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<br />200500826
<br />UNILATERAL SUBORDINATION AGREEMENT
<br />WHEREAS, the parties to this agreement are the old lender, namely Platte Valley
<br />State Bank & Trust Company, its Successors and Assigns, hereinafter called LENDER
<br />#1; and the new lender, namely ABN AMRO Mortgage Group, Inc., hereinafter called
<br />LENDER #2 and Alice L Bartlett, hereinafter called BORROWER,
<br />WHEREAS, BORROWER is the owner of the real estate, hereinafter called
<br />PROPERTY described as:
<br />Lot Twelve (12), Jeffrey Oaks Subdivision, Grand Island, Hall County, Nebraska.
<br />WHEREAS, BORROWER has executed a Note in a principal amount of
<br />$20,000.00, secured by Deed of Trust in favor of LENDER #1, covering the
<br />PROPERTY, recorded on September 16, 2003 as Inst. No. 200312253, in the office of
<br />the Register of Deeds of Hall County, Nebraska.
<br />WHEREAS, BORROWER will be executing or has executed a Note in a
<br />principal amount not to exceed $148,000.00, to be secured by a Mortgage/Deed of Trust
<br />in favor of LENDER #2, covering the PROPERTY, and to be recorded in the office of
<br />the 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 its liens as shown and referred to above, to the lien of LENDER #2 as
<br />shown and referred to above, but only to the extent of the principal amount of the new
<br />lien as shown in the above paragraph, plus any accrued interest, taxes, insurance or costs
<br />advanced to protect its security.
<br />Dated this 22nd day of June, 2004.
<br />C � �LI
<br />Platte Valley State Bank & Trust Company
<br />(LENDER #1)
<br />By �s� 11-ce �l %Sct,
<br />STATE OF NEBRASKA )
<br />)SS:
<br />COUNTY OF HALL
<br />Acknowledged before me this 1/1 day of , 2004 by
<br />the _ S�� �i(.Gt PrJ/1 JtfLt of Platte Valley State Bank & Trust
<br />Company on behalf of said corporation.
<br />GENERAL NOTARY • State of Neon"
<br />KELLY ANNE ENCK Nota Pub � � � U o nit c i C*
<br />NJ 6leene. EV, Nov. 10, soot \ J
<br />� 111 -�, ✓}� --I� S =� #�ZK �?,��n��> i�f� S
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<br />UNILATERAL SUBORDINATION AGREEMENT
<br />WHEREAS, the parties to this agreement are the old lender, namely Platte Valley
<br />State Bank & Trust Company, its Successors and Assigns, hereinafter called LENDER
<br />#1; and the new lender, namely ABN AMRO Mortgage Group, Inc., hereinafter called
<br />LENDER #2 and Alice L Bartlett, hereinafter called BORROWER,
<br />WHEREAS, BORROWER is the owner of the real estate, hereinafter called
<br />PROPERTY described as:
<br />Lot Twelve (12), Jeffrey Oaks Subdivision, Grand Island, Hall County, Nebraska.
<br />WHEREAS, BORROWER has executed a Note in a principal amount of
<br />$20,000.00, secured by Deed of Trust in favor of LENDER #1, covering the
<br />PROPERTY, recorded on September 16, 2003 as Inst. No. 200312253, in the office of
<br />the Register of Deeds of Hall County, Nebraska.
<br />WHEREAS, BORROWER will be executing or has executed a Note in a
<br />principal amount not to exceed $148,000.00, to be secured by a Mortgage/Deed of Trust
<br />in favor of LENDER #2, covering the PROPERTY, and to be recorded in the office of
<br />the 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 its liens as shown and referred to above, to the lien of LENDER #2 as
<br />shown and referred to above, but only to the extent of the principal amount of the new
<br />lien as shown in the above paragraph, plus any accrued interest, taxes, insurance or costs
<br />advanced to protect its security.
<br />Dated this 22nd day of June, 2004.
<br />C � �LI
<br />Platte Valley State Bank & Trust Company
<br />(LENDER #1)
<br />By �s� 11-ce �l %Sct,
<br />STATE OF NEBRASKA )
<br />)SS:
<br />COUNTY OF HALL
<br />Acknowledged before me this 1/1 day of , 2004 by
<br />the _ S�� �i(.Gt PrJ/1 JtfLt of Platte Valley State Bank & Trust
<br />Company on behalf of said corporation.
<br />GENERAL NOTARY • State of Neon"
<br />KELLY ANNE ENCK Nota Pub � � � U o nit c i C*
<br />NJ 6leene. EV, Nov. 10, soot \ J
<br />� 111 -�, ✓}� --I� S =� #�ZK �?,��n��> i�f� S
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