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<br />AGREEMENT SUBORDINATING EXISTING
<br />TRUST DEED TO NEW TRUST DEED
<br />Agreement made the I.Z'rtday of """" 2001, between Steven W. Ryan and
<br />Kimberly S. Ryan, aka Kim S. Ryan, husband and wife of 3132 Briarwood Blvd, City of Grand
<br />Island, County of Hall, State of Nebraska, herein referred to as trustor, and Wells Fargo Bank of
<br />Nebraska, NA, formerly known as Norwest Bank Nebraska, NA, of 304 West Third St, City of
<br />Grand Island, County of Hall, State of Nebraska, herein referred to as beneficiary.
<br />The parties recite and declare that:
<br />a. Trustor executed a trust deed on June 23, 1997, in favor of beneficiary, which was
<br />recorded on June 26, 1997, in the office of the Register of Deeds, of Hall County, State of
<br />Nebraska, as Document No. 97- 104998, covering the following described property:
<br />Lot Twenty (20), in Block Two (2), Brentwood Subdivision in the City of Grand Is /and, Hall County,
<br />Nebraska.
<br />b. The above mentioned trust deed was given as security for a Loan, described in such
<br />trust deed, in the original amount of Fifty Thousand and No /100 - -- ($50,000.00) Dollars,
<br />executed on June 23, 1997, by trustor in favor of beneficiary.
<br />c. Trustor desires to obtain a loan in the amount of One Hundred Ninety Eight Thousand
<br />and No/ 100 ---- ($198,000.00)-------- from The Equitable Building and Loan Association, FSB, of
<br />P.O. Box 160, City of Grand Island, County of Hall, State of Nebraska, herein referred to as
<br />lender, but lender requires that such loan be secured by a trust deed that will be prior to the trust
<br />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 A.ne. 6, 0601 as document no. olffi l' LAS 3a
<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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