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Nebraska, herein referred to as beneficiary.
<br />The parties recite and declare that:
<br />a. Trustor executed a trust deed on November 10, 1999, in favor of beneficiary, which
<br />was recorded on November 19, 1999, in the office of the Register of Deeds , of Hall County,
<br />State of Nebraska, as Document No. 99-111163, covering the following described property:
<br />LOT ONE (1), WESTGATE 5T" SUBDIVISION TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA
<br />b. The above mentioned trust deed was given as security for a Loan, described in such
<br />trust deed, in the amount of Thirty Thousand Ninety Three and 50/100 - -- ($30,093.50) Dollars,
<br />executed on November 10, 1999, by trustor in favor of beneficiary.
<br />c. Trustor desires to obtain a loan in the amount of One Hundred Forty One Thousand
<br />Four Hundred Eighty Seven and 24/100 - - -- ($141,487.24)-- - - - - -- from The Equitable Building
<br />and Loan Association, FSB, of P.O. Box 160, City of Grand Island, County of Hall, State of
<br />Nebraska, herein referred to as lender, but lender requires that such loan be secured by a trust
<br />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
<br />in order that trustor may obtain such loan from lender. Said Deed of Trust securing
<br />lender's lien was recorded on MARCH 27, 2000 as document no.
<br />in the Office of the Hall County Register of Deeds.
<br />For the reasons set forth above, and in consideration of the mutual covenants and
<br />promises of the parties hereto, trustor and beneficiary covenant and agree as follows:
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<br />AGREEMENT SUBORDINATING EXISTING
<br />TRUST DEED TO NEW TRUST DEED
<br />Agreement made the 30th day of March, 2000, between T & R DRYWALL, INC., of 308\J�
<br />\
<br />S. Claude Road, Grand Island, Hall County, Nebraska, herein referred to as trustor, and Equitable
<br />Building & Loan Assoc. FSB, of P. O. Box 160, Grand Island, County of Hall, State of
<br />Nebraska, herein referred to as beneficiary.
<br />The parties recite and declare that:
<br />a. Trustor executed a trust deed on November 10, 1999, in favor of beneficiary, which
<br />was recorded on November 19, 1999, in the office of the Register of Deeds , of Hall County,
<br />State of Nebraska, as Document No. 99-111163, covering the following described property:
<br />LOT ONE (1), WESTGATE 5T" SUBDIVISION TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA
<br />b. The above mentioned trust deed was given as security for a Loan, described in such
<br />trust deed, in the amount of Thirty Thousand Ninety Three and 50/100 - -- ($30,093.50) Dollars,
<br />executed on November 10, 1999, by trustor in favor of beneficiary.
<br />c. Trustor desires to obtain a loan in the amount of One Hundred Forty One Thousand
<br />Four Hundred Eighty Seven and 24/100 - - -- ($141,487.24)-- - - - - -- from The Equitable Building
<br />and Loan Association, FSB, of P.O. Box 160, City of Grand Island, County of Hall, State of
<br />Nebraska, herein referred to as lender, but lender requires that such loan be secured by a trust
<br />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
<br />in order that trustor may obtain such loan from lender. Said Deed of Trust securing
<br />lender's lien was recorded on MARCH 27, 2000 as document no.
<br />in the Office of the Hall County Register of Deeds.
<br />For the reasons set forth above, and in consideration of the mutual covenants and
<br />promises of the parties hereto, trustor and beneficiary covenant and agree as follows:
<br />
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