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g5..: 006360 SUBORDINATION AGREEMENT jl We, Gordon and Kathy Jean Salchow, husband and wife, Ron McGuire and Barbara Ann McGuire, husband and wife, Gordon Bierman and Susan Jane Bierman, husband and wife, 'I and Sam Grimminger and Patricia Kay Grimminger, husband and wife, each in their own separate rights, do hereby state, represent and subordinate their interests as follows: 1. That the undersigned currently hold a lien against: Lot One Hundred and One (101), BelmonL Addition to the City cf Grand Island, Hall County, Nebraska, _ consisting of a mortgage filed August 25, 1983, Register of Deeds Office, Hall County, Nebraska, under document 83- 004500, in an initial amount of $35,000 with Dynasty Enterprises, Inc., A Corporation, as mortgagor. 2. That mortgagor Dynasty Enterprises, Inc., A Corpora- tion, desires to borrow funds from Equitable Building and Loan Association of Grand Island, Nebraska, secured by a mortgage on said property. That the undersigned are stockholders in Dynasty Enterprises, Inc., A Corporation, and will indirectly benefit from the lending of such funds. 3. That said lender is willing to loan money to Dynasty Enterprises, Inc., A Corporation, only if the undersigned subordinate their present. liei, (mortgage filed under docu- meirt number 4. That for and in consideration of said lender agreeing to loan funds to dynasty Enterprises, Inc., A Corporation, the undersigned do lvreby state and represent that their Lien against the herein described premises, to -wit: mortgage identified as document number. 33- 004500, shall be subord- inate to the following lien or mortgage of Equitable Build- ing and Loan Associat. ion: Document #85- 005397, Hail County SAM GRUAWNGER Lawyer Register of Deeds Office, Hall Cauntv, Nebraska; P. O. BOX 974 325wE5T FOURTH $T I all to the same extent as though said lenders mortgage GRAND ;tLANV, NC 589002 TE L. EPhON E. r U