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UNILATERAL SUBORDINATION AGREEMENT
<br />WHEREAS, the parties to this agreement are the old lender, namely The Platte
<br />Valley State Bank & Trust Company hereinafter called LENDER #1; and the new lender, U\
<br />namely First National Bank of Omaha, its Successors and/or Assigns, hereinafter called °
<br />LENDER #2 and Heather J Hockman and Brent A Hockman, Wife and Husband,
<br />hereinafter called BORROWER,
<br />WHEREAS, BORROWER is the owner of the real estate hereinafter called
<br />PROPERTY which is described as:
<br />Lot 12, Summerfield Estates Third Subdivision, in the City of Grand Island, Hall County,
<br />Nebraska.
<br />WHEREAS, BORROWER has executed a Note in a principal amount of $33,000.00
<br />secured by a Mortgage/Deed of Trust in favor of LENDER #1, covering the
<br />PROPERTY, recorded on as Inst. No. 0200511946 in the office of the Register of
<br />Deeds of Hall County, Nebraska.
<br />WHEREAS, BORROWER will be executing or has executed a Note in a
<br />principal amount not to exceed $247,565.00 to be secured by a Mortgage/Deed of Trust in
<br />favor of LENDER #2, covering the PROPERTY, and to be recorded in the office of the
<br />Register of Deeds of Hall County, Nebraska.
<br />NOW THEREFORE, in consideration of $1.00 and other valuable
<br />consideration, receipt whereof is hereby acknowledge, LENDER #1 agrees to
<br />subordinate and does hereby subordinate its liens as shown and referred to above, to the
<br />lien of LENDER #2 as shown and referred to above, but only to the extent of the
<br />principal amount of the new lien as shown in the above paragraph, plus any accrued
<br />interest, taxes, insurance or costs advanced to protect its security.
<br />4 `' C W, 9th day of June 2009.
<br />%jg t
<br />X1
<br />Platte Valley St ank & Trust Co.
<br />LENDER #1)
<br />Kevin Ottman, Vice President
<br />STATE OF NEBRASKA )
<br />)SS:
<br />COUNTY OF BUFFALO )
<br />Acknowledged before me this 9th day of June 2009 by Kevin Ottman, Vi
<br />1?resident of
<br />Platte Valley State Bank & Trust Co. on
<br />said
<br />Public
<br />6�NFRAI. NOTARY - Slate of Nehrs�
<br />LAURA A BAUER
<br />t My Comm. Exp. May 22, 2010
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<br />UNILATERAL SUBORDINATION AGREEMENT
<br />WHEREAS, the parties to this agreement are the old lender, namely The Platte
<br />Valley State Bank & Trust Company hereinafter called LENDER #1; and the new lender, U\
<br />namely First National Bank of Omaha, its Successors and/or Assigns, hereinafter called °
<br />LENDER #2 and Heather J Hockman and Brent A Hockman, Wife and Husband,
<br />hereinafter called BORROWER,
<br />WHEREAS, BORROWER is the owner of the real estate hereinafter called
<br />PROPERTY which is described as:
<br />Lot 12, Summerfield Estates Third Subdivision, in the City of Grand Island, Hall County,
<br />Nebraska.
<br />WHEREAS, BORROWER has executed a Note in a principal amount of $33,000.00
<br />secured by a Mortgage/Deed of Trust in favor of LENDER #1, covering the
<br />PROPERTY, recorded on as Inst. No. 0200511946 in the office of the Register of
<br />Deeds of Hall County, Nebraska.
<br />WHEREAS, BORROWER will be executing or has executed a Note in a
<br />principal amount not to exceed $247,565.00 to be secured by a Mortgage/Deed of Trust in
<br />favor of LENDER #2, covering the PROPERTY, and to be recorded in the office of the
<br />Register of Deeds of Hall County, Nebraska.
<br />NOW THEREFORE, in consideration of $1.00 and other valuable
<br />consideration, receipt whereof is hereby acknowledge, LENDER #1 agrees to
<br />subordinate and does hereby subordinate its liens as shown and referred to above, to the
<br />lien of LENDER #2 as shown and referred to above, but only to the extent of the
<br />principal amount of the new lien as shown in the above paragraph, plus any accrued
<br />interest, taxes, insurance or costs advanced to protect its security.
<br />4 `' C W, 9th day of June 2009.
<br />%jg t
<br />X1
<br />Platte Valley St ank & Trust Co.
<br />LENDER #1)
<br />Kevin Ottman, Vice President
<br />STATE OF NEBRASKA )
<br />)SS:
<br />COUNTY OF BUFFALO )
<br />Acknowledged before me this 9th day of June 2009 by Kevin Ottman, Vi
<br />1?resident of
<br />Platte Valley State Bank & Trust Co. on
<br />said
<br />Public
<br />6�NFRAI. NOTARY - Slate of Nehrs�
<br />LAURA A BAUER
<br />t My Comm. Exp. May 22, 2010
<br />
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