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,1 11•1:: THIS AGRE�MEIVT (the "Agreement"), effective as of the Effective Date above, is made by and amang the Subordinating Lendar, Owners and the Senior Lender named above. MCCHAEL (i. MEYER AND YOLANDA L. MEYER, HLJSBAND AND WIFE� AS JOINT TEAT,ANTS WITH RIGHT OF SURVNORSHIP AND NOT AS TENANTS IN COMMON (individually aad collectively tlae "Owner") own the real pmperty located at the abova Pmporty Addre�s (the •`Property The Subordinating I.�ndor has an interest in the Prnperry by virtuo of a Real Estate Deed Of Trust (With F'uture Advanca Clausa) givan lry the Owne�r, covering that real property, moire particnlarly describod as follows: Sce Bxhibit A -M Q1Z[�ot� � IZ�O`C�jlp?S which docunnent is dated tho 1Qth day of November, 2Q03, whioh was filed in Instrumvn�# 020Q31S'158 at pa$e N/A (ar as No. N/A) ofthe Record� of tlae Offzce of the Register af Deeda afthe County of HALL, Stxte of Nebraska (the "Existing Security Instrument"). 'ihe Existing Security Instrument secures repayment of a deht avidenced by a note or a line of credit a�rreement extended to YO�,ANDA L MEYE,R and NIICFiAEL G MEYER (individually and collectively "Bocrowe�') by the Subordinating Lender. The Se�uior Lender has agroed to make a new loan or amend an existing loan in the original principal amount NOT to exceed 566�122.00 (the "New Loan or.4mended �,oan"), provided that the Naw Loan or Amendad Loan is sacwred by a firat lien mort�age on tho Property (the "New Security InsWmenY') in favor of the Senior Landar. If the New Loan or Amended L,oan exceeds this amount, tha Subordinarian Agreement is VOID. -[b b-Q, t�cwcrAed c or�wrt� w.�N� �� eat � t��o4J� o Thc Subordinating Lender is willing to subordinata the lion of the Bxisling Security Instrument to the lien of the New Security Instrument undar the terms set fnrth in this Agraement. NOW, THEREFOItE, for and in consideration of the above recitals, the covenants herein contained, and for godd and valuable wnsideration, the receipt of which is hereby acknowledged, th� parties agree as follows: A. Agreement to Snbordinate Subordinatin� I,onder and Tcu�tee. if applicable, hereby snbordinatos the lien of the Existiang Secucity Tnstrument� and all of its modi�cations� extensions end renowals, to tite l�en of the New Security Instrument. This A�reement is effective as to any swon whosa repayment ia preaently secured or which may in tha future be secured by the Existing Socurity Instrumant B. Appointm�nt of Substituta Trwtee �jIAPPlkable The Existing Security Instrument names N/A, as Tru�tee and the Subordinsting Lend� as Beneficiary. Tl�e Existing Security In�tnunont providas that the Subordinating Lender may desi�ate and appoint a substitute TYustee in place of aay other wstee by an inst�nimcnt recorded among the appropriata laad racords. Tho Subordina�ing Lender hereby rennoves N/A aa 'I�ust�e aad designates and appoints N/A as substituta Trustee with the sa�me powors aad duties as were originally vested in tha Original Trustee undcr the �xisting Securi�ty Instrument. C. Genarxt Tenns and Conditions Bindi�ng Eifed —'I'his Agreement ahall be binding upon and inure to t�e benefxt of the respective heirs, legal rcprosantativee� succes:ors and aaaigns ofthe parties hereto and all of those holding title under any of them. SUBORDINATION ONLY NE V1,0 Page 2 of 3 UQQ0000000141050 �