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200002616
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Last modified
10/13/2011 11:45:20 AM
Creation date
10/20/2005 8:06:45 PM
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DEEDS
Inst Number
200002616
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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 November 10, 1999, in favor of beneficiary, to the <br />trust deed in favor of lender that is being recorded with this agreement. Beneficiary and trustor <br />further agree that the lien of the trust deed in favor of lender shall be and is in all respects a lien <br />prior and 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: $141,487.24 <br />Term: 15 year amortization, 5 year balloon <br />Rate: 9.5% <br />Beneficiary hereby approves all the terms of such loan. <br />SECTION THREE <br />INUREMENT; BINDING EFFECT <br />This agreement shall inure to the benefit of lender, its successors and assigns, and shall 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 <br />on March 30, 2000. <br />The Equitable Building & Loan Assoc. <br />Of Grand Island, Nebraska, A Federal <br />Savings Bank <br />Joanne Roush Holmes <br />Vice President / Corp. Secretary <br />I hereby consent to the above subordination and agree to be bound by it. <br />Earl Ahlschwede, Trustee <br />
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