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<br /> � � � AGREEIVIENT SUSORDINATII�iG A MORTGAGE � "' -
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<br /> � da of March , 199�,by and between Five ° :��- -}
<br /> ` • " 'This Agreement is made this 4t�_ Y „ ' ,
<br /> � • �� Ne6ras herein referred � � • ' . :.��.':�`.--
<br /> , � < ::j points gank Grand Island,A Nebraska Corporation,of Grand Island, ka, , ,
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<br /> � � ' to as FIVE POIlVTS BANK,and The Equitabl�Building and Loan Association of Giand Island, 4�C ; .r.``�:r`:;w-
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<br /> � Nebraska, A Federal Savings Bank, which has a principal place of business in Hall County, : .. ��'�
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<br /> • Nebraska,herein referred W as Lender. . �`����
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<br /> . • . 'The parties recite and declaze t6a� _----- -
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<br /> � p. FIVE POINTS SANK is the owner and kolder of a certam Note and Mortgage ;�';'�°`.:��p-_-
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<br />.. . .. . dated Ocwber 22, 1997, which Mortgage is recorded in the Register of Deeds Office of HaU ••<,A-l.-`�1�
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<br /> ' County, Nebraska, on October 28, 1997, as Document Number 97-109014 of that County, � ,� �;,_.�'�'`
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<br /> � . - covering,in part,the following described properry: ;�;-
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<br />_� , Lot one (1), Block two (2), Fireside Estates Second Subdivision, HaU County, �. : � ���•'a`�=`
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<br /> . • �� Nebraska. �-.;.�..�;
<br /> .. � � =�° � - i. - -----
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<br /> ' , B. Lender is about to loan the sum of Sixty-Five Thousand Dollars and No Cents ; . ,�^`-
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<br /> � � '� ($65,000.00) on a Note and Deed of Trust securing such Note to provide for the paymeut of a � � . .-.�_
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<br /> : � Note to Lender secured by a Deed of Trust filed against the above described property. � ` T��''
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<br /> ' C. To induce Lender to make such loan, it is necessary that the Mortgage held by �. .'... �;:
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<br /> ` � FIVE PUINTS BANK,described in Section A above,be subardinated to the lien of the Deed of ; '�'. �
<br /> . , � � Trust about to be made in favor of the Lender as beneficiary as sei forth above as it applies w the •� � :�".�.- �
<br /> . ` above described property only. . : � '� .
<br /> For the reasons set forth above,and consideration of the mutual covenants and promises �� • .
<br /> � � of the parties hereto,FIVE POINTS BANK and Lender covenant and agree as follows: � ' � ' �
<br /> � 1. S�bord'nation. FIVE POINTS BANK hereby covenants,consents � � .
<br /> . and agrees with Lender that the above-mentioned Mortgage is and shall continue � . �
<br /> � � to be subject to and subordinate in lien to the lien of thc Deed of Trust about to be �
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<br /> � �1 made to Lender stated above. ' �
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<br /> I 2, Sonsideration. In consideration of F1VE POINTS BANK so ,
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<br /> ; subordinating the Mortgage held by it to the Deed of Trust made to Lender, . :
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<br /> . Lender shall make the above described loan to Daniel L. 9eim and Michelle C. . � ��
<br /> F s Seim. .
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