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<br />UNILATERAL SUBORDINATION AGREEMENT
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<br />WHEREAS, the parties to this agreement are the old lender, namely The Platte
<br />Valley State Bank & Trust Company hereinafter called LENDER #1; and the new lender,
<br />namely First National Bank of Omaha., Its. Successors and/or Assigns, hereinafter called
<br />LENDER #2 and Todd C Enck and Kelly A Enck, Husband and Wife, hereinafter called
<br />BORROWER,
<br />WHEREAS, BORROWER is the owner of the real estate hereinafter called
<br />PROPERTY which is described as:
<br />LOT 22, WESTWOOD PARK FOURTH SUBDIVISION 1N THE CITY OF GRAND
<br />ISLAND, HALL COUNTY, NEBRASKA
<br />WHEREAS, BORROWER has executed a Note in a principal amount of $40,000
<br />secured by a Mortgage/Deed of Trust in favor of LENDER #1, covering the
<br />PROPERTY, recorded on as Inst. No. _2010-5969_ in the office of the Register of
<br />Deeds of Hall County, Nebraska.
<br />WHEREAS, BORROWER will be executing or has executed a Note in a
<br />principal amount not to exceed $190,000 to be secured by a Mortgage/Deed of Trust in
<br />favor of LENDER #2, covering the PROPERTY, and to be recorded in the office of the
<br />Register of Deeds of Hall County, Nebraska. c�,S � ,;c, ��c � l �c: � z a
<br />NOW THEREFORE, in consideration of $1.00 and other valuable
<br />consideration, receipt whereof is hereby acknowledge, LENDER #1 agrees to
<br />subordinate and does hereby subordinate its liens as shown and referred to above, to the
<br />lien of LENDER #2 as shown and referred to above, but only to the extent of the
<br />principal amount of the new lien as shown in the above paragraph, plus any accrued
<br />interest, taxes, insurance or costs advanced to protect its security.
<br />Dated this ��day of �. V1� , 2011
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<br />STAT� OF NEBRASKA
<br />COUNTY OF HALL )
<br />Platte Valle State Bank & Trust Co.
<br />�LENDER #1)
<br />By:
<br />Darla Burnham, ' nt
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<br />Acknowledged befare me this C"�-r day of �' �`' 2011 by Darla Burnham, Vice
<br />President of Platte Valley State Bank & Trus Co.on behalf of sa'd Corporation.
<br />l�� G��.�'� _-�,
<br />�iAINOTARY-StateofNebraska NotalyPublic
<br />VALERIE GALVAN
<br />_ My Comm. Exp. Nov.17, 2014
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