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� <br />� <br />N � <br />B � <br />� � <br />� � <br />0 <br />� - <br />� � <br />� � <br />Cn � <br />� <br />� <br />�� <br />� <br />. r � <br />=i.n <br />. <br />� <br />� <br />2011091 �.5 <br />c� cn <br />o --� <br />C m <br />z —+ <br />- --1 � <br />� O <br />O �'1 <br />� Z <br />= m <br />n m <br />r � <br />r �. <br />� <br />� <br />D <br />� <br />Ct� <br />� <br />� e <br />�� a <br />� � <br />���' .� <br />r r 0 <br />l, � <br />c-, . . <br />o t <br />� �'-- - � <br />� ���. <br />� <br />� -� <br />�+'� -, <br />m � <br />�� � <br />� r�' W <br />a ' <br />m � � <br />o �� � <br />co <br />UNILATERAL SUBORDINATION AGREEMENT <br />WHEREAS, the parties to this agreement are the old lender, namely Platte Valley <br />State Bank & Trust Co hereinafter called LENDER #1; and the new lender, namely <br />Platte Valley State Bank & Trust Co, Its Successors and/or Assigns, hereinafter called <br />LENDER #2 and Jeffrey L Mead and Sandra J Mead, Husband and Wife, hereinafter <br />called BORROWER, <br />WHEREAS, BORROWER is the owner of the real estate hereinafter called <br />PROPERTY which is described as: <br />LOT ELEVEN (11), IN WESTWOOD PARK TENTH SUBDIVISION, IN THE CIT'Y <br />OF GRAND ISLAND, HALL COUNTY, NEBRASKA <br />WHEREAS, BORROWER has executed a Note in a principal amount of $25,207.00 <br />secured by a Mortgage/Deed of Trust in favor of LENDER #1, covering the <br />PROPERTY, recorded on as Inst. No. 0201108188_ in the office of the Register of <br />Deeds of Hall County, Nebraska. <br />WHEREAS, BORROWER will be executing or has executed a Note in a <br />principal amount not to exceed $205,000.00 to be secured by a Mortgage/Deed of Trust in <br />favor of LENDER #2, covering the PROPERTY, recorded as Inst No. ,� in <br />the office of the Register of Deeds of Hall County, Nebraska <br />NOW THEREFORE, in consideration of $1.00 and other valuable <br />consideration, receipt whereof is hereby acknowledge, LENDER #1 agrees to <br />subordinate and does hereby subordinate its liens as shown and referred to above, to the <br />lien of LENDER #2 as shown and referred to above, but only to the extent of the <br />principal amount of the new lien as shown in the above paragraph, plus any accrued <br />interest, taaces, insurance or costs advanced to protect its security. <br />Dated this � day of �_, 2011 <br />Platte V�.Iley State <br />�an� � �rust Co <br />STATE OF NEBRASKA <br />COUNTY OF HALL <br />Platte Valle tate Bank & Trust Co. <br />(LENDER #1) <br />By: <br />Darla Burnham, Vice Presi en <br />) <br />)SS: <br />) <br />Acknowledged before me this ��day of � 2011 by Darla Burnham, Vice <br />President of Platte Valley State Bank & Trust Co.on behalf of said Corporation. <br />r� ^ <br />GBdERAI. N4TARY - Sffie of Nebraeke <br />I� YALERIE C�ALVAN <br />t�yy comm. Exn. t�m►. n; zot4 Notary Public <br />O <br />N <br />:� <br />N <br />F--� <br />O <br />CO <br />l--+ <br />F�-+ <br />C.7'1 <br />`� <br />� <br />.� <br />■ <br />�`. <br />� �� <br />�'�� <br />