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SUB'£7RDINr~TI~iV AGREE~IEz`IL ~ ~~. w_. T~ZS AGREENtENT entered into this ,`_ day of ?anuary, 1383, be- tu:eEan. TT•3~ t;QtII'I`AP,L~- BUILDING SEND i.,~JAN ~tS50CIATI47N OF GRAND ISLAND, _~ BR.~SK~~, First Party, JACK ~. T,INGEI~~AN, Second Party, and JF'RRY L. SEIIx~TII;GER and RG.SEMARY SCHWI.~GER, TI'yirc3 Parties. 'Chirri Pag•ties are t'he c>raners of a parcel of land situated in: Tt-~e Southwest Quarter o~ the So~.zt.hwest Q~zarter (SW-;,SW ) off, Section 21, ?'awnship 3.1 North, Range t), t~iest of the 6th P.:~I. , in ~ial1 County, Nebraska, mare particularly described as lollaws: Commenc- ing at a point 163.3 1:eet. West of the Satztheast corner of said Southwest Quarter o£ the Southwest Quarter and running thence North <~znd on a line parallel wi.tiz the East boundary line of said Sauth- west Quarter of the Southwest. Qzzarter, a distance of 140.7 feet; thence at right angles r:~nd in an ~a,sterly direction to the east boundary line :~t said Southwest Quarter of the Southwest Quarter.; thence: Southerly aiang said East boundary :Line ai tt~~e Soz~theast earner of said Southwest Quarter oi' the Southwest Quarter; and thence at right. angles i.n a Westerl~w~ direction to the ~:>iacc; c~z beginning, and are desirous cif ~>blai.ning 4an adcii t.ic7nal i.caan ~;gai.nst said pr.emi.se.> i"rom First Party. Second E'arty }gas a Real 'r~state ~"~iort- gagu lie>r~E tag;ainst said premises bearing L)actzment Na. 76-C?021Z0 and in the ~:~r~;inal amount ~~f $93,~.i0().Ot3, <and is will i.ng to st~bardirzz-;ate t:he lien oL~ such :a~art.,~;age in #avar ;:~C a new mortgage loan .[rozE~ First Warty to 7"bird ~'artes i.zi zzi azziaunt not to exceed $_ 25,500.U0 ..~_~.~ ~._ It is agreed among the parties hereto that First Party will ma-ke an aadd.tianal ~tar.tgagca loan to `1~hird Parties against and secured by the above-de.scr.bed premises in an amount not to exceed $ 26,~(}ga{}gT ~, and earhtch mortgage lawn will be the first mortgage lien, together with prior mortgage kirst Party has agaa.nst the above-described prerzrises. Second Party agrees to subordinate hats said nortg~ge rec,orcied .~s hoc ~, per: i 1'3cr: 76-(1C}212~J to such new ~tartgage loan and ttzc -: i :~ ~ 1 , ~?; ~ .~ ,~ ': can cif First Party, ~.~- 'c-~~` ci~_ --.a±:~~es- .h~ r3~.tE fi.rct ~„ . ,,3 ~ ~.> `~T -~ sf~,. .~.~a h ~' , - .... :, ._ ~~ _ . 1''~~~f f