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, � 201108379 THIS AGREEMENT(the"Agreement"),effective as of the Effective Date above,is made by and among the Subordinaring Lender,Owners and the Senior Lender named above. DEI�TNIS E.BAUER AND CHRISTINE L.BAUER,HLTSBAND AND WIFE,AS JOINT TENANTS WITH RIGHTS OF SURVIVORSHIP,AND NOT AS TENANTS IN COMMON(individually and collectively the "Owner")own the real property located at the above Property Address(the"Property"). The Subordinaring Lender has an interest in the Properiy by virtue of a Deed of Trust given by the Owner,covering that real property,more particularly described as follows: See E�chibit A which document is dated the 31 st day of Mazch, 2007,which was filed in Instrument#0200703417 at page N/A(or as No.N/A)of the Records of the Office of the Register of Deeds of the County of HALL,State of Nebraska(the "Exisring Security Instrument").The Existing Security Instrutnent secures repayment of a debt evidenced by a note or a line of credit agreement extended to DEI�iNIS E BALJER and CHRISTINE L BAUER(individualiy and collectively"Borrower")by the Subordinating Lender. The Senior Lender has agreed to make a new loan or amend an existing loan in the original principal amount NOT to exceed$187,245.00(the"New Loan or Amended Loan"),provided that the New Loan or Amended Loan is secured by a first lien mortgage on the Property(the"New Security Instrument")in favor of the Senior Lender. If the New Loan or Amended Loan exceeds this amount,the Subordinarion Agreement is VOID. The Subordinating Lender is willing to subordinate the lien of the Existing Security Instrument to the lien of the New 5ecurity Instrument under the terms set forth in this Agreement. NOW,THEREFORE,for and in considerarion of the above recitals,the covenants herein contained,and for good and valuable consideration,the receipt of which is hereby acknowledged,the parties agree as follows: A.Agreement to Subordinate Subordinating Lender and Trustee,if applicable,hereby subordinates the lien of the Exisring Security Instrurnent,and all of its modifications,extensions and renewals,to the lien of the New Security Instrument. This Agreement is effective as to any sum whose repayment is presently secuted or which may in the future be secuted by the Existing Security Instrument. B. Appointment of Substitute Trustee IfApplicable The Exisring Security Instrument names N/A,as Trustee and the Subordinating Lender as Beneficiary.The Exisring Security Instrument provides that the Subordinaring Lender may designate and appoint a substitute Trustee in place of any other trustee by an instrument recorded among the appropriate land records. . The Subordinating Lender hereby removes N/A as Trustee and designates and appoints N/A as substitute Trustee with the same powers and duties as were originally vested in the Original Trustee under the Exisring Security Instrument. C. General Terms and Conditions Binding Effect—This Agreement shall be binding upon and inure to the benefit of the respective heirs,legal representatives,successors and assigns of the parties hereto and all of those holding ritle under any of them. Nonwaiver—This Agreement may not be changed or terminated orally.No indulgence,waiver,election or non-election by New Lender or the trustee(s)under the New Security Instrument or related documents shall affect this Agreement. SUBORDINATION ONLY NE 10-25-10 Page 2 of 3 0000000000296441