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ADAMSF OUDNTY, NE
INST. N0~~ `~ 7
Date ~ Time.,,,~;.Y,~~p~
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REGISTER OF DEEDS
6548125619-1998
SUBORDINATION AGREEMENT
NOTICE: This SUb01'C~illatlori agreement results in your security interest in the property becoming subject to and of lower priority
than the lien of some other or later security instrument
This Agreement is made this 24th Day of January, 2008 by and between Wells Fargo
Bank, N.A., and Wells Fargo Bank, N.A., (herein called the "Lender").
RECITALS
Lien Holder is the beneficiary/mortgagee under a deed of trust/mortgage, dated 5/30/2003
executed by Tuan N Nguyen and Dai N Ton, husband and wife, (the "Debtors'°) which was
recorded in the county of Adams, State of Nebraska, filed 6/6/2003 as Document No. 20033970
(the "Subordinated Instrument"), covering real property located at 202 East 6t" St, Hastings in the
above-named county of Adams, State of Nebraska as more particularly described in the
Subordinated Instrument (the "Property").
The North % of Lot 36, in Palmer's Addition to the City of Hastings, Adams County,
Nebraska, according to the recorded plat thereof.
Lender will make a loan to the Debtor secured by a deed of trust/mortgage on the Property
which will be recorded (the "Lender Instrument"). The Lender Instrument will secure a
promissory note/line of credit agreement in the amount of $60,000.00.
Lien Holder has agreed to execute and deliver this Subordination Agreement.
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ACCORDINGLY, in consideration of the property and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, Lien
Holder hereby agrees with Lender as follows:
Regardless of any priority otherwise available to Lien Holder, the lien of
the Subordinated Instrument is, shall be and shall remain fully subordinate for
all purposes to the lien of the Lender Instrument, to the full extent of the sum
secured by the Lender Instrument, including not only principal and interest on
the principal indebtedness secured thereby but all other sums secured by the
Lender Instrument, excluding non-obligatory future advances.
2. Lien Holder warrants to Lender that Lien Holder presently owns the
Subordinated Instrument and indebtedness secured thereby free and clear of
all liens, security interests and encumbrances.
This Agreement is made under the laws of the State of Nebraska. It cannot be
waived or changed, except by a writing signed by the parties to be bound
thereby. This Agreement is made between Lender and Lien Holder. It shall
be binding upon Lien Holder and the successors and assigns of Lien Holder,
and shall inure to the benefit of, and shall be enforceable by, Lender and its
successors and assigns. Neither the Debtor nor any other person (except
Lender, its successors and assigns), shall be entitled to rely on, have the
benefit of or enforce this Agreement.
IN WITNESS WHEREOF, this Subordination Agreement is executed on the day
and year first above stated.
WELLS FARGO BANK, N.A.
NOTICE: This
subordination agreement contains a provision which allows
the person obligated on your real property security to
obtain a loan a portion of which may be expended for other
purposes than improvement of the land
fr /
~~~ A`
y: Tamr~ orto
Title: Vick.- resident, Loan Documentation
a~3
2008U4`7'7
STATE OF NEBRASKA)
SS.
COUNTY OF DOUGLAS)
The foregoing instrument was acknowledged before me this .24th day of January, 2008,
by Tammy Norton Vice President, Loan Documentation of Wells Fargo Bank, N.A.
(Bank officer name)
WITNESS my hand and official seal
My commission expires:
..~_~c3..~c7iL~
~ GENERAL NOTARY -State of Nebraska
I JOLENE SWOPE
~~ ,_.: My Comm. Exp. March 15, 2010
1.,~ ~:
Notary Public
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