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<br />THIS AGREEMENT made and executed this 21st day of October, 2010, by and between HOME FEDERAI, SAVINGS �",
<br />AND LOAN ASSOCIATION OF GRAND ISLAND, hereinafter referred to as "Subordinating Creditor" (whether one or more), and {-�; �
<br />HOME FBDERAI, SAVINGS AND LOAN AS50CIATION OF GRAND ISLAND, hereinafter refenred to as "Secured Party". ��
<br />WITNES�E'�H: �
<br />WH�REAS,, Scott J Roach and Stephanie J Roach, (whether onc or more), hereznafter referred to as "Debtor", has granted to
<br />the Subordinating Creditor a Mortgage or Deed of Trust dated June 15, 2010, and filed of record in the office of the Ha11 County
<br />Register of Deeds, on the 14th day of July, 2010, as Document No. 2p 1004839 in respect to that real estate described as:
<br />Lot (1), Hoffman Second Subdivision in the Village af Doniphan, Hall County, Nebraska
<br />WHEREAS, the Secured Party has agreed to enter into a loan transaction with the Debtor, whereby certain funds are to be
<br />advanced to the Debtor conditional upon the Debtor providing the Secured Party with a first lien in respect to the above described real
<br />estate, hereinafter referred to as the "Collateral"; and
<br />WHEREAS, the Subordinating Creditor is willing to subordinate any lien it may have in respect to the Collateral by reason of
<br />Subordinating Creditor's Mortgage or Deed of Trust of record to perfect security whenever and wherever filed in order to assure the
<br />Secured Party of a first lien position in and to the Collateral;
<br />NOW, THEREFORE, it is agreed:
<br />1. The Subordinating Creditor hereby consents to a subordination of its priority positian to the Secured Party and agrees that
<br />its lien in respect to the Mortgage or Deed of Trust hereinabove described, if any, shall at all times be secondary to the extent herein
<br />provided and subject to the Iien of the Secured Party in respect to the Collateral.
<br />2. The Subordinating Creditor hereby consents to the Debtor granting Secured Party a first lien in a11 the Collateral as
<br />described above to secure indebtedxaess to be advanced to Debtor by Secured Party, in the original principal amount of One Hundred
<br />Ninety Two Thousand and 00/100ths Dollars ($192,000.00), recorded in the office of the Hall Courity Register of Deeds on tha
<br />�_ day of October, 2010, as Document No. �/d-
<br />3. So lan� as an obligation is outstanding from the Debtor to the Secured Pariy for indebtedness evidenced by Pramissory
<br />Notes or other instniments of indebtedness to the extent herein provided in Paragraph 2, the Secured Party's interest in the Collateral
<br />shall have priarity to over the lien of the Subordinating Creditor in that Collateral, and the Subordinating Creditor's interest in that
<br />Collateral is, in all respects, subject and subordinate to the security interest af the Secured Party to the extent of the principal sum yet
<br />owing to Secured Pariy in respect to the indebtedness described in Paxagraph 2 along with interest and casts allocable thereto,
<br />however evidenced.
<br />4. So long as any portion of the described obligation to Secured Party is outstanding and unpaid, the provisions of the Deed
<br />of Tarust of other instrument of security between the Debtor and the Secured Party are controlling as to the Collateral in which Secured
<br />Party is to have a first security interest, including any time tbere is a conflict between it and the provisions of any lien instrument
<br />granted to the Subordinatang Creditor by the Debtor.
<br />5. This Agrecment is a continuing, absolute and unconditional agreement of subordination without regard to the validity ar
<br />enforceability of the Promissory Notes or other instrtunents of indebtedness betweeT.�t� �a�tQ�:�I���Sbcured Party cvidencing
<br />sums due or docurnents granting a security interest in the Collateral, irrespective of the time or order ot� attachment or perfection of the
<br />security interest in the Collateral or the order of filing the Deeds of'I'rust or other instruments of security with respect to the Collateral.
<br />6. This Agreennent shall remain in full force and effect and is binding upon the Subordinating Creditor and upon its
<br />successors and assigns, so long as any portian of the sums secured as described in Paragraph 3 are outstanding and unpaid.
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