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<br />UNILATERAL SUBORDINATION AGREEMENT
<br />(CORREC�IVE)
<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 Z2, WESTWOOD PARK FOURTH SUBDIVISION IN 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. _ _ in the office of the Register of
<br />Deeds of Hall County, Nebraska.
<br />200302363
<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. t�,� �p�, ��� � l p(� Q 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 �Vl� 2011
<br />� , ; �, � ,��,�,,��
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<br />� e ���r's`����?�', �,;
<br />� � = �f � '� �' � `' Platte Va11e State Bank & Trust Co.
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<br />,�. ,� ,��ar� � .�
<br />�1 °,�,�„ � ����, ,�,, �LENDER#1)
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<br />� � By:
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<br />=A� �." a � � Darla Burnham, t
<br />ST'�:'T� OF' NEBRASKA )
<br />)SS:
<br />COUNTY OF HALL
<br />Acknowledged before me this l�� day of ` �`` 2011 by Darla Burnham, Vice
<br />President of Platte Valley State Bank & Trus Co.on behalf of sa'd Corporation.
<br />,�(� u��� `:'.�
<br />�t I�Tl�1'- 5t�e ot Nebraska Notary Public
<br />VALERIE ilALVAN
<br />MyrCcn►m. Exp. Nov.17, 201A
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