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81002709
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Last modified
1/14/2010 2:16:06 PM
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1/14/2010 2:16:02 PM
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DEEDS
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81002709
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i <br /> <br />SUBORDINATION AGREEMENT <br />1CNfli! ALL IKEi~ BY THESE PRESENTS <br />WHEREAS, Lloyd M. 1Marahalek and Sharon R. Marahalak, husband <br />attd wife, desire to exeoute a mortgage to Superior Mortgage, <br />Zne. on the fallowing described real estate: <br />Westerly Seventy One feet of the Easterly One <br />Hundred Six feet of the Southerly Two Hundred <br />Twenty Six Beet of Lot Fight (8}, Norwood <br />Subdivision, an Addition to the city of Grand <br />Island, Hall County, Nebraska, <br />and desire to have said mortgage he a first mortgage Lien against <br />tPse strove described real estate; and, <br />WHEREAS, the said Lloyd M. Marshalek and Sharon R. Marshalek <br />have executed a housing rehabilitation grant agreement with the <br />City of Grand Island, Nebraska, a municipal eorparat3on, which <br />?zas resulted in the filing of a real estate lien against the above <br />described rea: estate, which real estate lien Ss recorded se <br />I~euia,ent i~0-OG3?iE ±n Y,he Register of -feeds Office, Ha13 County, <br />Ntbraaka> and, <br />HER€AS, the undersigned City o.* ^,rand island, ~iebraaka, recog- <br />reises that this real estate Lien, Ilocuasent !EO-00?716, should be <br />subordinate to the mortgage of Superior Mortgage, Inc. <br />!30W, THEREFORE', in consideration of the sum of One Dollar (31.00} <br />a~xl other good and valuable consideration, the receipt of which is <br />heretrg acknowledged, the undersigned City of Grand Island, tdebriaka, <br />a municipal corporation, hereby acknorledgea the priority of that <br />aar6g8ge of Superior Mortgage, inc. in the s8ount of E .QOp,-._OQ, <br />which will tre given try Lloyd ~9. Marahalek end Sharon R. I~ra~le3c, <br />ttid the undersigned specifically subordinates the Iien recorded 8,1E <br />Dccuasent f8t}-OC3?16 of the said city of Grand Island, Nebras: in <br />f8vor of the martgaga to Superior Aortgage, Inc. <br />T~ undersigned, try the execution of this Sutrordi~tica>~ Agree-- _ 1 <br />lptirft, does not release the lien of itfa "real estate lien'" in atiJP J <br />particular aatssater, but only sutrordinatea and >sakea tuxnior such <br />
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