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� <br />� <br />N � <br />A � <br />j �� <br />� ��. <br />0 <br />� � <br />0 � <br />�� <br />� <br />� <br />� <br />,� <br />«.. <br />. <br />�."t <br />� + <br />� <br />C I <br />' � � N <br />�� <br />RE-RECQRDE� <br />2011020.� 1 <br />2011006�0 <br />� � r <br />� <br />�� ...r. ° —+ � � �7 <br />� S � � m � N � <br />� � � � <br />° � ► -.a <br />:N c7� Z <br />� � � � � � <br />..� � A � � � C <br />3 r �- n m Q>; � <br />Q rv � � a' .' � <br />� v � �' ~ . � <br />r� � Q o � . <br />rn <br />m <br />C� <br />f� <br />UNILATERAL SUBORDINATION AGREEMENT <br />W7�:ItEAS, the parties to this agreement are the oid iender, namely Federal <br />Home Loan Bank of Topeka hereina$er called LENDER #1; and the new lender, namely <br />Platte Valley State Bank & Trust Co., Its. Successors and/or Assigns, hereiriafter called <br />LENDER #2 and Shawn P Thoene, A Single Person, hereinafter called BORROWER, <br />. WHEREAS BORROWER is the owner of the real estate hereinafter callecl <br />PROPERTY which is described as: <br />Lot Three, Block Four, Boggs and Hill's Addition ta the City of Grand Islaz�d, Hall <br />County, Nebraska. <br />WHEREAS, BORROWER has executed a Note in a principal amount of $4,OOO.QO <br />secured by a Mortgage/Deed of Trust in favor of LENDE�2 #1, covering the <br />PROPERTY, recorded on as Inst. No. 0200802593 in the o£fice of the Register of <br />Deeds of Ha11 County, Nebraska. <br />WHEREAS, BORROWER wi11 be executing or has executed a Note in a <br />principal alnount not to exceed $83,d00.00 to be secnred by a Mortgage/Deed of Tzust in <br />favor of �.,?El�IDE�t #2, c�vering the PR�P]�R7C�' an� to �ae recorded in the offz�e o£tl�e <br />Register of Deeds of HaII County, Nebraska� as vocument No . 201100608 . <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 tlie above paragrapYz, plus any accrued <br />interest, taxes, irisuxance or costs advAnced to profiect its seeurity. <br />Dated fhis � day of 2Q1 p <br />� <br />Federal Home Loan Bank of opeka <br />�LENAER #1) <br />BY. �Vlarl� � hlo� rd . A ss� s�- v, �- v(� <br />STATE OF �(�,S ) <br />)SS: <br />COUNTY OF 5��� <br />� <br />� � <br />� �., . <br />Acknowledged before iYi.e this � S day of 2010 by d H Y P <br />of Federal Home Loa.n Bank of Topeka on behalf of said Corporation. � <br />DAWN HARRIS <br />� Notary Public - State of Kansas <br />My Appt.'Expires � _ f � _ / Notary Public - wn (a,rris . <br />