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m � � N p� � � mm o �y m 1 � n�� Zm N m o �o� , 0 �O 0 0 �o o�o m o�' � � C� „z °w � ��o iv =W � czi� � N D � �A m �Z) � m�mp � D rai W A cn o m � � C � � �m � ._.._. z �� W � � pp Z O Retum Address: Equitable Bank PO Bog 160 Grand Island NE 68802-0160 AG3t�EMENT SUSORDINATING EXISTING TRIIS'�'DEED TO NEW TItUST DEED Agreement made the 15�'day of December,2011,between Grand Island Area Economic Development Corporation.A Nebraska Cornoration,of 308 N Locust St,Ste 400,Grand Island, Hall County,State ofNebraska,herein referred to as trustor,Equitable Bank,of 113-115 N. . Locust St.,Grand Island,Hall County,Nebraska,herein referred to as beneficiary. The parties recite and declare that: a. Trustor executed a trust deed on November 22,2011,in favor of beneficiary,which was recorded on November 28,2011 in the office of the Register of Deeds,of Hall County,State of Nebraska,as Document No.201108848 covering the following descn-bed property(as defined in Neb.Rev.State.76-201)in Hall County,Nebraska. SEE ATTACHED EXIIIBTT"A" b. The above trnentioned trust deed was given as sectuity for Loaii,described in such trust deed,in the original amount of Three Hundred Fifty Thousand and 00/100---(5350,OQ0.00) Dollars,executed on November 22,20ll,by trustor in favor of beneficiary. c. Trustor desires fo obtain a loan in the amount of One Million Eight Hundred Sixty Thousand and No/100---($1,860,000.00)Dollars,from EQUITABLE BANK, 113-115 N. Locust St.,City of Grand Island,County of Ha11, State of Nebraska,hexein referred to as lender, but lender requires that such loan be secured by a trust deed that will be priar to the trust deed in favor of benefseiary. d. Beneficiary is willing to subordinate the lien of the trust deed in their favor insofar as it encumbers t7ie above-described premises,to the trust deed made in favor of lender in order that trustor may obtain such loan from lender. For the reasons set forth above,and in consideration of the mutual covenants axbd pramises of the parties hereto,trustor and beneficiary covenant and agree as follows: