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<br /> THIS l►GRE�:MENT made and executed Chis 8ch day of
<br /> ,�e6r�$r,� , 19$6_, by .and between �he O��or2and N�sti�onal Bank of �rancl, :
<br /> hereinaftei referred to aa "S�bordinatinq CreQltor", and 8 °1� -
<br /> Tho r�verland National Bank of Grand Island , hsreina#cer refexred t0 a3 _
<br /> "5ecured Party". -
<br /> NITNESSETH: _
<br /> WHERE]1S, Danald T. Brooks and Pricilla A. Hraalr:t�r Ht►sband and Wife �
<br /> h�reinafter referred to aa "DObtor", haa gzanted to the Subordi-
<br /> nating Creditor a (x�tnq0t�g�) tpeed of Truat) pCl���! in
<br /> resgect to that real eatate aQacrfcea as:
<br /> Lot ne �1j. in Block One (1). in MAVOe� Firat Addition ta the City of Grand
<br /> Island. Hal:. County, N�braaka. and Thnt Part of Cher�y Straet vacated by
<br /> Ordinance No. 5371. beinp thc� W�Aterly Elaven (11) feet of said street, lying
<br /> adjacent to �nd easterly of Lat One (1), in•$4.oak Oae (1), of Meves First
<br /> Addition to the City of Graad I�laad, Hall Coun[y, N�braslca� from the easterly
<br /> prolongation of the Northesly linn af sucb lot tv the Easterly prolpngation of
<br /> the•southerly line of auch lot.
<br /> � wHEREAS, the secured Party has agreed to entc� into a 2oaa
<br /> transact3on vith the Debtor whereDy certain additional funds are
<br /> to be advanced to th� Debtor conditional upon the Debtor pro-
<br /> viding the Secuzed PaYty vith a first IDeed of Trustl [�tt�
<br /> in reapect to the xeal estate in vhich the Subozdinatiag Creditor
<br /> claims an i�texest, hereinafter zeferred to as the "Collateral";
<br /> �nd
<br /> �HEREAS, the SuDordLnatinq Credito� is villing to suboxdi-
<br /> nate any lien it may have in resgect to tAe Collatieral by reason
<br /> of Subo�dinatinq �reditor's f � tDeed Qt Trust), fileQ of
<br /> . __, .. . .. _�__��� �r r�. .,fs*_�.� nf r_t,o R�aT,qter of Deeds of Haii GountY,
<br /> Nebraska on Februarv b e 19 95(as Instgument No. 95�10468Q 1 (in
<br /> Hook at Page DP iJudgment in Case No. in the
<br /> Diatr�ct Court af Gounty, Nebraska) in order te asauze
<br /> � the Secured Party of a first lien position in and to the
<br /> collateral;
<br /> NOM, THEREFORS, it ia aqzee6:
<br /> 1. The suaardinating CreO.itor hereby coasent� to a subordf-
<br /> e!ation of its prg�rity posftiore to the secured Party and agrees
<br /> that its 1len, i� any, 3hall a� all �ines be secondary to the
<br /> . extent herein provided atz.d aubiect to the lfen of the Secured
<br /> earty in Yespect ta that reaZ estate described aa: Lot Oae (i), in
<br /> Blocic One (1), in ti�ves First Addition to the City of Graad Island, Hal2 Couaty,
<br /> �Tebraska, and That Part of Cherry Stree� vacated bq Ordiar+nce No. 537i, bein�
<br /> the Westerip Elaven (11) feet of said sCreet, lying ad�acent to and easterly of
<br /> Lat One CZ , in Blocic One (1), of Mevea First Addition to the Citp of Grand
<br /> � ian@ �a�1 Count , Neb aska, from the ea terl o7�on a io og khe North rl
<br /> �ne of s�zth lot t� the � a rl prolon at�on Q� ��ie sout�erl line of suc� lot.
<br /> tagether vith a`�l bui��ine�s, imp�ove�aents and appu�tenances
<br /> tnereto.
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