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<br /> WHEN RECORDED MAIL TO:
<br /> Equitable Bank
<br /> Diers Avenue Branch
<br /> �O Box 7&6
<br /> Grand Island, NE 68802-0960 FOR RECORDER'S USE ONLV
<br /> NOTICE_ THIS SUBORDINATION OF DEED OF TRUST RESULTS iN YOUii SECURITY iNTEREST
<br /> IN THE PROPERTY BECOMING SUBJECT TO AND OF LOWER PRIORITY THAN THE LIEN OF
<br /> SOME OTHEFi OR LATER SECURITY INSTRUMENT.
<br /> SUBORDINATION OF DEED OF TRUST
<br /> THIS SUBORDINATION OF DEED OF TRUST dated August 15, 2012, is made and executed
<br /> among Equitable Bank (Grand Island Regeon) ("Beneficiary"); Bank ofi Qoniphan ("Trustee");
<br /> MARSH PROPERTIES LLC ("Borrower"); and Equitable Bank ("Lender").
<br /> SUBORDINATED INDEBTEDNESS. Beneficiary has e�ctended the following described financial accommodations, secured
<br /> by the Re.al Property(the "Subordinated Indebtedness"):
<br /> The above mentioned trust deeds were given as security for Loans.described in trust deeds.. in the oroginal amaunt
<br /> of eighty thousand and NO/00(580,000)executed on June '12.2008 by trustor in favor of bene#iciary.
<br /> SUBORDINATED DEED OF TRUST_ The Subordinated Indebtedness is or will be secured by the Real Properiy and
<br /> evidenced by a deed of trust dated August 15, 2012 from MARSH PROPERTIES LLC ("Trustor^) to Bank of Doniphan
<br /> ("Trustee") in favor of Equitable Bank (Grand Island Region) ("Beneficiary") (the "Subordinated Deed of Trust") and
<br /> recorded in Hall County, State of Nebraska as follows:
<br /> Deed of Trust dated June 72, 2008. and recorded in HaII County Register of Deeds on June 30, 2008, as
<br /> Instrument#200805629.
<br /> REAL PROPERTY DESCRIPTION, The Subordinated Deed of Trust covers the following described real property (the
<br /> "Real Property") located in Hatl County, State ofi Nebraska: �
<br /> Parcel A_ Lot Two (2), in Block Thwenty-six (26), in Packer and Barr's Second Addition to the City of Grand
<br /> Island, Hall County, Nebraska.
<br /> The Real Property or its address is commonly known as 206-208 North Custer, Grand Island, N:E 68801.. The Real
<br /> Property tax identiification number is 400071002.
<br /> SUPERIOR INDEBTED�NESS. Lender has extended or has agteed to extend the following described financial
<br /> accammodations to Borrower,secured by the Real Property(the"Superior Indebtedness"):
<br /> Trustor desires to obtain a loan in the amount of Twenty Two Thousand, Two Hundred Sixty Five and No/00
<br /> (522,265_00) from EQUITABLE BANK, 993-115 N_ Locust St., City of Grand Island, CounTy of Hall, State of
<br /> Nebraska, herein referred to as lender, buY lender requires that such loan be secured by a frust deed that will be
<br /> prior to ihe trust deed in favor of beneficiary.
<br /> LENDER'S LIEN. The Superior I�ndebtedness is or will be secured by the Real Property and evidenced by a mortgage,
<br /> deed of trust, or other lien instrument, dated� August 15, 2012, firom Borrower to Lender (the "Lender's Lien") and
<br /> recorded in Hall County, State of Nebraska as follows:
<br /> Deed of Trust dated August 95, 2012 and recorded in Hall County Register of Deeds on
<br /> �Uqt3$'[' I�. Z��Z as Instrument No. ZQ[�Q(p��
<br /> As a condition to the granting of the requested financial accommodations, Lender has required that the Lender's Lien be
<br /> and remain superior to the Subordfnated Deed ofi Trust.
<br /> REQUESTED FINANCIAL ACCOMMODATIONS. Trustor, who may or may not be the same person or entity as
<br /> Borrower, and Beneficiary each want Lender to provide financial accommodations to Borrower in the form of the
<br /> Superior Indebtedness. Trustor and Benefici.ary each represent and acknowledge to Lender that Beneficiary will benefiit
<br /> as a tesult of these financial accommodations firom Lender to Borrower, and Beneficiary acknowledges receipt of
<br /> valuable consideration fior entering into tnis Subo�dination.
<br /> NOW THEREFORE THE PARTIES TO THIS SUBORDINATION HEREBY AGREE AS FOLLOWS:
<br /> SUBORDINATION. Tne Subordinated Deed of Trust and the Subordinated Indebtedness secured by the Subordinated
<br /> Deed ofi Trust is and shall be subordinated in a❑ respects to Lender's Li.en and the Superior Fndebtedness, and it is
<br /> agreed that Lender's Lien shafl be and remain, at all times, prior and superior to the lien ofi the Subordina'ted Deed of
<br /> Trust. Beneficiary also subotdinates to Lender`s Lien all other Security InteresYs in the Real Property held by
<br /> Beneficiary, whether now existing or hereafter acquired. The words "Security Interest" mean and include without
<br /> Iimitation any type of collateral security, whether in the form of a lEen, charge, mor#gage, deed ofi trust, assignment,
<br /> pledge, chattel mortgage, chattel Yrust, factor's Iien, equipment trust, conditional sale, trust recei�pt, lien or title
<br /> retention contract, lease or consignment intended as a security device,or any otF�er security or lien interest whatsoever,.
<br /> wheiher created by law, contraci, or otherwise.
<br /> BENEFICIARY'S REPRESENYATIONS AND WARRANTIES. Beneficiary represents and warrants to Lender that: (A) no
<br /> representations or agreements of any kind have been made to Benefiiciary which would limit or qualify in any way the
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