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<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 25TH day of JUNE, 2013,between RICHARD H BAASCH AND
<br /> ARLENE M BAASCH, HUSBAND AND WIFE, of 127 E AIRPORT RD, GRAND ISLAND,
<br /> NE 68803, HALL COUNTY. State of Nebraska,herein referred to as trustor, Equitable Bank, of
<br /> 113-115 N. Locust 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 October 25,2011,in favor of beneficiary,which was
<br /> recorded on October 31,2011 in the office of the Register of Deeds,of Hall County, State of
<br /> Nebraska,as Document No.201108154 covering the following described property(as
<br /> defined in Neb.Rev. State. 76-201) in Hall County,Nebraska.
<br /> PART OF NW1/4NW1/4 OF SECTION 4, TOWNSHIP 11 NORTH, RANGE 9 WEST OF THE
<br /> 6TH P.M., HALL COUNTY, NEBRASKA, MORE PARTICULARLY DESCRIBED AS FOLLOWS:
<br /> BEGINNING AT A POINT ON THE NORTH LINE OF SAID SECTION 4, SAID POINT BEING
<br /> 392.55 FEET EAST OF THE NORTHWEST CORNER OF SAID SECTION 4, THENCE
<br /> EASTERLY ALONG THE NORTH LINE OF SAID SECTION 4, A DISTANCE OF 308.0 FEET,
<br /> THENCE SOUTHERLY PARALLEL TO THE WEST LINE OF SAID SECTION 4, A DISTANCE
<br /> OF 298.5 FEET, THENCE DEFLECTING RIGHT 90° DEGREES, 48 MINUTES AND 4
<br /> SECONDS, RUNNING WESTERLY 308.03 FEET,THENCE NORTH PARALLEL TO THE WEST
<br /> LINE OF SAID SECTION 4, A DISTANCE OF 300.85 TO THE POINT OF BEGINNING;
<br /> EXCEPT TRACT OF LAND MORE PARTICULARLY DESCRIBED IN RETURN OF APPRAISERS
<br /> REPORT DATED JULY 7, 1992 AND RECORDED JULY 10, 1992 AS DOCUMENT NO.
<br /> 92-106105 OF THE RECORDS OF HALL COUNTY, 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 Thirty Thousand and 00/100---($30,000.00)Dollars,executed on October 25,
<br /> 2011,by trustor in favor of beneficiary
<br /> c. Trustor desires to obtain a loan in the amount of One Hundred Fifty Thousand and No/100---
<br /> ($150,000.00)Dollars, from EQUITABLE BANK, 113-115 N. Locust St., City of Grand Island,County
<br /> of Hall, State of Nebraska,herein referred to as lender,but lender requires that such loan be secured by a
<br /> 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 it
<br /> encumbers the above-described premises,to the trust deed made in favor of lender in order that trustor
<br /> may obtain such loan from lender. For the reasons set forth above, and in consideration of the mutual
<br /> covenants and promises of the parties hereto,trustor and beneficiary covenant and agree as follows:
<br />
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