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<br />_. 20090750
<br />UNILATERAL SUBORDINATION AGREEMENT ~~
<br />-- ~
<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,
<br />namely First National Bank of Omaha, its Successors and/or Assigns, hereinafter called
<br />LENDER #2 and Todd C Enck and Kelly A Enck, Husband and Wife, hereinafter called
<br />BORROWER,
<br />WHEREAS, BORROWER is the owner of the real estate hereinafter called
<br />PROPERTY which is described as:
<br />Lot Twenty-Two (22), Westwood Park Fourth Subdivision, in the City of Grand Island,
<br />Hall County, Nebraska.
<br />WHEREAS, BORROWER has executed a Note in a principal amount of $40,000.00
<br />secured by a Mortgage/Deed of Trust in favor of LENDER #1, covering the
<br />PROPERTY, recorded on as Inst. No. 200302363 in the office of the Register of Deeds
<br />of Hall County, Nebraska.
<br />WHEREAS, BORROWER will be executing or has executed a Note in a
<br />principal amount not to exceed $200,000.00 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 ofDeeds of Hall County, Nebraska. ~~ ~~o ~,~~ #~ ~ [~ GJ b .~~~
<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 />Iaa^ted~this 3rd day of September 2009.
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<br />",,~ f By.
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<br />STATE OF NEBRASKA )
<br />)SS:
<br />COUNTY OF BUFFALO )
<br />Platte Valley ank & Trust Co.
<br />(I.ENPER #1)
<br />Kevin Ottman, Vice President
<br />Acknowledged before me this 3rd day of September 2009 by Kevin Ottrnan, Vice
<br />President of Platte Valley State Bank & Trust Co. o of orp
<br />N Publi
<br />GENERAL. NO?ARY • State of Nebraska
<br />Iq I.AUr=w ~. r3nv~.a
<br />MY fpmm. ExP• May 22.2010
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