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m N pm -I _ mm ° cy m 1 n-;o w zm Iv m o Oom �O Oo -°O Z Omz W ai zDm a op 0 A D W O mA m �Z) 0) -1 mo m rCo woo., > m 0 m om° w w z 0 Return Address: Equitable Bank PO Box 160 Grand Island NE 68802-0160 AGREEMENT SUBORDINATING EXISTING TRUST DEED TO NEW TRUST DEED Agreement made the 18TH day of JANUARY.2013,between TOM L UMMEL SR..A SLNGLE INDIVIDUAL.of 515 S SHADY BEND RD,GRAND ISLAND,NEBRASKA,HALL COUNTY,State of Nebraska,herein referred to as trustor,Equitable Bank,of 113 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 December 5,2012,in favor of beneficiary,which was recorded on January 3,2013 in the office of the Register of Deeds,of Hall County,State of Nebraska,as Document No.201300070 covering the following described property(as defined in Neb.Rev. State.76-201)in Hall County,Nebraska. LOT ONE(1),UMMEL SUBDIVISION,HALL COUNTY,NEBRASKA. b. The above mentioned trust deed was given as security for Loan,described in such trust deed,in the original amount of Three Hundred Thirty Thousand and 00/100--- (S330,000.00)Dollars,executed on December 5,2012,by trustor in favor of beneficiary. c. Trustor desires to obtain a loan in the amount of Forty Two Thousand Five Hundred and No/100---($42,500.00)Dollars,from EQUITABLE BANK,113 N.Locust St.,City of Grand Island, County of Hall,State of Nebraska,herein referred to 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 in 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 and beneficiary covenant and agree as follows: