05/08/2007 Resolutions 2007-107RESOLUTION 2007-107
WHEREAS, the City of Grand Island, is the lender and secured party of a Deed of
Trust in the amount of $15,000.00, secured by property located at 1009 North Cherry Street and
owned by Brent Lloyd, a single person, and Vicki Guadalupe Lloyd, a single person, said property
being described as follows:
Lot Twelve (12) and the Southerly One Half (1/2) of Lot Thirteen (13), Block Three
(3), Pleasant Hill Addition to the City of Grand island, Hall County, Nebraska.
WHEREAS, on Apri123, 1997, the City of Grand Island signed a subordination of its
lien, however, the original document was not filed by the title agency; and
WHEREAS, Law Offices, an Association of Separated Law Firms, is foreclosing on
the property at 1009 North Cherry Street and is requesting that the City Council approve the
Subordination Agreement of April 23, 1997; and
WHEREAS, the requested subordination of the City's lien priority is in the best
interests of all parties.
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COUNCIL OF
THE CITY OF GRAND ISLAND, NEBRASKA, that the Mayor is hereby authorized and directed
to execute an agreement subordinating the lien priority of the above described real estate as set out
in the original Subordination Agreement of April 23, 1997.
Adopted by the City Council of the City of Grand Island, Nebraska, May 8, 2007.
Margare ornady, ayor
Attest:
RaNae Edwards, City Clerk
Approved as to Form ~
July 25, 2006 ~ City Attorney
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