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<br />��4� ' � : � Subordination Agreement v �. ��`��'�
<br /> -�t
<br />_ ` - . (Dead of Trust/Norwest Subordination ta Creditorl �; • ;, �:'`'�:
<br /> ,>- --
<br /> .y: . < � This Subordmaation Agreement(°AgreemenY�is made tbis 18m day of Febsuary.1998,by and betweea I3o:west . .'�., :� '."'z��_
<br /> " ' r
<br />-- � � '. Bank Nebraska,Naiional Association,a national banking associatioa('TIo:arest")and Norne.st Mortgage,Inc.(the .� - --
<br /> . , . . .°, _� _ -
<br /> _ : ���tai'"j. _ -_
<br /> , ` �r; -_-
<br /> ' " Recitals ��'�`:_._a
<br /> •� Vic1d S.Goera,a Stngle Person (whether one or more,the"Boauwer"),gave a deed of tmst to Noiwest dated _-__
<br /> c d a,
<br /> .' , - • June 3,194b(the"Noiwest Deed of Trast"),and recoided in d�e(}6ce of the Register of Deeds for Hall County,Nebraska .: ��
<br /> � �.� _ �
<br /> � ' � on June 17,1996 as In.�mument Namber 96-104666,which coastitates a fien on real properiy tocated in HaU Counry, � ��,,,z
<br /> `J.. , . , , � Nebmska more particutarly descnbed as follows(the"Propecty"): ���"'°'"�°'
<br /> � � � ��
<br /> �.7 .. . �-' Lot 13,B2ock 3.M es First Addition,City of Cuaad Island,Hall Couaty,Neb:aska ��-` -
<br /> , • . :� �. �_��°,�.
<br /> . � . �' Creditor Las made ot is making a toan to the Borrowtr,se�ued by a deed of tcnst on 4ke Property dated � •- =•-
<br /> . � �' �4he"Creditor Decd of Tn�st'�,in9ie � ciPal amount of$53,084.00 and recorded'm the • ',"'.: --
<br /> . , � Office of the o Deeds for HaU Co�mty,Nebsasko un as In.guument N n m ber . . �.
<br /> ' � � , 9k-/�//o,al ' .� : _-
<br /> ���. ..
<br /> ;. ' . -. No:west has agreed to execute and deliver tbiv Agicement for the putpose of subordinating its interest in the .. . _
<br /> " • �. '� ' Property puisuant to the No:west Deed of Trust w the interest of the Creditar ia the Property pursuant to the Creditor Deed _-. _--
<br /> • of Tsust. ', .
<br /> • • • . �=�r°�
<br />°::`'. . ' Agreement '�,` �-
<br /> ' NOW THEREFORE,in consideiation af the premises and as an inducemcnt w the Crediwr to atcept the Creditor .� ;-
<br /> ;. _ , Deed of T:ust,Norwest aad Creditor agree as follows: ?�,
<br /> ,,
<br />_,� � :::
<br /> `�r� 1. Norwest agrees to subordinate,an�hereby does subordinatc,the liea of the No7west Aed of Trust in and •�:. _._. ;
<br /> � � � ; against the Property to the lien of the Creditor Deed of Tmst m aad against the Praperty. Norwest agrees that the
<br /> r�'` � Creditor Deed of Tnrst sLall have the same validity,forcc and e�ect as if executed,delivered,and recorded prios
<br /> ' • w the datc of execation of the No:west Deed of Ta�i. � .
<br /> �;
<br /> ' � :i 2. Neither Non�rest nor Creditor.(i)makes any representation or wananty coaceming L'::Property or any � . .
<br /> ' � • � osher property of the Ho�rower or the validity,per:ectian or(except as to the subordination accomplished hereby) _ ;�-
<br /> priority of any llen thereon or secu:ity interest thereia,or(u7 ahall have aay duty to preserve,protect,care for,
<br /> _. ! insure,take possession of,collec�dispose of or othcrwise realize upon the Property or any other properry of the
<br /> ., , � Boaower. ';
<br /> � �� 3. 'll�is Agreement is made under the laws of the State of Nebraska. It cannot be waived or changcd,except -:--•- .-.
<br /> . � by a writing signed by the parties to be bound thereby. 7bis Agreement is made between Norwest and Creditor.
<br /> -• Neither the Borrower nor any other person(except Creditos and Norwest,aad their successors and assi�ns)shall ,
<br /> ' ' be entitled to rely on,have the benefit of,or enfo:ce this Ageement.
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