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<br /> AGREEMENT SUBORDINATING A DEED OF TRUST Z
<br /> � �
<br /> This Agreement is made this 30TH day of March, 1999, by and between Five --
<br /> Points Bank, Grand Island, A Nebraska Corporation, of Grand Island, Nebraska,
<br /> herei.n referred to as FIVE POINTS BANK, and Transportation Equipment Co. , Inc. , �
<br /> a Nebraska corporation, which has a principal place of busir.asa in Hall County, �•
<br /> Nebraska, herein referred to as LENDER.
<br /> The parties recite and declare that:
<br /> A. FIVE POINTS BANK is the owner and holder of a certain Note and Deed of
<br /> Trust dated September 12, 1997, which Deed of Trust is recorded in the Register
<br /> of Deeds Office of Hall County, Nebraska, on September 23, 1997, as Document
<br /> Number 97-107852 of that Coun�y, covering, in part, the following deacribed two
<br /> properties:
<br /> Lot Fourteen (14) Mehring and Giesenhagen Second Subdivision, a
<br /> replat of Lot Two (2) Mehring and Giesenhagen Subdivision, Hall
<br /> County, Nebraska, excepting a certain tract of land more
<br /> particularly described as follows:
<br /> A tract of land comprising part of Lots Twelve (12) thru Twenty
<br /> (20), inclusive, Mehring and Giesenhagen Second Subdivision, more
<br /> particularly described as follows: Beginning at the Southeast
<br /> corner of said Lot Twelve (12) ; thence Northwesterly along the
<br /> Easterly line of said Lots Twelve (12) thru Twenty (20) , inclusive,
<br /> to the intersection with a line Thirty (30.0) feet South of and
<br /> parallel to the North line of said Lot Twenty (20) ; thence Westerly
<br /> along a line Thirty (30.0) feet South of and parallel to said North
<br /> line of Lot Twenty (20) , a distance of Forty-three and Forty-two
<br /> Hundredths (43.42) feet; thence southeasterly along a line Forty-two
<br /> and Seventy-eight Hundredths (42.78) feet Southwesterly from and
<br /> parallel to said Easterly line of Lots Twelve (12) thru Twenty (20) ,
<br /> inclusive, to the intersection with the South line of said Lot
<br /> Twelve (12) ; thence Easterly along said South line of Lot Twelve
<br /> (12) , a distance of Forty-three and Forty-two Hundredths (43.42)
<br /> feet to the place of beginning.
<br /> AND
<br /> A tract of land comprising a part of the West Half of the Northeast
<br /> Quarter (W�NE�) of Section Fifteen (15) , Township Eleven (11) North,
<br /> Range Nine (9) West of the 6th P.M. in Grand Island, Hall County,
<br /> Nebraska, more particularly described as follows: Beginning at the
<br /> Northeast corner of said West Half of the Northeast Quarter (W%�NE'�) ;
<br /> thence Southerly along the East line of said West half of the
<br /> Northeast Quarter (W�NE'�) , a distance of Six Hundred Thirty-two and
<br /> Three Hundredths (632.03) feet to the Southeasterly right-of-way
<br /> line of U.S. Highway No. 30; thence deflecting right 64°30'20" and
<br /> running Southwesterly along said right-of-way line, a distance of
<br /> Eighty-eight and Sixty-four Hundredths (88.64) feet to the ACTUAL
<br /> place of beginning; thence continuing Southwesterly along the last
<br /> described course, a distance of One Hundred Forty-six and Ninety-
<br /> seven Hundredths (146.97) feet; thence deflecting left 58°OS'32" and
<br /> running Southwesterly, a distance of One Hundred fourteen and Four
<br /> Tenths (114.4) feet to a point of curvature; thence running
<br /> Southwesterly along the arc of a curve whose radius is 756 feet (the
<br /> long chord of which deflect,s left �3°1C�'54" frer the l�s} desc:�.b�d �
<br /> courae) a long chord distance of Eighty-three and Ninety-six
<br /> Hundredthe (83.96) feet; thence deflecting left 03°10'54" from the
<br /> long chord of the last described curve and running Southerly, a
<br /> distance of Three Hundred Forty-four and Sixty-two Hundredths
<br /> (344.62) feet; thence deflecting left 90°00' and running Easterly,
<br /> a distance of One Hundred Fifty (150.0) feet; thence deflecting left
<br /> 90°00' and running northerly, a distance of Six Hundred Five (605.0)
<br /> feet to the ACTUAL place of beginning.
<br /> B. LENDER is about to loan the sum of Two Hundred Thousand and No Cents
<br /> ($200,000.00) on a Note and Deed of Trust securing such Note to provide for the
<br /> payment of a Note to LENDER secured by a Deed of Trust filed against the above
<br /> described property.
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