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<br /> ~ n ..~~ <br /> :It: <br /> "TI m <br /> Q c: n :r ~ <br /> . n Z ~ c::;:,. Q(n <br /> - :J: ~~ ~f co 0--. <br />N . <br />S ~ rn ::n c:: )> <br />s n en ~ -0 Z --1 <br />CO ~ :c =0 --.'" <br />s I, '" -<0 <br />W 0...., <br />...... --., -.J -"z <br />S , 0 r <br />.j::>. 1"1'1 :r "'1 <br /> 1"1'1 -0 l:>- OJ <br /> b =:3 r- :::0 <br /> en 'l> <br /> N (f) <br /> ;:><; <br /> )> <br /> -C -...-.......... <br /> SUBORDINATION AGREEMENT N en <br /> (n <br />'----- _.-- <br /> <br /> <br /> <br />COMES NOW the City of Grand Island, Nebraska, secured party/beneficiary and hereby <br />subordinates its trust deed recorded May 16, 2000 on the following described real estate: <br /> <br />Citv of GJ.:and Islapd <br />Lot Six (6), Houghkirk's SubdiVISIon, ffall L;ounty, Neoraska <br />a/k/a 1232 Warren Lane <br /> <br />It is the intent of this Agreement that the trust deed for amounts loaned by US Bank <br />* Home Mortgage (Mortgage Electronic Registration Systems) to Kristie Lee Peterson, aka Kristie <br />Lee Pederson (Borrower) that has been, or is about to be, filed shall be superior to the trust <br />deed/real estate lien of the City of Grand Island, its successors and assigns recorded May 16, <br />2000, up to the amount of $64,102.00 plus interest and amounts advanced to protect the <br />collateral. Thereafter, the City of Grand Island's lien shall have priority. It is further understood <br />that this subordination shall include all current obligations, extensions, renewals, advances or <br />modifications made by the City of Grand Island, Nebraska to Borrower which is secured by the <br />trust deed/real estate lien recorded May 16, 2000 as Document Number 0200003956 in the <br />records of the Register of Deeds of Hall County, Nebraska. Nothing in this Subordination <br />Agreement is intended as a promise to provide financing or make advances to Borrower by the <br />City of Grand Island, Nebraska and it is not the intention of the City of Grand Island, Nebraska <br />to warrant or guarantee the obligations of Borrower but merely to subordinate its lien interests <br />under the instrument recorded at Document Number 0200003956 It is understood that US <br />Bank Home Mortgage (Mortgage Electronic Registration Systems) intends to lend funds to <br />Borrower but that the amount that will be superior to the City of Grand Island's lien is not to <br />exceed $64,102.00 plus interest and amounts advanced to protect the collateral. <br />Nothing in this instrument is intended to relieve Borrower of their obligation to make <br />payments to the City of Grand Island, Nebraska or to subordinate any other lien interests <br />including, but not limited to, real estate taxes and s ecial assessments. t').. I ^"1 <br />* aka u.s. Ban~l1=.A. recorded') f\ as Document No. aool-o~.!......!Ql <br />Dated: ~()..r t,.;\... d l\ roo, City of Grand Island, Nebraska <br /> <br />B~!~ <br /> <br />STATE OF NEBRASKA <br /> <br />) <br />)ss. <br />) <br /> <br />COUNTY OF HALL <br /> <br />The foregoing instrument was acknowledged before me on \'\"\o.rCt\- d L( <br />2009, by Margaret Hornady, Mayor of the City of Grand Island, Nebraska. <br /> <br />I GENIlW.NOTARY-S1m~_ Q~ 90l.J~ <br />RANAE EDWARDS N P bl' <br />My Comm. Exp. Dec. 29, 2010 otary u Ie <br /> <br />f.2 <br />0;;:1 <br />~:o <br />0[9 <br />0> <br />en <br />CD - <br />:z <br />o~ <br />w:n <br />c <br />........;: <br />,O~ <br />-t:;,=t <br />,2 <br />o <br /> <br />~ <br />S02J <br />