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<br />UNILATERAL SUBORDINATION AGREEMENT
<br />WHEREAS, the parties to this agreement are the old lender, nainely The Platte
<br />Valley State Bank & Trust Company hereinafter called LENDER #1; and the new lender,
<br />namely Platte Valley State Bank & Trust Co, Its. Successors and/or Assigns, hereinafter
<br />called LENDER #2 and Scott E Wentling and Melody A Wentling, Husband and Wife, ,,�
<br />hereinafter called BORROWER, �' S �
<br />�
<br />WHEREAS, SORROWER is the owner of the real estate hereinafter called.
<br />PROPERTY which is described as:
<br />Lot Two (2), Block Four (4), Gladstone Place, an Addition to the City of Grand Island,
<br />Hall County, Nebraska, Excepting a certain tract more particularly described in Warranty
<br />Deed recorded as Document No. 93-103761
<br />WHEREAS, BORROWER has executed a Note in a principal amount of $15,000.00
<br />secured by a Mortgage/Deed of Trust in favor of LENDER #1, covering the
<br />PROPERTY, recorded on as Inst. No. 0200808883 in the office of the Register of Deeds
<br />of Ha11 County, Nebraska.
<br />WHEREAS, BORROWER will be executing or has executed a Note in a
<br />priiicipal amount not to exceed $138,125.00 to be secured by a Mortgage/Deea 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 as ��.�aoi �aai�
<br />NOW THEREFORE, in consideration of $1.00 and other va�uable
<br />consideration, receipt whereof is hereby acknowledge, LENDER #1 agrees to
<br />subordinate and does hereby subordinate its liens as shown and referred to aliove, to the
<br />lien of LENDER #2 as shown and referred to above, but only to the extent of the
<br />principal aanount of the new lien as shown in the above paragraph, plus any accrued
<br />interest, taxes; insurance or costs advanced to parotect its seeurify. �
<br />, �ated���iis 9�day of March, 2011
<br />>:,
<br />A
<br />" '� ' tLENDER #1)
<br />` �
<br />�' By:
<br />, � , ` ` . . a Bauer ' President �
<br />� �° � " a��'" ti" �� � � � � � Platte Valley State Bank� & Trust Co. �
<br />,_. . ,
<br />° � ��TAT� OF NEBRASKA )
<br />. . � )SS:
<br />COUNTY OF BUFFALO ) � �
<br />. .. � �
<br />Acknowledged before me this� day of March 2011 by Laura Bauer, Vice President
<br />of Platte Valley State Bank & Trust Co. on b alf of said Corporation.
<br />. , � �t- .
<br />� � �N � ^ �
<br />. �'� �� ��ar Notary Public �
<br />Mp Comm. Exp. Qck 13, 2014
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