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m � � N p� � m"' � cD m 1 � n�� N Zm N m o �o� , Cn �O 0 0 � � �c�p � �Z N uDi � Z D�7 � Z � � �r � fll �� 2D.ZW) � � m�o � � rcn � � � �� o � m 00 � � z � cn �' z 0 Rehiru Address: Equitable Bank PO Bog 16Q Grand Ysland\�68802-0160 AGi2EEMENT SUBORDINATLVG EXISTING TRUST DEED TO NEW TRUST DEED Agreemeilt made the l Oth day of September,2012,between Denny Joe Watkins and Boneita P Watkins.Husband and Wife,of 320 Ponderosa Drive,Grand Island,Hall County;State of Nebraska,herein referrcd to as trustor,Equitable Bank,of 113-115 N.Locust St.,Grand Island, Hall County,Nebraska,hercin refened to as beneficiary. The parties recite and declare that: a. Trustor executed a trust deed on Aub st 26,2009,in favor of Ueiieficiary,which was rccorded on September 3,2009 in the office of the Register of Deeds,of Hall County,State of Nebraska,as Document Na 200907251 covering the following described property(as defined in Neb.Rev. State.76-201)in IIall County,Nebraska. LOT SEVEN(7),1N BLOCK ONE(1),PONDEROSA LAI�E ESTATES FOURTH SUBDNISION AN ADDITION TO THE CITY OF GRAND ISLAND,HALL COUNTY, NEBRASKA b. The above mentioned trust deed was��iven as security for Loan,described in such trust deed,in the original amount of Eighry Thousand and 00/100---($80,000.00)Dollars, executed on Augusi 26,2009,by trustor in favor of beneficiary. c. Tnxstor desires to obtain a loan in the amount of Two Hundred Ten Thousand and No/100---($210,000.00)Dollars,from EQUTTAB�E BANK,l 1a-1151��.Locust 5�.,City of Grand Island,County of Ha11, State of Nebraska,herein referred ta as lender,but lender requires that such loan be secured by a trust deed that will be prior to the trust deed in favor of beneficiary. d: Beneficiary is willing to subordinate the lien of the trust deed in their favor insofar as it encumbers the above-described premises,to the trust deed made in favor of lender ui order that trustor may obtain such loan from lender. For the reasons set forth above,and in consideration of the mutual covenants and promises of the parties hereto,trustor ancl beneficiary covenant and agree as follows: