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20ia09076 THIS AGREEM�NT (the "Agreement"), effective as of the Effective Date above, is made by and arnong tha Subordinating Lender, Owners and the S�nior L�nder nam�d abova. STEVEN J MUNOZ AND NORINE R MLTNOZ, HUSBAND AND WiFE (individually and callectively the "Owner") own the real property located at the above Property Address (the "Property"). The Subordinating Lender has an interest in the Property by virtue of a Short F'onn Open-End Deed of Trust given by the Owner, covering that real property, more particularly described as Follows: See Exhibit A which document is dated the 19th day of September, 2008, which was filed in Instrument # 0200808286 at page N/A (or as No. N/A) of the Records of the Office of the Register of Deeds of the County of HALL, State of Nebraska (the "Existing Security InstrumenY'). The Existing Security Instrument secures repayrnent of a debt evidenced by a note or a line of credit agreement extended to NORINE R MUNOZ and STEVEN J MUNOZ (individually and callectively "Borrower") by the Subordinating Lender. The Senior Lend�r has agreed to make a new loan or amend an existing loan in the original principal amount NOT to exceed $67,000.00 (the "New Loan ar Amended Laan"), provided that the New Loan ar Amended Loan is secured by a first lien mortgage on the Property (the "New Security Instrument") in favor of the S�nior Lender. If the New Loan or Amended Loan axceeds this amount, th� Subordination Agre�ment is VOID. The Subordinating Lendar is willing to subordinate the lien of the Existing Security Instrument to th� lien of the New Security Instrument under the terms set forth in this Agreement. NOW, THEREFORE, for and in consideration of the above recitals, the covenants herein contained, and for good and valuable consideration, the receipt of which is hereby acknowledged, the parties agree as follows: A. Agreement to Subordinate Su6ordinating Lender and Trustee, if applicable, hereby subordinates the lien of the Existing Security Instrument, and all of its madifications, extensians and renewals, to the lien of the New Security Instrument. This Agrecment is effectiv� as to any sum whose repayment is presently secured or which may in the futura be secured by the Existin� Security Instrument. �. Appnintment of Substitate Trustec IfApplicable The Existing Security instrument names N/A, as Trustee and the Subordinating Lender as Beneficiary. The Existing 5ecurity Instrument provides that the Subardinating Lender may designate and appoint a substitute Trustee in place of any other trustee by an instrument recorded among the appropriate land records. The Subordinacing Lender hereby removes N/A as Trustee and designates and appoints N/A as substitute Trustee with the same powers and duties as were originally vested in the Original Trustee under the Existing Security Instrument. C. General Terms and Conditions Binding Effect — This Agreement shall be binding upon and inure to the benefit of the respective heirs, legal representatives, successors and assigns of the parties hereto and all of those holding title under any of them. Nonwaiver — This Agreement may not be changed or terminated arally. No indulgence, waiver, election or non-election by New Lender or the trustee(s) under th� N�w Security Instrumant or r�lated documents shall affect this Agreement. SUBORDINATION ONLY NE V 1.0 Page 2 of 3 0000000000112770 mm