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~2-~~~045
<br />SUSQ~2DINATIt~N AGT?EEMENT
<br />IN CONSIDERATION OF and as an inducement to The Overland
<br />Nae~ioaal Bank of Grand Island, Grand Island, Nebraska, advancing
<br />credit to the hereinafter designated mortgagor, the undersigned.
<br />creditor of said mortgagor hereby subordinates any claim, interest
<br />or lien which the undersigned might now, or hereafter, have upon. the
<br />property hereinafter described t~ the lien of mortgage described as
<br />follows:
<br />Mortgagor: Arnold J. Placke
<br />Address: 1104 East Oklahoma
<br />Grand Island, NE. 68801
<br />Date of Mortgage: December 30, 181
<br />Description of Real Estate: See attached Exhibit "A"
<br />The intent being that the amount due The ©verland National Bank
<br />of Grand. Island, Grand Island, Nebraska, secured by real estate
<br />mortgage above set out, together n*ith any interest or charges
<br />thereon, shall at all times he superior to any claim of the under-
<br />signed arising out of mortgage, or otherwise, against sand above-
<br />described real estate, whether heretofore, or hereafter, executed.
<br />This Subordination Agreement is limited to a $15,300.00 loan and
<br />mortgage and shall not apply to any additional advances or leans
<br />unless specifically agreed to by the undersigned at a later date.
<br />This Subordination Agreement shall apply to any extension, con-
<br />tinuation or renewal ot.the above mortgage but will never apply to
<br />any amount in excess of $1:1,000.00.
<br />This Agreement shall be binding upon the heirs and personal repre-
<br />sentatives of the undersigned.
<br />Dated this day of ~~~ ~" , 1981:.,, .
<br />,%
<br />7~} , 1
<br />4 rry J. P` 3acke
<br />Kaarvey
<br />STATE OF NEBRASKA)
<br />ss:
<br />COt3NTY OF HALL )
<br />ON TIiIS ___~~__ day of ~~ L 1981 , before me , a
<br />Notary Public in and for said County, personally came Larry J.
<br />Flacks, to nze Isn:own to be the identical person whose name is affixed
<br />to Lies furegoii=g i;xstru.~.ant and ac..;.r,-Kladbed .x. ~.,ucu,.~,... t?:c~~a¢
<br />to be his voluntary act and deed.
<br />WITNESS my hand and Notarial Seal the-dtsy-aid year last above
<br />tin-sm.~w~.~ & ~-' .. ~,: ~
<br />RAAE~AN O. ~OCIC ~ ~ i~ .'
<br />' _"~~...: l~hcarnm 6rF ifR H. 9f~ '~ ~...~'~G«~-%~..f-~c-.~ ~-'r'`%` i"%.sr-~
<br />...Notary Public
<br />STATE (?F NE£3KASIiA}
<br />s
<br />~Of3NTY Off' HALL }
<br />ETN 'PHIS _ da3- of ~ , 1981 , before me , a
<br />:detary Public in and far said County, personally r_ame EGay 1.. iiaraeu,
<br />to me karawn to be the identical person whose ..ame is affixed tc~ ,;he
<br />x'aresgant~ s:zastrumeat, anti a:cknavuiedged the ex«~c~zticsr~ thc~rQOS" tc, t~¢,
<br />t;a~ v~.?lunt.ary act and deed.
<br />C€"°~«LrS~ c;y hang rind `dotar.,.at S~=aI t.~;f> <~a5= <~.r~~a. ~~<ar ;,t.,= s,E~r:,~,~.
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