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W <br />r <br />VI <br />a <br />200105907 <br />n <br />x <br />M <br />r) <br />M <br />c <br />i <br />M <br />n <br />o <br />c� cn <br />o --i <br />o <br />C-7) o <br />C:) <br />o 'n <br />o <br />C.0 <br />!^ <br />M, 1 7 <br />F-� <br />V' <br />r <br />?s cu <br />p <br />O <br />Ri <br />3 <br />Cn <br />C n <br />Cz <br />N <br />jE <br />C.D <br />GJ <br />...'t <br />o <br />N <br />AGREEMENT SUBORDINATING EXISTING <br />TRUST DEED TO NEW TRUST DEED <br />Agreement made the 18 day of J U N E , 2001, between Eric A. Benson and Jeanette <br />L. Benson, Husband and Wife, of 2217 W. Koenig, 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 November 19, 1999, in favor of beneficiary, which was <br />recorded on November 23, 1999, in the office of the Register of Deeds, of Hall County, State of <br />Nebraska, as Document No. 009911.127 1, covering the following described property: <br />SEE ATTACHED EXHIBIT "A" <br />b. The above mentioned trust deed was given as security for a Loan, described in such <br />trust deed, in the amount of One Hundred Thirty Two Thousand Seven Hundred and 50 /100 - -- <br />($132,700.50) Dollars, executed on November 19, 1999, by trustor in favor of beneficiary. <br />c. Trustor desires to obtain a loan in the amount of Five Hundred Thirty -One Thousand <br />Two Hundred and No/ 100 ---- ($531,200.00) -- from The Equitable Building and Loan <br />Association, FSB, of P.O. Box 160, City of Grand Island, County of Hall, State of Nebraska, <br />herein referred to as lender, but lender requires that such loan be secured by a trust deed that will <br />be prior to the trust deeds 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 wr Q_ )9, d6�) as document <br />No. Dop 1 —o ss w � 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 />cv <br />coo <br />G <br />cc <br />z <br />0 <br />