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<br />UNILATERAL SUBORDINATION AGREEMENT
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<br />WHEREAS, the parties to this agreement are the old lender, namely Home
<br />Federal Savings and Loan Association of Grand Island hereinafter called LENDER #1;
<br />and the new lender, namely First National Bank of Omaha, Its Sucessars and /or Assigns,
<br />hereinafter called LENDER #2 and Jeremy L Jensen and Kimberly A Jensen, Husband
<br />and Wife, hereinafter called BORROWER,
<br />WHEREAS, BORROWER is the owner of the real estate hereinafter called
<br />PROPERTY which is described as:
<br />LOT TWENTY EIGHT (28), BLOCK ONE (1), IN BRENTWOOD SUBDNISION IN
<br />THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA
<br />WI3EREAS, BORROWER has executed a Note in a principal amount of $25,000.00
<br />secured by a Mortgage/Deed of Trust in favor of LENDER #1, covering the
<br />PROPERTY, recorded on as Inst. No. 200903508_ 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 $180,000.00 to be secured by a Mortgage/Deed of Trust in
<br />favor of LENDER #2, covering the PROPERTY, Recorded as Inst No 201100621 in
<br />the office of the Register of Deeds of Hall County, Nebraska.
<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, ta�ces, insurance or costs advanced to protect its security.
<br />Dated this �� day of �� � , 2011
<br />Home Federal Savings and Loan Assn.
<br />y � ? �� �LENDER #1)
<br />B �cq:��r'GR � !/[ � £��E'S ( ,OE°�- ( `�1
<br />�c.c� /�� ����'�, !'de � �.��'.�,.���,c�-
<br />STATE OF NEBRASKA )
<br />)SS:
<br />COUNTY OF HALL )
<br />Acknowledged before me this a 2.�'` day of `j ,�,, �,� 2011 by ✓�,,,,, �{� ,
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<br />�lc�,,� V��c, , �:c�f Home Federal Savmgs and Loan Assn of Grand Island on
<br />behalf of said Corporation.
<br />GEjVENAi. PdOTI�iY - State ofi Nebraska
<br />LAURA l. IVORVELL
<br />MY Cumm. Exp. Nov.1, 2012
<br />Not Public 6
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