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<br />` ��NA.T�.nl`� ,�GAEEMENT
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<br />THIS AGREEMENT made and executed this 22nd day of November, 2010, by and between HQME FEDERAL SAVINGS
<br />AND LOAN ASSOCIATION OF GRAND ISLAND, hereinafter referred to as "Subordinating Creditor" (whether one or rnore), and
<br />HOME FEDERAL SAVINGS AND LOAN ASSOCIATION OF GRAND ISLAND, hereinafter ref�rred to as "Secured Part�'.
<br />WITNESSETH:
<br />WHEREAS, Todd A Anania and ,(whether one or more), hereinafter referred to as "Debto�', has granted to the
<br />Subordinating Creditor a Mortgage or Deed of Trust dated October 24, 2007, and filed of record in the office of the Hall County
<br />Register af Deeds, on the 2nd day of Novernber, 2007, as Document No. 200709386 in respect to that real estate described as:
<br />Lot 52, Ravenwood Subdivision, Hall County, Nebraska .
<br />WHEREAS, the Secured Farty 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 position to the Secured Pariy and agrees that
<br />its lien in respect to the Mortgage or Deed of Trust hereinabove described, if any, shall at all times be sacondary to the extent herein
<br />provided and subject to the lien of the Secured Party in respect ta the Collateral.
<br />2. The Subordinating Creditor hereby consents to the Debtor granting Secured Party a first lien in all the Collateral as
<br />described above to secure indebtedness to be advanced to Debtor by Secured Party, in the original principal amount of One Hundred
<br />Sixty One Thousand and 00/100ths Dollars ($161,0OO.OQ) recorded in the office of the Hall County Register of Deeds on the
<br />� day of November, 2010, as Document No, �(�/Q' [��p�
<br />3. So long as ar► obligation is outstanding from the Debtor to the Secured Party for indebtedness evidenced by Fromissory
<br />Notes or other rnstrurnents of indebtedness to the extent herein provided in Paragraph 2, the Secured Party's interest in the Collateral
<br />shall have priority 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 of the Secured Party to the extent of the principal sum yet
<br />owing to Secured Party in respect to the indebtedness described in Paragraph 2 along with interest and costs allacable thereto,
<br />however evidenced.
<br />4. So long as any partion of the d�scribed obligation to Secured Party is outstanding and unpaid, the provisions of the Deed
<br />of Trust of other instrument of security between the Debtor and the Secured Party are controlling as to the Collateral in which Secured
<br />Party is ta have a fu'st security interest, including any ti.me there is a conflict between it and the provisions oF any lien instrument
<br />granted to thc Subardinating Creditor by the Debtor.
<br />5. This Agreement is a continuing, absolute and unconditional agreement of subordinaUon without regard to the validity or
<br />enforceability of the Promissory Notes or other instruments of indebtedness between the Debtor and the Secured Party evidencing
<br />sums due or docurnents granting a security interest in the Callateral, irrespective af the time or order of attachment or perfection of the
<br />security interest in the Collateral or the order of filing the Deeds of Trust or other �' }sptu�e,�,ts of security witta respect to the Collateral.
<br />6. This Agreem,c� �1�1� ,�c�p�� f°�1� �'orce and effect and �s�i�l�pdnt�e 6ubordinating Creditor and upon its
<br />successors and assi�ns, so long as any portion af the sums secured as described in Paragraph 3 are outstanding and unpaid.
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