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�� � � � � � � � � � � � � � N � ti ` � �� ..�. r:• �{/J � / � p VJ � � � .'C� � � �` � �A � � � � � r^ c�.-.� � �._.�. �� ° f� w, -z. �� ` � 7 �' f"T1 � �°� �"�- `a `` �` � t . l O c:-� L�-� fT� ^-� /,� �'� � u \ r.� U> G � � C..] � :•�� • •�: :.._ � ra u� o � � Tr � _.� � �r� --� . � �� T T1 -.r � �T'� C.' 7 _X7 � U'� x �� � c� a � � �""" � �� �� � C.C� � � PTI � � f �J � � � ^� � C � m � � O �i0.5o THIS AGREEMENT made and executed this 22nd day of November, 2010, by and between H�ME FEDERAI, SAVINGS .AND LOAN AS50CIATION OF GRAND ISLAND, hereinafter referred to as "Subordinating Credito�' (whether one or more), and HOME FEDERAT� SAVINGS AND LOAN ASSOCIATION OF' GRAND ISLAND, hereinafter referred to as "Secured Part}�'. WITNESSETH: WHEREAS, Todd A Anania and ,(whether one or more), hereinafter referred to as "Debtar", has granted to the Subordinating Creditor a Mortgage ar Deed of Trust dated September 14, 2001, and filed of record in the office of the Hall County Register of Deeds, on the 20th day of September, 2001, as Docunnent No. 200109536 in respect to that real estate described as: Lot 52, Ravenwood Subdivision, Hall County, Nebraska . WHEREAS, the Secured Party has agreed to enter into a loan transaction with the Debtor, whereby certain funds are to be advanced to the Debtor conditional upon the Debtor providing the Secured Party �c�vith a first lien in respect to the above described real estate, hereinafter referred to as the "Collateral"; and WHEREAS, the Subordinating Creditor is willing to subordinate any lien it may have in respect to the Collateral by reason of Subordinating Creditor's Mortgage or Deed of Trust of record to perfect security whenever and wherever filed in order ta assure the Secured Party of a first lien position in and to the Collateral; NOW, THEREFORE, it is ag�reed: 1. The Subordinating Creditor hereby consents to a subordination of its priority position ta the Secured Party and agrees that 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 provided and subject to the lien of the Secured Party in respect to the Collateral. 2. The Subordinating Creditor hereby consents to the Debtor granting Secured Farty a fust lien in all the Collateral as described above to secure indebtedness to be advanced to Debtor by Secured Farty, in the original principal amount of One Hundred Sixty One Thousand and 00/100ths Dollars ($161,000.00), recarded in the office af the Hall County Register of Deeds on the �$ day of November, 2010, as Document No. �01�] - '�' 3. So long as an abligation is outstanding from the Debtor to the Secuxed Party far indebtedness evidenced by Promissory Notes or other instruments of indebtedness to the extent herein provided in Paragraph 2, the Secured Pariy's interest in the Collateral shall have priority to over the lien of the Subordinating Creditor in that Collateral, and the Subordinating Creditor's interest in that Collateral is, in all respects, subject and subordinate to the security interest of the Secured Party to the extent of the principal sum yet owing to Secured Party in respect to the indebtedr►ess described in Paragraph 2 along with ir►terest and casts allocable thereto, however evidenced. 4. So long as any portion of the described obligation to Secured Party is outstanding and unpaid, the provisions of the Deed of Trust of ather instrument of security between the Debtar and the Secured Pariy are controlling as to the Collateral in which Secured Party is to have a first security interest, including any time there is a conflict between it and the provisions of any lien instrument granted to the Subordinating Creditor by the Debtor. 5. This Agreement is a continuing, absolute and unconditional agreement of subordination withaut regard to the validity or enforceability of the Promissory Notes or other instrurnents af indebtedness between the Debtor and the Secured Party evidencing sums due or documents granting a security interest in the Collateral, irrespective of the time or order of attachment or perfection of the security interest in the Collateral or the order of filing the Deeds of Trust or other instruments of security with respect to the Collateral. 6. This Agreement shall remain in full force and effect ,�d }� ��n� u�an the Subardinating Creditor and upon its successors and assigns, so long as any portion of the sums secured as described in Paragraph 3 are outstanding and unpaid.