Laserfiche WebLink
m <br /> N 0-1 Z <br /> m"' ° GCD m <br /> nv 2 W m N) m 0 <br /> Gm) 0 <br /> O <br /> 00 0 D Om W CDi) <br /> co —rn o in" w Z <br /> m� m rn �Z7 (D <br /> rn o o ., <br /> 0 <br /> 0 m <br /> - <br /> w z <br /> 0 <br /> Return Address: <br /> Equitable Bank <br /> PO Box 160 <br /> Grand Island NE 68802-0160 <br /> AGREEMENT SUBORDINATING EXISTING <br /> TRUST DEED TO NEW TRUST DEED <br /> Agreement made the 16th day of MAY, 2013,between ERIC A SCHULTE AND ANGELA D <br /> SCHULTE, HUSBAND AND WIFE. of 415 BEACHWOOD DR, GRAND ISLAND, HALL <br /> COUNTY, State of Nebraska,herein referred to as trustor, Equitable Bank, of 113-115 N. Locust <br /> St., Grand Island, Hall County,Nebraska,herein referred to as beneficiary. <br /> The parties recite and declare that: <br /> a. Trustor executed a trust deed on June 27, 2012, in favor of beneficiary, which was <br /> recorded on July 2, 2012 in the office of the Register of Deeds, of Hall County, State of <br /> Nebraska, as Document No. 201205412 covering the following described property(as defined in <br /> Neb. Rev. State. 76-201) in Hall County,Nebraska. <br /> Lot Ten(10), in Westwood Park Eighth Subdivision, in the City of Grand Island, Hall County, <br /> Nebraska <br /> b. The above mentioned trust deed was given as security for Loan, described in such <br /> trust deed, in the original amount of Twenty Five Thousand and No/100---($25,000.00) Dollars, <br /> executed on June 27, 2012,by trustor in favor of beneficiary. <br /> c. Trustor obtained a loan in the amount of Two Hundred Seven Thousand and No/100--- <br /> ($207,000.00)Dollars, from EQUITABLE BANK, 113-115 N. Locust St., City of Grand Island, <br /> County of Hall, State of Nebraska,herein referred to as lender,but lender requires that such loan <br /> be secured by a trust deed that will be prior to the trust deed in favor of beneficiary. <br /> d. Beneficiary is willing to subordinate the lien of the trust deed in their favor insofar as <br /> it encumbers the above-described premises, to the trust deed made in favor of lender in order that <br /> trustor may obtain such loan from lender. For the reasons set forth above, and in consideration of <br /> the mutual covenants and promises of the parties hereto, trustor and beneficiary covenant and <br /> agree as follows: <br />