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<br />SUBORDINATION AGREEMENT
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<br />THIS AGREEIV�NT made and ex�ute�i tlus 1� day of April, 2011 by and between HOME FEDIItAL SAVINGS
<br />AND LOAN ASSOCIATI4N OF GRAND ISLAND, hereinafter referred to as "Subordinating Creditor" (whether one or more), and
<br />HOME FEDERAL SAVINGS AND LOAN ASSOCIATION OF GRAND ISLAND, hereinafter referred to as "Secured party"
<br />WITNESSETH:
<br />VVF�REAS, W Michael Muth and Patricia A Muth, (whether one or more), hereinafter ref'erred to as "Debtor", has grante�
<br />to the Subordinating Creditor a Mortgage ar De�d of Trust dated August 25, 2003 and filed of reA;ord in the o�ce of the Hall Courny
<br />Register of Deeds, on the 2nd day of September, 2�3 as Document No. 200311556 in respect to that re,al estate described as:
<br />Parcel 1: Lot Nineteen (19), Island Acres Number 6, a Replat of Lots N'uieteen (19) and Twerny (20), Island Acres, City of
<br />Grand Island, Hall County, Nebraska.
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<br />Parcel2: Part of Lot One (1), Island Acres Number 11, in the City of Grand Island, Ha11 Cowrty, Nebraska, more particularly
<br />described as follo�vs: Beginning at the Southeast corner of Lot One (1), Island Acres Number 11, thence Westerly 32 feet along and
<br />upon the South line of Lot One (1), Island Acres Number 11, thence Northerly parallel to the East line of Lot One (1), Island Acres
<br />Number 11, a distance of 152.03 ; thence Easterly para11e1 ta the South line of Lot One (1), Island Acres Number 1 l, a distance of 32',
<br />thence Southerly along and upon the East line ofLot One (i), Island Acres Number 11, a distance of 152.03'to the poi� ofbe�inning.
<br />WHEREAS, the Secured Party has agreed to erner into a loan transaction with the Debtor, whereby certain funds are to be
<br />advanced to the Debtor conditional upon the Debtor providing the Secured Party with a first lien in respect to the above deseribed real
<br />estate, hereina.fter referred ta as the "Collateral"; and
<br />WHEREAS, the Subordinating Creditor is willing to subordinate any lien it may have in respect to the Collateral by reasan of
<br />Subordinating Creditor's Mortgage or Deed of Trust of record to perfect security whenever and wherever fil� in order to assure the
<br />Secured Party of a first lien position in and to the Collateral;
<br />NOW, TI�REFORE, it is agre.ed:
<br />1. The Subordinaxing Greditor hereby consents to a subordination of its priarity position to the Secured Party and a$rees that
<br />its lien in respect to the Mortgage or Deed of Trust hereinabove described, if any, shall at a11 times be secondary to the exte� herein
<br />provided and subject to the lien of the Secured Party in respect to the Collatezal.
<br />2. The Subordinating Creditor her�y consents to the Debtor granting S�ured Party a first lien in a11 the Collateral as
<br />describe,tl above ta secure indebt�ness to be advanced to Debtor by Secured Party, in the original principal amount of Sixty Five
<br />Thousand & OOIl00ths Dollars ($65,(m0.00), recorded in the office of the Ha11 County Register of Deeds on tt►e f/ t� day of April,
<br />2011 as Document No. n?�` �..���
<br />3. So long as an obligation is outstanding from the Debtor to the Secured Party far indebtedness evidenced by Promissory
<br />Notes or other instrumerns of indebtedness to the extent herein provided in Paragraph 2, the Secureci Party's irnerest in the Collateral
<br />sha11 have priority to over the lien of the Subordinating Creditor in that Collateral, and the Subordinating Creditor's interest in tbat
<br />Collateral is, in all respects, �abject and subordinate to the security interest of the Secured Party to the extent of the principal s�mn yet
<br />owing to Secured Pariy in respect to the indebtedness described in Paragraph 2 along with interest and costs alloc�ble thereto,
<br />however evidenc�i.
<br />4. So long as any portion of the described obligation to Secured Party is outstanding and unpaid, the provisions of the De�d
<br />of Trust of other instrument of security bet�vcen the Debtor and the Secured Party are cornrolling as to the Collateral in which Secured
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