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•~~. <br /> <br />~. <br /> <br /> <br /> <br /> <br /> ~ <br /> = c~ ~ ~ r~r (!7 <br /> <br />N ~ ~ '~ ~ ~ Ga ~ <br /> ~ ~ F.__. cn ~ ~7 <br />s 0 © ~ ~ <br /> ~ ~ ~ era m <br />r~ ~. <br />,-~ <br /> <br /> z <br />- .- O <br /> 201~~03492 <br />UNILATERAL SUBORDINATION AGREEMENT <br />WHEREAS, the parties to this agreement are the old lender, namely The Platte <br />Valley State Bank & Trust Company hereinafter called LENDER #1; and the new <br />lender, namely First National Bank of Omaha, its Successors and/or Assigns, hereinafter <br />called LENDER #2 and Alvin A. Avery and Teresa K. Avery, Husband and Wife, <br />hereinafter called BORROWER, <br />WHEREAS, BORROWER is the owner of the real estate hereinafter called <br />PROPERTY which is described as: <br />Lot Four (4), Lawton Subdivision, Hall County, Nebraska. <br />WHEREAS, BORROWER has executed a Note in a principal amount of $90,000.00 <br />secured by aMortgage/Deed of Trust in favor of LENDER #1, covering the <br />PROPERTY, recorded on as Instrument #200603760 in the office of the Register of <br />Deeds of Hall County, Nebraska. <br />WHEREAS, BORROWER will be executing or has executed a Note in a <br />principal amount not to exceed $112,000.00 to be secured by aMortgage/Deed of Trust <br />in favor of LENDER #2, covering the PROPERTY, and to be recorded in the office of <br />the Register of Deeds of Hall County, Nebraska. <br />NOW THEREFORE, in consideration of $1.00 and other valuable <br />consideration, receipt whereof is hereby acknowledge, LENDER #1 agrees to <br />subordinate and does hereby subordinate its liens as shown and referred to above, to the <br />lien of LENDER #2 as shown and referred to above, but only to the extent of the <br />principal amount of the new lien as shown in the above paragraph, plus any accrued <br />interest, taxes, insurance or costs advanced to protect its security. <br />:r <br />D~tutl~; `l~~xlt day of May, 2010. <br />,. ,,,~ ,~ <br />L ~J <br />1 ! w p <br />~~ , <br />' " ~ Platte Valley State Bank & Trust Co. <br />°~~ (LENDER#1) <br />re~ °h°~" By: <br />' Kyl aherty, ice President <br />STATE OF NEBRASKA ) <br />)SS: <br />COUNTY OF HALL ) <br />Acknowledged before me this 12`" day of May 20 l0 by Kyle Flaherty, V' President of <br />Platte Valley State Bank & Trust Co. on behalf of said :;orporation. <br />%' <br />Not ry Public <br /> <br />GENERAL. NOTARY • State of Nebraska <br />II& NANCY L. QSTERE3UFiR <br />;~, __ _ - My Comm. Exp. April 19, 2011 <br />