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~~O~p7513 <br />property located at 5 VIA COMO, GRAND ISLAND, NE 68803 and further described on <br />Exhibit "A," attached. <br />WHEREAS, CORY A LENNERS and RICKIE L LENNERS ("Borrower") executed and <br />delivered to Bank of America, N.A. ("Lender"), a deed of trust/mortgage in the <br />principal amount not to exceed $109950.00, which deed of trust/martgage (the "New <br />Security Instrument") is intended to be recorded herewith in the records of HALL <br />County, State of NE as security for a loan (the "New Loan"); <br />WHEREAS, it is a condition precedent to obtaining the New Laan that the lien of the <br />New Loan shall unconditionally be and remain at all times a lien or charge upon the land <br />hereinbefore described, prior and superior to the lien of the Existing and Continuing <br />Loan; and <br />WHEREAS, Lender is willing to make said loan provided the lien securing the New Loan <br />is a lien or charge upon the described property prior and superior to the lien of the <br />Existing and Continuing Loan and provided that Subordinating Lender will specifically <br />and unconditionally subordinate the lien of the Existing and Continuing Loan to the lien <br />of the New Loan; and <br />WHEREAS, ~t is to the mutual benefit of the parties hereto that Lender make such a <br />loan to Borrower; and Subordinating Lender is willing that the lien securing the New <br />Loan shall, when recorded, constitute a lien ar charge upon said land which is <br />unconditionally prior and superior to the lien securing the Existing and Continuing Loan. <br />NOW, THEREFORE, in consideration of the mutual benefits accruing to the parties <br />hereto and other valuable consideration, the receipt and sufficiency of which <br />consideration is hereby acknowledged, and in order to induce Lender to make the loan <br />above referred to, it is hereby declared, understood and agreed as follows: <br />(1) That the New Security Instrument, and any renewals or extensions thereof, <br />shall unconditionally be and remain at all times a lien ar charge on the property <br />therein described, prior and superior to the Existing and Continuing Security <br />Instrument. <br />(2) That Lender would not make the New Laan without this subordination <br />