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<br />UNII.ATE1tAL SUBORDINATION AGREEMElv'1''
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<br />,.� WHEREAS, the parties fio this agreement are the old lender, aamely Platte Va11ey
<br />State Banlc & Trust Co hereinafter called LENDER #l.; and tlie new lender, namely
<br />Platte Valley State Bank & Trust Co, Tts Successors and/or Assigns, hereinafter called
<br />LENDE�t #2 and Eric R Shuinan and Rebecca A Shuman f/k/a Rebecca A Russ,
<br />k�usband and Wife, l�ereinafter called BORR.OVV�ER, �
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<br />WH�REAS, BORROWER is t11e owYner of the real estate hereiu�after called -
<br />P�iOPERTY which is'described as: � �
<br />LOT THIltTY SEVEN (37),1NDIANHEAD SEVENTH SUBDIVISION IN THE CITY
<br />C.1F GRAND ISLAND, HALL COUNTY, NEBRASKA
<br />WHER.EAS, BORROWER has executed a Note in a principal ainount of $73,000.00
<br />secured by a Mortgage/Deed of Tn�st in favor of L�NDER #1, covering the
<br />PROPERTY, recorded on as Inst. No. 0201100902 in the office o£the Register of
<br />Deeds of Ha11 Counry, Nebraska. .
<br />WHEREAS, BORROWER will Ue executing or l�as executed a Note in a
<br />principal am.ount not to exceed $117,000.00 to be secured by a MortgagelDeed of Trust in
<br />favor of LENDER #Z, coveruzg the PROPERI'Y, recorded as Inst No. ��(���� in
<br />the office o£the Register of Deeds of Ha11 County, Nebraska �
<br />NOW THEREFORE, in consideration of $1.00 and otlier valuable
<br />ct�nsideration, receipt whereof is hereliy acknowledge, LENDER #l: agrrees to
<br />subordinate and does hereby subordiunate its liens as shown and refezxed to above, to the
<br />lien of L�ND�R #2 as shown and refeired to above, but only to the extent�o£the •� �
<br />priricipal aariount o£the new lien as shown in the above �aragi-apl�; plus any �.ccruecl
<br />inte�est, taxes, insurance or casts advanced to protect its security: '
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<br />Dated t1us�� day of s� ; 2011 �
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<br />A.cknowledged before me tlus I� day of u b 2011 by La.ura Bauer, Vice
<br />President of Pla�te Valley State Bank & Tzu.st ..on behalf of said Corporatioi�.
<br />�: t+�tnm► = state ot debras�a �'G(,(,� . � . ` .
<br />QAULA D. BRUN(3ARDT
<br />� � � � �,, �, ��, �p�� � Notary Public
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