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�.� �� �w �r. � �� �� � r�� � � � � � � (Q r�Al�ll� N � � - � � �� �r� � � x:r�. � r� � r � p V' � � � � � Z � � � � _ � �. _ ��, � � ,._.� �� � �x� _ r ,�' , � �� 1 � �� � �.�'� � VJ � �.' � r.:: \ C� �� CM ` � /1 ��n ' �C� V � rn � d t_) �° . U � C�J C.7] : �' � • ►. 1� _, � v� c� _.� � ?; � � �t _.E :._:� �7 � 'T� _"'- - �� yT !"I`] (�- Z7 I�"" .L�' U� � � CJ'� CC� � c� N � � � �) � � N CL� m � � � � � lCw � � � � ri'1 �"1 Z � ts.s� THIS AGR$EMEN'T made and executed this � day of November, 2010, by and between HOME FEDERAL SAVINGS AND IAAN ASS�CIATION OF GRAND ISLAND, hereinafter referred to as "Subordinating Creditor" (whether one or more), and HOME FEDERAL SAVINGS AND LOAN A$SOCIATION OF GRAND ISLAND, hereinafter refezred to as "Secured Part}�'. . WITNESSETH: WHEREAS, 7erry L Senker and Jeanne M Senker, (whether one or more), hereinai�cr referred to as "Debto�', has granted to the Subordinating Creditor a Martgage ar Deed of Trust dated March 23, 2010, and filed of recard in the of�ice of the Hall County Register of Deeds, on the Sth day of April, 2010, as Docurnent No. 20100218b uz respect to that real estate described as: See Attached Exhibit "A" for I,egal Description 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 with a fust 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 rnay have in respect to the Collateral by reason af Subordinating Creditor's Mortgage ar Deed of Trust of record to perfect security whenever and wherever filed in order to assure the Secured Party of a first lien position in and to the Collateral; NOW, THEREFORE, it is agreed: 1. The Subordinating Creditor hereby consents to a subordination of its priority position to the Securad Party and agrees that its lien in respect to the Mortgage or Deed af Trust hereinabove dsscribed, if any, shall at all times be secondary to the extent herein provided and subject ta the lien of the Secured Party in respect ta the Collateral. 2. The Subordinating Creditor hereby consents to the Debtor granting Secured Party a first lien in all the Collateral as described above to secure indebtedness to be advanced to Debtor by Secured Party, in the original principal amount of Thirty Nine Thousand Two Hundred and 00/100ths Dollars ($39,200.00), recorded in the office of the Hall County Register of Deeds on the /O '� day of November, 2010, as Document No. p�0/ O C� c�,��7 /• 3. So long as an obligatian is outstanding from the Debtor to the Secured Party for indebtedness evidenced by Promissory Notes or other instruments of indebtedness to the extent herein provided in Paragraph 2, the Secured Party's interest in the Collateral shall have pr�iority 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 exter►t af the principal sum yet owing to Secured Party in respect to the indebtedness descnibed in Paragraph 2 along with interest and costs allocable thereto, however evidenced. 4. Sa long as any portion of the described obligation to Secured Party is outstanding and unpaid, the provisions of the Deed of Trust of other instrument of security between the Debtor and the Secured Pariy are controlling as to the Collateral in which Secured Party is to have a first secuxity interest, including any time there is a conflict between it and the provisions of any lien instxument granted to the $ubordinating Creditar by the Debtor. 5. This Agreexnent is a continuing, absolutc and unconditional agreement of subordination without regard to the validity or enforceability oF the Promissory Notes or other inshvments of indebtedness between thc Debtar and the Secured Party evidencing sums due ar documents granting a security interest in the Collateral, irres ective of the time or order of attachment or perfection of the security interest in the Collateral or the order of filing the T1y��s bgT�s�n �thex 3nshuments of security with respect to the Collateral. 6. This Agreement shall remain in full force and effect and is binding upon the Subordinating Creditor and upon its