|
<br /> ;10 S~r
<br /> m
<br /> "'" r11
<br /> c ~
<br /> ('\ Z r",
<br /> ..:::;,',::,> a (/)
<br /> :x: ~ 0 c:::, 0
<br /> QI? o -j ~
<br /> p ~ ~ "'1t CJ> N
<br />N en '" r" '.... --' :z -j
<br />G ~ % ',-. ;:'::l t' "- c:: -fm
<br />S :- fT1 ,-\.. C"J -<0 Cl G;-
<br />O) ~ <,") c :(-
<br />C$l c~- ~ Q""T1 c::> -
<br />-....J c;:::, ~ --.J ""T1 ::;.~ 0) ~
<br />W , c:J .t.~,: ::::: rtt
<br />-....J ~ rr1 r --U l> en 0
<br />S '''1 ::3 I :::0
<br /> Cl I 1"- --.J i
<br /> lfl (j)
<br /> W ;;:><; W
<br /> l> --.J
<br /> -l:: "-" "-" ~
<br /> CD (J'l 0
<br /> (I)
<br /> SUBORDINATION AGREEMENT
<br />
<br />NOTICE; THIS SUBORDINATION AGREEMENT RESULTS IN YOUR SECURITY
<br />INTEREST IN THE PROPERTY BECOMING SUBJECT TO AND OF LOWER
<br />PRIORITY THAN THE LIEN OF SOME OTHER OR LATER SECUIR TY
<br />INSTRUMENT.
<br />
<br />~-
<br />Co
<br />=
<br />
<br />THIS AGREEMENT, made this 8th day of August, 2006, by Ronald R. Aguilar, a
<br />single person, owners of the land hereinafter described and hereinafter referred to as
<br />"Owner", and Morequity, Inc., present owner and holder of the Deed of Trust and Note
<br />first and hereinafter described and hereinafter referred to as "Beneficiary".
<br />
<br />WITNESSETH:
<br />
<br />THAT, WHEREAS, Ronald R. Aguilar, a single person, DID EXECUTE a Deed
<br />of Trust dated July 1, 1994 to the City of Grand Island, covering:
<br />
<br />Lot Eleven (11) and the south five (5) feet of Lot Twelve (12), Block
<br />Three (3), Lambert's Second Addition to the City of Grand Island, Hall
<br />County, Nebraska.
<br />
<br />To secure a Note in the sum of $17,400.00 dated July 1, 1994 hI favor ofthe City of
<br />Grand Island, which Deed of Trust was recorded July 5, 1994 as Document No. 94-
<br />105774 in the Official Register of Deeds Office of Hall County (remaining amount owed
<br />as of August 8,2006 is $3,383.33); and
<br />
<br />WHEREAS, Owner has executed, or 3.f'i about to execute, a Deed of Trust and
<br />Note in the sum of$61,200.00 dated Augustjf,"2006 in favor of Popular Financial
<br />Service, LLC, hereinafter referred to as "Beneficiary" payable with interest and upon the
<br />terms and conditions described therein, which Deed of Trust is WJ~Krecorded as Document
<br />concurrently herewith; and #: ~ - 6 7~ 1 to 9
<br />
<br />IT IS RECOMMENDED THAT, PRIOR TO THE EXECUTION OF THIS
<br />SUBORDINATION AGREEMENT, THE PARTIES CONSULT WITH THEIR
<br />ATTORNEYS WITH RESPECT THERETO.
<br />
<br />WHEREAS, it is a condition precedent to obtaining said loan that said Deed of
<br />Trust last above mentioned shall unconditionally be and remain at all times a lien or
<br />charge upon the land hereinbefore described, prior and superior to the lien or charge of
<br />the Deed of Trust first above mentioned; and
<br />
<br />WHEREAS, Beneficiary is willing to make said loan, puvided the Deed of Trust
<br />securing the same is a lien or charge upon the above-described property prior and
<br />superior to the lien or charge ofthe Deed of Trust first above mentioned and provided
<br />that Beneficiary will specifically and unconditionally subordinate the lien or charge of the
<br />Deed of Trust first above mentioned to the lien or charge ofthe Deed of Trust in favor of
<br />Beneficiary; and
<br />
<br />WHEREAS, it is to the mutual benefit of the parties here-to that Beneficiary make
<br />such loan to Owners; and Beneficiary is willing that the Deed of Trust securing the same
<br />shall, when recorded constitute a lien or charge upon said lam; ",rhich is unconditionally
<br />prior and superior to the lien or charge of the Deed of Trust fit<;t above mentioned.
<br />
|