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200105588 <br />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 May 11, 1999, in favor of beneficiary, to the trust <br />deed in favor of lender that is being recorded with this agreement. Beneficiary and trustor further <br />agree that the lien of the trust deed in favor of lender shall be and is in all respects a lien prior <br />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: $188,000.00 <br />Term: 30 year amortization <br />Initial Rate: 7.000% <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 JUNE 5 92001. <br />(Lender) <br />THE EQUITABLE BUILDING AND LOAN <br />ASSOCIATION OF GRAND ISLAND, <br />NEBRASKA, A FEDERAL SAVINGS BANK <br />By C1-, vw cr�in EJ�' <br />Joanne Roush Holmes, Vice President/Secretary <br />STATE OF NEBRASKA) <br />) SS. <br />COUNTY OF HALL ) <br />The foregoing instrument was acknowledged this 5TH day of JUNE , 2001 by <br />Joanne Roush Holmes, Vice President/Secretary of The Equitable Building & Loan Assoc. FSB, <br />A Corporation, on behalf of the Corporation. <br />W ERAL ANOT R of Nebraska KAREN M. VIETH v <br />My Comm. Exp. Sept. 9.2002 Notary Public <br />