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i <br />�� <br />�� <br />N � <br />B � <br />� �� <br />� <br />� � <br />� - <br />� <br />�� <br />� <br />I � + , <br />� <br />� <br />,: <br />.'�3 <br />aao <br />� <br />n � <br />� � � <br />� _, �:� <br />�� <br />�� �o�..�USg��. <br />� � , � <br />(— <br />� � �� �---' <br />S '� <br />!i� f � , <br />� e� � � - G"� <br />r � <br />�} ` � <br />� L! 1. <br />— ,—; , <br />�� ;� � <br />� (. _ W <br />� <br />�� r" <br />o ��- c. <br />UNILATERAL SUBORDINATION AGREEMENT <br />� <br />c� �, <br />Q - --f <br />C D <br />� --� <br />---i m <br />� c <br />� T <br />�l - <br />T r, <br />� m <br />r � <br />r � <br />(n <br />� <br />i> <br />� <br />� <br />;; WHEREAS, the parties to this agreement are the old lender, namely The Platte <br />�alley State Bank & Trust Company hereinafter called LENDER #1; and the new lender, <br />r�amely Its. Successors and/or Assigns, hereinafter called <br />LENDER #2 and John M. Hoggatt and Melissa K Hoggatt, Husband and Wife, <br />hereinafter called BORROWER, <br />Y *Platte Valley State Bank & Trust Co. <br />i, WHEREAS, BORROWER is the owner of the real estate hereinafter called <br />P,ROPERTY which is described as: <br />x: <br />LOT NINETEEN (19), BRENTWOOD THIRD SUBDIVISION, CIT'Y OF GRAND <br />ISLAND, HALL COiJNTY, NEBRASKA. <br />WHEREAS, BORROWER has executed a Note in a principal amount of $25,055.00 <br />secured by a Mortgage/Deed of Trust in favor of LENDER #1, covering the <br />PROPERTY, recorded on as Inst. No. 0200903764 in the office of the Register of Deeds <br />of Hall County, Nebraska. <br />O <br />N <br />� <br />�� <br />� <br />0 <br />O� <br />� <br />� <br />a-a <br />� <br />� <br />� <br />� <br />.. 9 <br />� <br />� <br />s� <br />�7 <br />� <br />� <br />� <br />� �U <br />� � <br />� tY� y recorded September 12, 2011 as Document No. <br />- 201106751 <br />WHEREAS, BORROWER will be executing or has executed a Note in a <br />principal amount not to exceed $184,700.00 to be secured by a Mortgage/Deed of Trust in <br />�'avor of LENDER #2, covering the PROPERTY, and to be recorded in the office of the <br />Re 'ster of Deeds of Hall Coun Nebraska <br />NOW THEREFORE, in consideration of $1.00 and other valuable <br />c'onsideration, 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, taaces, insurance or costs advanced to protect its security. <br />Dated this 9th day of August, 2011 <br />I� <br />�LENDER #1) <br />Valley State Bank & Trust Co. <br />STATE OF NEBRASKA ) <br />)SS: <br />COUNTY OF BUFFALO ) <br />Acknowledged before me this 9th day of August 2011 by Laura Bauer, Vice President of <br />Platte Valley State Bank & Trust Co.on behalf�f aid Corporati . <br />_ � _ <br />�, <br />GENERAL NOTARY - State of Nebraska � � <br />I� PAULA D. BRUNGARDT Notaty Public <br />+�� My Comm. Exp. Oct 13, 2D14 <br />