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Prepared by and return to:
Wells Fargo Financial Bank, PO Box 5943, Sioux Falls, SD 57117-5943 for
Wells Fargo Financial Bank
SUBORDINATION AGREEMENT
ADAPJIS COUNTY, iVE
FILED
INST. N0. 6 4 ~.
Date ~ ~-oBTimey=~QAM
~~>~'
REGISTER OF DEEDS
This agreement made this 2nd day of April, 2008, between Wells Fargo Financial Nebraska, Inc., (hereinafter referred to as
favored creditor), and Wells Fargo Financial Bank (hereinafter referred to as subordinating creditor), witnesseth:
That in consideration of subordinating creditor entering into this subordination agreement, favored creditor agrees to lend not to
exceed $199,577.30 in accordance with that certain agreement between favored creditor and Ginger S. Berck N/WA Ginger S.
Asmus (debtor).
In consideration of favored creditor making aforesaid loan to debtor, subordinating creditor agrees that the mortgage/deed of trust
(hereafter "mortgage") executed in its favor by debtor on May 28, 2004 and recorded in the mortgage records, of Adams County,
State of Nebraska as Book ,Page ,Docket # 20044009, be subject, inferior, junior, secondary and subordinate to a
mortgage which is executed by debtor in favor of favored creditor as security for the! aforesaid loan, and that said mortgage and debt
in favor of favored creditor shall have priority over said mortgage and debt in favor of subordinating creditor, with respect to the
property legally to wit:
WILLIAM E. BERCK SUBDIVISION, ADAMS COUNTY, NEBRASKA.
Provided, however, that this agreement to subordinate shall not extend to any advances made by favored creditor after the date of
the loan described above (except that this subordination agreement shall extend to any future advances made for taxes and
insurance to protect favored creditor's interest), and provided, however, that this Agreement is based upon favored creditor's
representation that subordinating creditor will not be reduced to less than a second mortgage position by virtue of executing this
Agreement.
Wells Fargo Fin cial Bank ,
Subordinating C, editor ..--~""
By <~.~~
Lisa Scli ~ _ ...__
,Title Officer
State of South Dakota
County of Minnehaha
The foregoing instrument was acknowledged before me this April 2, 2008, by Lisa Schultz, Title Officer of Wells Fargo Financial
Bank, a South Dakota corporation, on behalf of the corpo ation. ~
N ry Public
My Commission Expires
ANGELA PE'i',ERSON
April 27, 2012 j fit. SOUTH AKOTA
NE-0936NOWLINE-1205 (BNK) (ROC)