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_ ' 4, . .} t 1.,.: vs . . �� —— � � . ___ �: � . �� - . V� Jr��r� __�- . � � �iGRB�*�I3`I' SOBORDINATIIJG NS?R�L3AG8 - �' F: � THIS Agreemen� is m�ade thie 27th day of Ma ah -. �- 1996, by and bet�ee� the Five Fois�►ts Hank, herein �referred to as _ Mortgagee aad Commnerciai PederaZ P6ortgage Corporation, a Federal .• Savings 8aak. who hae a principal place og buaiac:as in Dauglae Couraty. ti�raska, laerein referred to as Lender. — L`; The parties re�ite aad decl�e that: _ A. �tae tf.ortgage� ius the oe�ner and I�older of a certain Note — and R�� 1��ate Martgage d.��ecl T+�arch 4, 1995 and recarded i�s tYie ^ , R�l Sstate Reaords of Ha�.,l County, Nebraska. on March 8, 1995, as _ � ��menr �7a. 95-ifl1294 of the M��gage Records a� �hat ceunty, � coveria� �e followiag da�czibed propert�: r Lot Nineteen (19) , Blcr�^� Nine f 9) 3n P�khi l l � Third �diviaion, fr� � City of Graa� _ �. 3slanri; . JHall Coturty. �`cbraska. . - � :;'. . - � B. �ramde� �.� a�.�cu�r .��z loa�a the sum of S$VHt3TY-SBV�N `. :-�;.� �. , ��s� �g rv�^g� ��,T.�1RS (��'7,300.00) on �2 Note and Dees� � . „ • of �'russL- .►�lRcuring �uch i�is��c� by vir�ae og. � coaveyance a�� !�he � . __ . . abcve de��ribed premises. � _.;;� C. To induce L�der to mal� �9uch loan, it ie neceeeasy that ,� the Mor�gage held by I�ortgagee be subordinated �o the lien o€ the -. Deed of ��r,�st about to be made i.0 favar of the Lend�r ag :. ;., beaeficiary as set forth a�ovQ. � � FOR the r�asons set forCi� s3mbve, aad con��.��ration of th� . mutual covenaate aad pre..^�.ses o€� the partiQa hereto, Mos��age �rl �. Lender covenant aad a�c� as €ol�eme: �� 1. a,�tsr�rd�.nae�.en� t��t:�agee hereby cavenante, . consente and agree� �ith Le�.der tlaat the above � -. � ' mer�.��aned Real 3�sta+b+e Dlortgage h�1d; by N�rtgagee fit� and -- � ah$11 contfnue to be aubj�ct to and aubordinate ia lien � � to tne lien o! the Deed of Trust about to be made to . Le�er stat�d abovrc�. _ . • � � 2, rnnsidera�_�an. In consideration of Mortgagee so subordin�ting the mortg�gQ held by it tq. the Deed of . Tru�t made to Lender, I.end�r shali make C� above , , 8escribed loan to Larry J. Deeaire and Be�ty_ A. • � Deaaire. . 3. This Agreement ahall be biading upon and inure � to tMe benefit of the legal representativea, successors � � and sesigns of the partiea hereto. ._ . : . .,,�.., . . . , , -.- _.. , ��:� �'i.� .� ;, .. . • ��J.� , • . . . '' ' , U ' . . , j. .� - , � , . . ' • e• - � . . . . _ . . '.�.�. . . : . _.u'� .. . _ ... .. .. •.. ,. ... . � . _ _ ' .. . '. � . • ' . � " .