />sated on the _15th day of ' rter, 1963
<br />L �
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