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• . .--. � <br /> 200a0066q <br /> SECTION ONE <br /> SUBORDINATION <br /> As an inducement to lender to grant such loan to trustor, beneficiary and trustor hereby <br /> subordinate the above-described trust deed of May 12, 1994, in favor of beneficiary, to the trust <br /> deed in favor of lender that is being recorded with this agreement. Beneficiary and trustor further <br /> agree that the lien of the trust deed in favor of lender shall be and is in all respects a lien prior and <br /> superior to the lien of the trust deed in favor of beneficiary. <br /> SECTION TWO <br /> APPROVAL OF LOAN TERMS <br /> The terms of the loan from lender to trustor are as follows: <br /> Loan Amount: $36,000.00 <br /> Term: 15 year <br /> Rate: 7.5% <br /> Beneficiary hereby approves all the terms of such loan. <br /> SECTION THREE <br /> INUREMENT; BINDING EFFECT <br /> This agreement sha11 inure to the benefit of lender, its successors and assigns, and sha11 be <br /> binding on beneficiary and trustor and their respective successors and assigns. <br /> In witness whereof, the parties have executed this agreement at Grand Island, Nebraska on <br /> �.n u a_.r U I Bta D0� <br /> CITY OF GRAND ISLAND, A MUNICIPAL <br /> CORPORATION, BENEFICIARY. <br /> By <br /> STATE OF NEBRASKA) <br /> ) SS. <br /> COUNTY OF HALL ) <br /> , �BOt� <br /> The foregoin instrument was acknowledged this /�day of uu�,�399 by <br /> C�un�hi a • �f o��IC on behalf of the City of Grand Island. <br /> II GENERAL PJGTAR'�-Slate of Nebraska <br /> CYNTI-ilA A. BROZEK <br /> •• My Comm. Exp.July 31,2002 <br /> --- Notary Public <br />