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Agreement made the A Aday of 2001, between Tammy Johnson, a single
<br />person, of 1221 N. Beal Street, Grand Island, Hall County, Nebraska, herein referred to as
<br />trustor, and Grand Island Area Housing Corporation, of 415 S. Cherry, Grand Island, County of
<br />Hall, State of Nebraska, herein referred to as beneficiary.
<br />The parties recite and declare that:
<br />a. Trustor executed a trust deed on January 8, 1996, in favor of beneficiary, which was
<br />recorded on January 9, 1996, in the office of the Register of Deeds , of Hall County, State of
<br />Nebraska, as Document No. 96- 100228, covering the following described property:
<br />Lot Dour (4), Block Dour (4), George Loan's Subdivision, 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 Twenty -Four Thousand Five Hunddred and No /100 - -- ($24,500.00)
<br />Dollars, executed on January 8, 1996, by trustor in favor of beneficiary.
<br />c. Trustor desires to obtain a loan in the amount of Fifty -Seven Thousand and No /100 - - --
<br />($57,000.00) -- - - - - -- from The Equitable Building and Loan Association, FSB, of P.O. Box 160,
<br />City of Grand Island, County of Hall, State of Nebraska, herein referred to as lender, but lender
<br />requires that such loan be secured by a trust deed that will be prior to the trust deed in favor of
<br />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 />/Sso
<br />lender's lien was recorded on w 2.021 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 A Aday of 2001, between Tammy Johnson, a single
<br />person, of 1221 N. Beal Street, Grand Island, Hall County, Nebraska, herein referred to as
<br />trustor, and Grand Island Area Housing Corporation, of 415 S. Cherry, Grand Island, County of
<br />Hall, State of Nebraska, herein referred to as beneficiary.
<br />The parties recite and declare that:
<br />a. Trustor executed a trust deed on January 8, 1996, in favor of beneficiary, which was
<br />recorded on January 9, 1996, in the office of the Register of Deeds , of Hall County, State of
<br />Nebraska, as Document No. 96- 100228, covering the following described property:
<br />Lot Dour (4), Block Dour (4), George Loan's Subdivision, 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 Twenty -Four Thousand Five Hunddred and No /100 - -- ($24,500.00)
<br />Dollars, executed on January 8, 1996, by trustor in favor of beneficiary.
<br />c. Trustor desires to obtain a loan in the amount of Fifty -Seven Thousand and No /100 - - --
<br />($57,000.00) -- - - - - -- from The Equitable Building and Loan Association, FSB, of P.O. Box 160,
<br />City of Grand Island, County of Hall, State of Nebraska, herein referred to as lender, but lender
<br />requires that such loan be secured by a trust deed that will be prior to the trust deed in favor of
<br />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 />/Sso
<br />lender's lien was recorded on w 2.021 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 />�.11
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