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x C M n o o t7 cn p -+ a y C v N () = --I m O �. VZ co p T Q A CD �� p C. c, _0 a m a' w CD CA) to r3 .4 3 Cil 1 4 0 r- 7r N. v� x C=) n C_n C0 co 4 AGREEMENT SUBORDINATING A MORTGAGE a This Agreement is made this 31st day of May , 2000, by and between Five Points ° Bank Grand Island, A Nebraska Corporation of Grand Island, Nebraska, herein referred to as FIVE POINTS BANK, and The Equitable Building and Loan Association of Grand Island, Nebraska, A Federal Savings Bank, which has a principal place of business in Hall County, Nebraska, herein referred to as LENDER. The parties recite and declare that: A. FIVE POINTS BANK is the owner and holder of a certain Note and Mortgage dated January 8, 1997, and filed in the Register of Deeds Office of Hall County, on January 14, 1997, as Document Number 97- 100235 of that County, covering, the following described property: Lot 2, Park -View Second Subdivision, Grand Island, Hall County, Nebraska, and: A tract of land comprising a part of Lot 1, Park -View Second Subdivision in the City of Grand Island, Hall County, Nebraska, and more particularly described as follows: Beginning at the Southwest Corner of said Lot 1; thence Northerly along and upon the West line of said Lot 1, a distance of 59.0 feet, thence Easterly parallel with the South line of said Lot 1, a distance of 94.46 feet to a point on the prolongation of the east line of Lot 2, Park -View Second Subdivision; thence Southerly a distance of 59.0 feet to a point on the south line of said Lot 1, also being the Northeast Corner of said Lot 2; thence Westerly along and upon the South line of said Lot 1, a distance of 94.20 feet to the point of beginning. B. LENDER is about to loan the sum of Twenty -eight Thousand and No /100 ($28,000.00) on a Note and Deed of Trust securing such Note to provide for the payment of a Note to LENDER secured by a Deed of Trust filed against the above described property. C. To induce LENDER to make such loan, it is necessary that the Deed of Trust held by FIVE POINTS BANK, described in Section A above, be subordinated to the lien of the Deed of Trust about to be made in favor of the LENDER as beneficiary as set forth above as it applies to the above described property only. For the reasons set forth above, and consideration of the mutual covenants and promises of the parties hereto, FIVE POINTS BANK and LENDER covenant and agree as follows: