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<br /> AGRECMENT SUBORDINATING EJtISTING
<br /> TRUST DEED TO NEW TRUST DE�D
<br /> Agreement made Se tember 22 , 19 97 ,between �\�
<br /> STEPHANIE A. MUEII�HA�f3 ,of 1617 N �LM ST , �
<br /> City of GI2AND ISLAND ,County of HALL ,
<br /> State af Nebraska,herein referred to as txe��Y�or,and CITY OF GRAND ISI�AND, A MpNTCIPAt, CQRPORATION
<br /> of 100 E isT sr ,City of GRAND i� � ,
<br />; County of � ,State o�'Nebraska,herein referred to as
<br /> beneficiary.
<br /> The parties recite and�leclaze that:
<br /> a. Trustor executed a trust deed on t�Y 25 , 19 94,in favor of benofieiary,
<br /> which was recorded on MAY 25 , 19 94 ,as Document No.94-104423 in the
<br /> officc of the RDGiSTER OF DEED6 , af
<br /> x1w�. County,Statc of Nebraska,covering the following described
<br /> propccry:
<br /> CFNTIIt 44 FEET OF IA�S 4 AND 5, BLOCK 19. SCHINII�R'S ADDITYON,
<br /> GRJI1Vn ISLi�iIJD. HALL COUDTPY, NEBRASKA
<br /> b. The above mentioned trust deed was given as securiry for a LOAN ,
<br /> described in such trust deed,in the amount of TWp�Y THQtTSAND AND NO/100 DOiLi.�1RS
<br /> (;20,000.00) executed on I�►Y 25 , 1994 ,by
<br /> trustor in favor of beneficiary.
<br /> c. Trustor desires to obtain a loan in the amount of �nKrsr—srx �wn t�o/1oo noL�.�tts
<br />_ (;36.000.00) from T� FXX7ITABLE BIIILDING AND LOAN
<br /> AS.SOCIATION, FSB of 113-115 N i.00UST ST ,City uf
<br /> GRAND ISI,AND ,County of HAT�L ,State of Nebraska,hecein
<br /> refened to as lender,but lender requires that such loan bc secured Uy a hvst decd that will be
<br /> prior to the trust deed in favor of beneficiary.
<br /> d. Beneficiary is wiping to subordinste the lien of the wst deed in THEIR favor
<br /> insofar as it encumbers the above-described premises,to the trust deed made in favor of lender in
<br /> order that trustnr may obtain such loan from lender.
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