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<br />ITNIL,ATERAI, SiTBORDINATYON AGREEMENT
<br />WHEREAS, the parties to tlus agreement are the old lend�r, namely The Platte �
<br />Valley State Bank & Trust Coinpany her�inafter called LENDER #1; and the new lender, �
<br />namely �'latte Valley State Bank & Trust Ca., Its. Successors and/or Assigns, herei.r�aftez� � G
<br />called LENDER #2 az�d Clinton Manlcin and Sharon Mankiz�, Husband & Wife,
<br />hexeinafter called BORROWER,
<br />WHEREAS, BORROWER is the owner of the rEal estate hereinafter calied
<br />PROPERTY which xs d�scribed as:
<br />Lat Ten (10), ztadianhead Seventh Subdivision in the City of Grand Island, Hall County, �
<br />Nebraska.
<br />WHEREAS, SORROWER has executed a Note in a priilcipa.l amount of $42,121.00
<br />secured by a Mortgage/Deed of Tarust in favor of LENDER #1, covering the
<br />PROPERTY, zecorded on as Inst. No. 0200708116 in the vffic� of the Register o£
<br />Deeds of Hall County, Nebraska.
<br />WHEREAS, BURROWER will be executing or has executed a Note in a
<br />p�ncipal arnount not to exceed $227,000.00 to be secured by a Mort�age✓Deed of Txust �i�o.
<br />favor of LENDER #2, covering the PROPERTY, and ta be reca;rded in the affice of the
<br />Register o£Deeds of Hall County, Nebraska. ¢ls �o��ablb�(:;�77G,�
<br />NUW THEREFORE, in conszderation of $1.00 and other valuable
<br />consideration, receipt whereof is hereby acknowledge, LENDER #1 agrees to
<br />subordinate and does liereby subordinate its liens as shown and referred to abave, to the
<br />lien of LENDER #2 as showz� and referred to above, but only to the extent of the
<br />principal amount af the new lien as shown in the above paragraph, �lus aaa.y acczued
<br />interest, taaGes, inswraz►.ce or costs advanced to protect its security.
<br />D�.ted tbds�day of 2p1.0
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<br />µ 1�TA�'E OF NEBRASKA.
<br />COUNTY Ok' HAL�L 1
<br />Platte Valley State
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<br />Acknowledged before me this �4` day of L� 2010 by Laura Bauer, Vice
<br />President o£ �'latte Valley State Sank & Trust Co.on hal£ f sai Caxporation.
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<br />Ou►vIN� FAV►Px�R Not �ubl c
<br />Qxnm. E�. Mirch 17, 7DN
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