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m � � N p� � m"' ° cD m 1 � n�� N Zm N m 1 �o� , � �O 0 0 o, � °_�p D OZ rv u�i m � Z�77 rZ7 m O (n G7 r p 2 � Z � TA� � r� � � � mr„m � rD � A � m�o D cn cn � � �� 0 0 0 ._.._. z 00 � � � � � Z O O Return Address: F.quitable Bank PO Box 160 Grand Ysland N�68802-016� AGREEMENT SUBORDINATING EXISTING TRIIST DEED TO NEW TRUST DEED Agreement ma�le the 27th day of Februarv,2012,between DAVID L CHRISTEI�TSEN AND JEAl\'NE A CHRISTENSEN, FIUSBAIVD AND WIF'�,of 1820 STAGECOACH RD,GRf1ND ISLAND,FI�1L,L COlJNTY,State of Nebraska,herein referred to as trustor,Equitable Bank,of 113-115 N.Lo�ust St.,Grand Island,Hall County,Nebraska,hereiil referred to as beneficiary. The parties recite and declare that: a. Trustor executed a trust deed on August 27,201 o,in favar of beneficiary,which was recorded on September I5,2010 in the office of the Register of Deeds,of Hall County, State of Nebraska,as IJacuinent No_201�06637 covering the followiiig described property(as ciefined in Neb.Rev.State.76-201)in Hall County,Nebraska. LOT THIRTY EIGHT(38),REGENCY BY THE GREEN SUBDNISION;TO THE CITY OF GRAI�TD ISLAND,HALL COUNTY,NEBRASI�A. b. The above irn�entioned trust deed was given as security for Loan,described in such trust deed,in the ori�ival ainount of Twenty Five Thousand and QO/100---($25,000.00)Dollars, executed on August 27,2010,by trustar in favor of beneficiaiy_ c. Trustor c3esires to obtain a loan in the amount of One Hundred Thirteen Thousand Five Hundred and No/100---($113,500.00)Dollars,from EQUTTABLE BANK, 113-115 N.Locust St.,City of Gr�nd Island,County of Hall,State of Nebraska,herein referred to as lender,'�ut lender reqtures that such loan be secured by a trust deed that will be prior to the trust deed in favor of benefi�iary. d. Beneficiary is willing to subardinate the lien of the trust deed in their favor insofar as it encumbers the above-described premises,to the tnist deed made in favor of lencier in order that trustor may obtain such loan from lender. For the reasons set forth above,and iil consideration of the mutual covenants and promises of the parties hereto,trustor and beneficiary eovenant and agree as follows: