|
14
<br />U)
<br />0
<br />i
<br />Agreement made the 5THday of JUNE , 2001, between David J. Stoddard and Kathy
<br />Stoddard, Husband and Wife, of 1607 S. Harrison, Grand Island, Hall County, Nebraska, herein
<br />referred to as trustor, and Equitable Building & Loan Assoc. FSB, of P. O. Box 160, Grand
<br />Island, County of Hall, State of Nebraska, herein referred to as beneficiary.
<br />The parties recite and declare that:
<br />a. Trustor executed trust deed, on May 11, 1999, in favor of beneficiary, which was
<br />recorded on May 14, 1999, in the office of the Register of Deeds , of Hall County, State of
<br />Nebraska, as Document No. 99- 105022, covering the following described property:
<br />Lot One (1), Farmington Subdivision, 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 Ten Thousand and No /100 - -- ($10,000.00) Dollars, executed on
<br />May 11, 1999, by trustor in favor of beneficiary.
<br />c. Trustor desires to obtain a loan in the amount of One Hundred Eighty -Eight Thousand
<br />and No/ 100 ---- ($188,000.00) -- from The Equitable Building and Loan Association, FSB, of P.O.
<br />Box 160, City of Grand Island, County of Hall, State of Nebraska, herein referred to as lender,
<br />but lender requires that such loan be secured by a trust deed that will be prior to the trust deeds in
<br />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 juo , it, as document
<br />No. aco l- 0-SEg7 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 />M =\
<br />M T D
<br />°
<br />C) cn
<br />A
<br /><_�
<br />r_ D
<br />N
<br />�i
<br />m C}
<br />z
<br />- 1 �'�
<br />O
<br />Co
<br />C,
<br />O _n
<br />O
<br />asr
<br />rT
<br />V
<br />i
<br />0 M
<br />Z7
<br />D M
<br />a
<br />r a
<br />cn
<br />N
<br />'
<br />{ '
<br />c�
<br />U '
<br />;K
<br />Ul
<br />R"
<br />O
<br />v gyp..
<br />co
<br />Cn
<br />Cn
<br />co
<br />cr
<br />cn
<br />AGREEMENT SUBORDINATING EXISTING
<br />e
<br />TRUST DEED TO NEW TRUST DEED
<br />Agreement made the 5THday of JUNE , 2001, between David J. Stoddard and Kathy
<br />Stoddard, Husband and Wife, of 1607 S. Harrison, Grand Island, Hall County, Nebraska, herein
<br />referred to as trustor, and Equitable Building & Loan Assoc. FSB, of P. O. Box 160, Grand
<br />Island, County of Hall, State of Nebraska, herein referred to as beneficiary.
<br />The parties recite and declare that:
<br />a. Trustor executed trust deed, on May 11, 1999, in favor of beneficiary, which was
<br />recorded on May 14, 1999, in the office of the Register of Deeds , of Hall County, State of
<br />Nebraska, as Document No. 99- 105022, covering the following described property:
<br />Lot One (1), Farmington Subdivision, 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 Ten Thousand and No /100 - -- ($10,000.00) Dollars, executed on
<br />May 11, 1999, by trustor in favor of beneficiary.
<br />c. Trustor desires to obtain a loan in the amount of One Hundred Eighty -Eight Thousand
<br />and No/ 100 ---- ($188,000.00) -- from The Equitable Building and Loan Association, FSB, of P.O.
<br />Box 160, City of Grand Island, County of Hall, State of Nebraska, herein referred to as lender,
<br />but lender requires that such loan be secured by a trust deed that will be prior to the trust deeds in
<br />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 juo , it, as document
<br />No. aco l- 0-SEg7 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 />
|