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<br />8't--- 006170
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<br />SUBORDINATION AGREEMENT
<br />
<br />We, Kathy ,Jean salchow and Gordon Salchow, wife and
<br />
<br />husband, Barbara &In t,,1cGuire and- Ronald ~.1cGuiref wife and
<br />
<br />husband, Susan ,Jane Bierman and Gordon Bierman, wife and
<br />husband, and patricia Kay Gri~~inger and Sam Grimminger, wife
<br />and husband, each in their own separate rights, do hereby
<br />state, represent and subordinate their interests as follows:
<br />1. That the undersigned currently hold a lien
<br />against:
<br />
<br />Lot One Hundred and Two (102),
<br />Belmont Addition to the City
<br />of Grand Island, Hall County,
<br />NphraRka,
<br />
<br />consisting of a mortgage filed August 25, 1983, Register of
<br />
<br />Deeds Office, Hall County, Nebl,"",.,", under document number
<br />
<br />a3-0044':J9, 1.n '111 lni1c:a,l 3',,"11>:: cf $35,000 with Dynasty
<br />
<br />2. That said mortgagor, Dynasty Enterprises, Inc.,
<br />
<br />
<br />Enterprises, Inc. f A Corporation, as mortgagor..
<br />
<br />11 Corporation! desires to E~rect impt"ovements upon said
<br />real estate, to-wit:
<br />
<br />Lot One Hundred and Two (102),
<br />Belmont Addition to the City
<br />of Grand Island, Hall County,
<br />:Jebraska,
<br />
<br />consisting of a one family residential structure; and desires
<br />
<br />to negotiate 3. loan from a lender for the purposes or financing
<br />
<br />the construction of said improveme~ts.
<br />
<br />That the erection
<br />
<br />or plilcing of said improvements on said real estate, to-wit:
<br />
<br />Lot One Hundred and Two (102)
<br />Belmont Addition to the city
<br />of Grand Island, Hall County,
<br />NeLraska}
<br />
<br />will enhance the value of said property and increase the value
<br />of the undersigned's security, to-wit: mortgage filed as
<br />document number 83-;)04499, but that said lender is willing
<br />to loan money for sald llTIprOVements to Dynasty Enterprises,Inc.,
<br />A Corporation, onl~i if the undersigned subordinat8 their
<br />
<br />present lH,n (mortgage filed under document number 83-004499)
<br />
<br />to that of lenderts lien.
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