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<br />�eturn �o:
<br />Home Federal Savings & Loan
<br />P OBox 1009
<br />Gra�ad Island, NE 68802
<br />�UBORDINATION AGREEMENT
<br />THIS AGREEMENT made and ex�uted this _� day of October, 2011, by PLATTE VALL,EY
<br />STATE BANK & TRUST COMPANY, hereinafter refened to as "Subordinating Creditor" (whether one or more),
<br />for the benefit af HOME FEDERAL SAVTNGS AND LO.AN ASSOCIATION OF GRAND ISLAND, hereinafter
<br />referred to as "Secu�'ed Paxty".
<br />WITNESSETH:
<br />WHER.�AS, Jason_D Real and Staci J ReaI, (whether one or more}, hereinafter refemed to as "Debtor", has
<br />granted to the Subordinating Creditar a Mortgage or Deed of Trust dated Apri128, 2009, and filed in the office of
<br />the Hall Cannty Register of Deeds, on the 18tb day o�May, 2069, as Document No. 200903804 in respect to that
<br />real estate described as:
<br />A tract of tand located in the S�1/�4 NEi/4 of Section Eight (8), Townstup
<br />Ten (10) l�iorth, Range Twelve (12) West ofthe 6thP.M., Hall County,
<br />Nebraska and more particular]y described as follows: Connnnnencing at the
<br />East Quarter Comer of Section 8, also being the point of beginning, thence
<br />on an assumed bearing of N 89° 47' S?" W along the south 3sne of said NE1/4
<br />a distance oF33.d0 feet, thence cpntinuing N 89° 47' S7" W along the south
<br />line of said NEl/4 a distance of 527.00 feet, thence N 00° 3&' 23" W a dzstance
<br />of 819.Q4 feet, thence N 84° 19' 28" E a distance of 306.42 feet, thence N 46°
<br />31' 21" E a distance of 318.00 feet, thence S 90° 00'. 00' E a distance of 33.00
<br />feet, to the Bast line of Section 8, thence S 00° 00' OQ W along ttie Fast line of
<br />Section $, a distance of 1,670A0 feet ta the point of beginning.
<br />WEiEREAS, the Secured Party has agresd to enter into a loan transaction with the Debtor, whereby certain
<br />funds are to be advanced to tlie Debtor conditional upon the Debtor providing the Secured Party with a fixst lien in
<br />respect to the above described real estate, hereinafter referred to as the "Collateral"; and
<br />WHEREAS, the Subordinating Creditor is u�zlling to subordinate a�ay lien it may have in respect w the
<br />Collateral by reason af Subordinating Creditor's Mortgage ar Deed of Trust of recoxd to perfect security whenever
<br />and wherever fi.led in order to assure the Secured Party of a first lien position in and to the Collateral; '
<br />N�W, THBREFORE, it is agre.�d:
<br />1. The Subarclinating Creditor hsreby consents to a subordination of its priority position to the Secured
<br />Party and agrees that its lien in respect to the Mortgage or Deed of Trust hereinabove descri"bed, if any, shall at all
<br />times be secondary to the extent herein provided and subject to tS�e lien of the Secured 1'arty in respect to the
<br />Collaterat.
<br />2. The Subordinating Creditor hereby consents to the Debtor granting Seaured Pariy a£rst lien in all the
<br />Collaterai as described above to secure indebtedness to be advanced to Debtar by Secured Party, in the original
<br />principal amount of Seventy Seven Thousand and 00/100tb.s Doltars ($77,000.00}, recorded in e offi o�f �th�e
<br />Hall County Register of Deeds ou the l,� �w day af October, 2011, as Document No. �a'_�� �
<br />3. So long as an obligation is outstanding fram the Debtor to the Secuxed Party for indebtedness evidenced
<br />by Promissory Notes or other insU�uments o£ indebtedness to the extent herein provided in kaxagraph 2, the Secured
<br />Party's ix�texest in the Collateral shall have priority to over the lien of the Subordinating Creditor izt that Collateral,
<br />and the Subozdinating Creditor's interest in that Collateral is, in all respects, subject and subordinate to the security
<br />interest of the Secured Party to the extent of the principal sum yet owing to Secured party in respect to the
<br />indebtedness described in Paragraph 2 along with intexest and eosts allocable thereto, however evidenced.
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<br />4. So long as any partion of the described obiigation to the Secured Farty is outstanding and unpaid, the
<br />provisions of the Deed of Trust or other itxstrument of security between the Debtor and the Secured Party are
<br />controlling as to the Collaterai in which Secured Party is to have a first security interast, including any tizue there is
<br />a confliat between it and the pravisxans of any lien instcvment granted to the Subordinatuig Creditor by the Debtor.
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