|
�� . . .
<br /> � •� ,
<br /> :a�ii. - .. .. . . - ,.#._...
<br /> , ,'�'�����MM... . � . .. .. . . . . ' . .. .. . . +�.':P�.7, � �Y�i..j���-.
<br /> /i �'
<br /> . _..._ i7 I /'� �•:Y�:1�}�
<br /> I�l ir�' yw,,,�,g,�'
<br /> .. � �►
<br /> . ^ � 1 i11 t ._�..+..a._•'J.
<br /> ^i. � -'ri±NOR�.r�
<br /> w � � i • � � " �'�".•I.-q �"
<br /> '� f11 (/1 w `�
<br /> ' � �1 'T_ •• ' O�D O � m r4 �,i'.
<br /> � � � �� ) o � rTrrn � r; � ^��s .
<br /> `� � �._. � ' .^� `\ � -� c� I s�a' „
<br /> S) �� � �17 � o -n r �� :
<br /> . �j,C,V � --d7 !: � ,'� � x �?.-, � ~ , ,.. :i
<br /> l� 4��, � � � n na o � -
<br /> `C � / n ` 3 � n �--' � - -
<br /> n
<br /> O �1 � [� Q �/n � � '�.'Y.�-� .
<br /> A
<br /> .�,•'� p f!� .,� � -
<br /> Subordination Agreement � =---
<br /> � (Deed of Trust/Creditor S�bordination to Norwest) ��,. � �-
<br /> \ �
<br /> This Subordinatian Agreement("Agreement")is made this ?2 n�}iay of n e c c m t e r ,
<br /> by and between Norwest Bank Nebraska,National Association,a national banking association
<br /> ("Norwest")and Home Federul Savings and Loan Association
<br /> (the"Creditor"), __-
<br /> Recitals a n d l�u s b a n d
<br /> Barbara J. Pforan and Stephen J. Moran. Wife (whetYieroneormore, � � �
<br /> ��� the"Borrower"),gave a deed of trust to the Creditor dated Ap r i 1 2 2, 19 9 6 _ (the
<br /> ''Creditor Deed of Trust"),and recorded in the Office of the Register of Deeds for xai 1 �.�
<br /> � County,Nebraska on Ma y 2 9, 19 9 6 as Instrument Number 9 6-l 0 412 6 in ��-_
<br /> '� Book Page ,which constitutes a lien on real property located in r9°-
<br /> xa 11 County,Nebraska more particularly described as follows(the"Property"):
<br /> - ' {� Lot �:ight ($j . colonial �:atates r'iith (.7thj subdlvision, (:ity ot
<br /> . " �rand Island , Hall County, Nebraska
<br /> t-
<br /> , r
<br /> v.
<br /> N
<br /> r Norwest has made ar is making a loan to the Borrower, secured by a deed of trust on the
<br /> � Property dated December 19, 1997 (the"Norwest Deed of Trust"),in the principal amount of
<br /> $�.�boo.a5 and recorded in the Office of the Register ofDeeds for xail
<br /> ,
<br /> County,Nebraska on Januarv 15, 19H8 as Instrument Number 98-100351 in Book
<br /> Page
<br /> CredYtor has agreed to execute and deliver this Agreement for the purpose of subordinating its _
<br /> �� interest in the Propert}r pursuant to the Creditor Deed of Trust to the interest of Norwest in the � _
<br /> �. Property pursuant to the Norwest Deed of Trust. -:--
<br /> �
<br /> � AgreEment ��
<br /> . ..r �,
<br /> rs
<br /> �:_.
<br /> NOW THEREFORE,in consideration of the premises and as an inducement to Norwest to °�—
<br /> accept the Norwest Deed of Trust,Norwest and Creditor agrec;as follows: ���
<br /> 1. Creditor agrees to subordinate,and hereby does subordinate,the lien of the Creditor �� �� -
<br /> ..:,--
<br /> � Deed of Trust in and aguinst the Property to the lien of the Norwest Deed of Trust in and �'!````��
<br /> � -:��:��
<br /> 1 against the Property. Creditor agrees that the Norwest Deed of Trust shall have the same -. .._:
<br /> :�__
<br /> validity,force and effect as if executed,delivered,and recorded prior to the date of execution
<br /> � of the Creditor Deed of Trust.
<br /> 1
<br /> � 2. Neither Norwest nor Creditor:(i)makes any representation or warranty concerning the
<br /> ; Property or any other property of the Borrower or the validity,perfection ur(except as to the
<br /> i subordination accomplished hereby)priority of any lien thereon or security interest therein, or
<br /> i::�_t_tt t__..... ..7..s..�..« «..�,...� ..C r..Lo.. ono�inn nf' rnllnrf �iennen
<br /> ; ... ...,....«.,. « ...... ,... :..�.�.o
<br /> � t���Jll(lll lI/1YV CUl�'llUlr lV�./tVJri ty�t./tVt�rN��VIYV �aatuu�v��ui�v rv��v�s��v��v�� vv��v�����.�rv.�v �-
<br /> � of or otherwise realize upon the Property or any other property of the Borrower.
<br /> I3. This Agreemcnt is made under the laws of the State of Nebraska. It cannot be waived
<br /> � or cha.nged,except by a writing signed by the parties to be bound thcrcby. "I'his A�rccmcnt is I
<br /> � made between Norwest and Cccditor. Neither the F3orrower nor any other person(except
<br /> i
<br /> Crcditor and Norwest, and their successors and assigns)shall bc entiticd to rcly on,havc thc I
<br /> bcncfit of,or cnforce this Agreement.
<br /> f
<br /> �
<br />
|