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201009077 THI$ AGREEMENT (the "AgreemenY'), effective as of the Effective Date above, is made by and amon� the Subordinating Lender, Owners and thc Senior Lender named above. ST6VEN J MUNOZ AND NORINE R MUNOZ, HUSBANb AND WlF'E (individually and collectively the "�wner") own the r�al property located at the above Property Address (the "Property"). The Subordinating Lender has an interest in the Property by virtue of a Short Forrn Open-End Deed of Trust given by the Owner, covering that real property, more particularly described as follows: See Exhibit A which document is dat�d 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 (th� "Existing Security instrument"). The �xisting Security Instrument secures repayment of a debt evidenced by a note or a line of credit agreement extended to STEVEN J MUNOZ and NORiNE R MUNOZ (individually and collectively "Borrower") by the Subordinatin� Lender, The Senior Lender has agreed to make a new loan or amend an existing loan in the ariginal principal amount NOT to exc�ed $67,000.00 (the "New Loan or Amended Loan"), provided that the New Loan or Amended Loan is secured by a�rst lien mortgage on the Aroperty (the "New Security Instrument") in favor of the Senior Lender. If the New Loan or Amended Loan exceeds this amount, the Subordination Agreement is VOID. The Subordinating Lender is willing to subordinate the lien of the Existing Security Instrument to the lien of the New Security lnstrument 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 Subordinating Lender and Trustee, if applicable, hereby subordinates the lien of the Existing Security Instrument, and all of its moditications, extensions and renewals, to the lien of the New Security Instrument. This A�reement is effective as to any sum whose repayment is presently secured or which may in the future ba secured by the Existittg Security lnstrument. B. Appointment of Substitute Trustee tjApplicable The Existing Sacurity Instrument names N/A, as Trustee and the Subordinating Lender as Beneficiary. The �xisting Security Instrument provides that the Subordinating Lender may designate and appoint a substitute Trust�e in place of any other trustee by an instrument recorded among the appropriate land records. The Subordinating Lender hereby removes N/A as Trustee and designates and appoints N/A as substituta 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 titl� under any of them. Nonwaiver — This Agreement may not be changed or terminated orally. No indulgence, waiver, election or non-election by New Lender or the trustee(s) under the New Security Instrument or related documents shall affect this Agreement. SUBORDINATION DNLY NE V1.0 OOOOOOOOOOI31218 Page 2 of 3