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201007405 TH7S AGREEMENT (t]xe "Agrccment'�, effective as of the Effective Dato above, ia made by end amo:n.g t�e Subordinating Leader, Ownet� az�d the 5�nior Lender named above. RICICEY L LOCKARD, AND MICHELLB L LOCKARD, HUSBAND AND WIFE (individually and collectively the "Owttet'� own tha real p�roperty locafied at the abova Propariy Address (tha "Prope�ty'�. The Subordinating �,endar has an iaater�st in tha Property by virtuo of s Real �State D�d Of'I'rust (With �ture Adva�nce Clause) givcn by the Owner. covering that roal property. �anace particularly dcscribed as fallows: See Exhibit A � �`L < <1��TA��f i which docu�aneat ia dated the 28th day of May, 2004, which was filed in Jnahument # 0200405438 at pap;e N/a (or as No. N/a} of th� Reoords of tha Office of the Ragister of Dceds of the County of HALL, State af Nebraska (the "Fxisting Security Ins�nttxAent"). Tha Existing Security Ins�ument secures repayment of a dabt evidenced by a note or a line of crodit agreement axtended to MICHE?LL� LOCKART) and RICKEY L LOCKARD (individually and collectivaly "Borcawe� by the 3uboidinating Y.�ttder. The Seniox L�endar has agrsed to mako a new loan or amend an existing loan in the origina,l principal �ount NOT ta excaed $106,714.00 (tho "New Loaa o�r Amended Loan'�, pro'vided that tha New Loan or Amcnded I.oan �s securcd by a�rst Gen morrgage on the Prap�rtY (tha "New Security Instrument'� in favar of the Senior L�ender. If the New I.oan or Amended Loan excecds tl�is mnount, the Subordination AgrBaruent is VOID. Pl�s� rc�d ��uLr.�y� w%�, �- � � �r � q/�� /� � Tha 5ubordineting L,ender is willing to subordinate tha 1'rcm of the Existing Security Tnstrument to the tien of the New Security Inslrumdrt under the t�aas set foxth in this Agreament NOW, THEREFORE, for and in cansideration of the abave recitals, the covenants h�ain ccratained, and for good and valuable consideration, the recaipt of which is hereby acknowledged, tho parties agree as fallows: A. Agreement to Subardinate Subordinating Lender and Trustee, if appliaable, hareby gubordinates the lien of the �isting Security Instivment, and all af its modifir,ations, extansions and ranewals� to the lien of tho New Security Ins�rument. 'L'his Agreem�nt is effective as to any sum whose repayment is presantly secured or which may in the futuxe be secured by the Existing Security Inst�ttneta� B. Appolntment of Snbetltate Tta�t� If.4,ppllca'E'le The L�xisting Security Instrument names N/A, as Trustee and the Subardinating Lender as Beneficiary. The Exi�stang Security Instivment providas that tha 5ubozdinating Lcndcc may designate and appoint a substitute 'IYustee in place of any other tru�tee Uy an instrum�nt rocorded among the appropciate land rocords. The Subordinatic►g Le�der boreby nennoves N/A as Trustee and designatea and appoirrts N/A as substitute 'lYvetee with tho same powers and duties as were originally vested in the Original 'IYuatee under the Ex�sting Security TnsGrum�� C. Goneral Terme and Condltlonur Bindin� Effect — Thia Agraement shall be bindittg upon and inuro to the bBne�t of the respective heirs, legal representatives� successors and as��s af the parties hereto and all of tt►ose holding title undar auy of them. NonwAiver —'This Agreement rnay not be changed or te�minatod orally. No indulgance, waiver, electirna or nan-election by New Lendor or tho trustee(a) under the New Seeucity Inatcument or relatsd documents shall ai�'ect this Agreommt SLTBORDINATION ONY.Y NE V l.p Page 2 of 3 OOOU0000000T3828