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". �, • � ' - - ..�.�.�o _:::��.._"_--- � -_ -Y - - SU[3Ul�[)IN�I'IUN OF 11�CU IlF TftUST h�_ '�� a t��nras, Arend R. Hnecf< --� whc�se 9ddreas ier� p. 0. Box 790 Grend Islanrl NeUreske 6Eln0l her�li►ePter called �7rusf:ee'� has an interest in UiF Fu11nwl��g deacriUad pcaperty locatod in the itate uf Nc�t�rasl<a , Caunty oF Hall �,_. State of Nebraska � _� described �is �'ollowsr tm witi A tract of land cnmprisinq a ��art of the Nnrtliwgst Quarter aF the Sauthwest puarter (M11W}SW�) af Sectian Ta�enty qne (21)� in l�ownship eleven (11) North, Henge Nine 49) West of the Gth P.rl., more peri:icularly described as Fo1loWSt Beginning et a f►nint on the East line oF seid NW�SW,�. said point being aeuen hundred fil'ty seven and fc�ur ter�Llis ('75"7.4) teeL suut.lt of tha t�orLlieask Carner of said MU�SW� as naw lnceted: tlior�r_e deflecti.ng rigl�t 90°pD� and running Weat a dist�nce oF Two Iluncfred Tl�irty (23(l) feeti �hence running �outh and �rellel tu tlie EASt llne of said Milµ�ld�� a �Jistarice of Tuin Hundrad fiFty ntne and Fifty- fiue liundreciths (259.55) fest; Ll�ance cieflectinc� left 90°00' and xunning east Twa I lundred Ttiirty (230•0) feet tn a {wir�t oi� tl�e East line oF said NW}SW#� Lhence running North elong sa;d EasL linP� a distance of Twn Hundred Flfty- Nine end Fifty-Fiue 1-lundredths {259.55� Faet t.o i.ttie puint af baginning, �ub�ect ta Hoad riyht nf-way alung an upnn tfi� �ast Edge of seid Trect� Hall Cax�ty. Nebraska. exce�t therefrom a tract of 9rQ452, 'e o ded in1they0fFiceiof Lhe Warranty Deed recarded in Book 15'7, Page Register of deeds of Flall County, Nebraska� {aursuant to l.he terms oF e certain need af Trust (hereinafter "SubordinatQ �eed uf Trusi") dated January 22, 19 87, and r�carded on „_?an�� ;, �, '{g�'� os ;)ccument l�SQ: 97-10[1538. Hall County Ne�ords, and IfMEREAS� Jerrv P. Jensen and Marv I�. 3ensen � Whase acJdress is 1424 South tlarrison Btreet Grand Isla�d. Nebraska 68801 (hergi�aFter called "Trustor f3arrower" has applied ta Hane Fecferel Savin s and Loan AssociaCion of Grand Island �her�inafler called "Len�er'� for N�te secured hy h.h� ahuve desc€ihFd pro�ex�l:y. WIEREAS, thia Oeed of 1'rust has he�en assignod to Richard L. T�nimqen end Doris �. Thimaan _�Agsignoes) pursuant to an Assicarment dated April 10, 1989 and recorded F'Fbrua� 3 _ 1992 es [�ocument t�b. 92-100074 liall County Records. !J�IrI, THEREFflRE, in cansideratiion of One Doller ($1,00) and other good end valueble consideretinn, receipt [��suburdinaL•ertc�y Le deri lledtli ir righets si.gned Trustee and Assignees hetetry . in the above d�scribed pmperty tu said Oeed af Trust nf Lender. IT IS FURTHER AGREE� that l.�rxler is relying upan this subordinatian in the ebove descri6ed Dead nf Trust transaction and that �.ei�der�s Qeed of 7rust oihen exe�uted shall be n sncured 1.1en on 1.hE abn�e de9Gribod property priur and superior ta the in:.erest nf Trustee ancl Assignees notWitl�standing the da�.e of execution, the date oF recording, or daLe oF disbursemc3nt of fw�ds by tFid Lender. RNp IT I.S I"UFtTHER AG(2EED LIieL Trusi.c�a ur Nssiytti�e� he�eby aystrues no ' personal liability to Lorider and l:l�at Lencier shall givQ written notice to Trustee and n:.�signees et least 15 days prior to the exercise aP its right to , foreclose by �ertified U.S. mail to the �ddress hereinebo�e designated ar ta such other aclJress as may I�ereaf ter be desiynated in writing. �Trustee and Assignees shall have tf�e right, but nnt the ablig�tian� to cure eny default ...t a1.� 7�,�aFnr/Rnrrni�iwr. � ��------- _ ` 7 .'� ' ,.� �� 1 /� 3 - - -- .__._.___----_.. �---- �--- -- ' ---- - ------