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201009572
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201009572
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Last modified
12/22/2010 2:58:05 PM
Creation date
12/22/2010 2:58:04 PM
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DEEDS
Inst Number
201009572
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201009572 <br />'1'HYS AGREEMENT (the "Agreoment"), effective as of the Bffective Date abave, is made by snd among the <br />Subordinating Lander, Ownars and the Saniar Leiaa�der narned above. <br />PAMELA JEAN RUZICKA, AN UNMARRIED PERSON (individually and collectivcly th� "Owne� own the real <br />property tocated at the above Praperty Address (the "Property'�. <br />The Subordinaring Lnnder has an interest in the ProperCy by virtua of a Short Form Open-End Deed of Trust given <br />by thc Owncr. cavering that real proporty, mare particulatly described aa fallows: <br />S Farhibit A <br />Kccorakd Do��= bt�o��o�v <br />which document is dated the 14th day ofDecembcr, 009, wliich was filcd in Instrument # 020100U161 at pa�e <br />N/A (or as No. N/A) of the Records of thc Office af the Ragist�r of Doeds of the County of HALL� Sta�te of <br />Nebraska (the "Existing 5ecurity Instrument"). The E�cisting Sacurity Instrument secures repaymeut of a debt <br />Bvidenced by a nnte nr a line of credit agreement extended ta PAMELA 7EAN RUZICKA (individually and <br />collcctively "Sarrowcr") by the Subardinating Lender. <br />t Ruorr� dV1 t 1/1Z.�y,plo a[�, Ihs.� yptp08�7 <br />The Senior Lender ha� agreed to malca a n�w loan or amend an existing loan in the ariginal principal amaunt NOT <br />ta exceed $77,896,p0 (the "New Loan or Amended Laan")� pmv�ided that tho New I.oan or Amended I,oan is <br />scoured by a first lien mortgage on the Praperiy (the "New Security Instrument") in favor of the Seruor Lender. If <br />thc Ncw Y,oan or Amendad Loan axc�ds thi� amo Subaardin 'on en i8 VOTD. <br />�,: ��o����v <br />Tha Subord' tine endar is willine to �ubordinate th ian tha � ting acunhr ant to the »n of the <br />New Security Tnstrument under the terms set forth in 1�is Agreement <br />NOW, THEREFORE, for and in consideratioa af the above recitals, th� covenants herain co�rtained, and for good <br />and valuable consideration, the receipt ot'which is he�by acicnowledgerl, the partias sgree as follows: <br />A. Agreement to Subordlnate <br />Subordinatiuig Lender and Trustee, if applicablo, hereby subordinates the lien nF the Exigting Security <br />Inst�rument, and all af its modifications, extensions and renawals, tv th� lien pf thc New Security Instrumen� <br />This Agre�anent is effeetive as to any sum whase repayment is presently seaured or which may in the future be <br />secured by the Exisw�g Sacurity Instrument <br />B. Appaint�nent of Substitute Trnetee �Applicable <br />Tha Existing Security In:trument names N/A, as Trustee and the 5ubordinating Lender as Beneficiary. Ttaa <br />�xisting Sacurity Inatrument provides that the Snbordinating Lender may d@signate and appoint a snbstitute <br />Trustee in place of any other trustee by $n instrument recorded arnong the appmpriate land records. <br />The Subo;rdinating Lendcr hereby removes N/A aa Trustce and dosignates and appoint� N/A as subatituta <br />Trustee with tho same powars and dutios aa were or�gi�►ally vested in the Original Trustee under the Existing <br />Socurity Instrument. <br />C. General Term� and Condi�ions <br />Bind3n� Effect — This Agreement shall be binding upan and inure tn the benefit af tha resp�ctive hcirs, Icgal <br />representatives, sucoosaors and assigns of thc partie� hereta and all of those holdia;g titlo under any of tham. <br />Nonwaiver — This Agreetnant may not be changad or tenminated orally. No indtxlgence, waiver, election or <br />non-election by New Lendor ar tha trustce(s) under the New Security Tnstrument or related documents $hall <br />affect this Agreeman� <br />SUBORDINATION ONLY NE V 1.0 Paga 2 of 3 <br />OOpOpQ0000085565 <br />
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