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8d- ~' <br />SUBORDINATION AGREEMENT <br />-;THIS AGREEMENT entered'znto_between THE EQUITABLE BUILIl1NG <br />ANB LOAN ASSOCIATION OF GRAND ISLAND, NEBRASKA, FIRST PARTY:; <br />FIVE_.POINTS BANK OE GRAND ISLAND, NEBRASKA, SECOND-PARTY; and> <br />ROLAND D. SEMS and. CAROL A. SEMS;-THIRD PARTIES. <br />` Third Parties are the owners of the following described <br />premises: <br />Lot One (1), Le Heights Fourth Subdivision, <br />eomgrsing a part of the.-East-Half of the <br />Northwest Quarter (E~NW'~) of Section.. El even <br />(11), Township Eleven (11) North, Range Ten: <br />(10), West oz the-6th P:M.,rn Hall-County; <br />Nebraska. <br />First', Party loaned to Third Parties the sums. of X10,000:00 and- <br />~T~3,000.00. Suc'_i amounts were secured by rrortgaees recorded- <br />as Documents 80-002830 and 78-004430, respectively. Second <br />Party loaned Third Parties the sum of X14,000.00 secured by <br />- mortgage retarded as Document 79-1001128. <br />IT IS "CRy~D by all of the parties, as follows: <br />I. <br />'T'he said "two mortgages of The Equitable Building and Loan <br />Association of C_rand Island, Nebraska,. rirst Tarty sierein, shall <br />haue first priority over any other liens against said l;remises. <br />II. <br />The mortgage of Second Party described above is subordinate <br />to the said two mortgages of First Pa! y. <br />iJITNESS our signatures this ~ ~ "~x~-day of .Iuly, 1980. <br />THE EQUITABLE BUTLDING AND LOAtJ ASSOCIATION <br />OF GRAND ISLAND, NEBRASKA <br />`~ " <br />I'IV~E PO1NT5 SANK, GRAf?D i:StsAND, "d[~? ::~^,S!~A <br />• "'' <br />~.. ' j, j .._. <br />f 3 j <br />C 0 ~ A. SE.~f~S 'IiIIRi: i~AR7i ~:5 <br />