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<br /> AGREEMENT SUBORDINATING EXISTING o
<br /> TRUST DEED TO NEW TRUST DEED "'� � � �
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<br /> Agreement made April 1, 1999, between JEFFREY L. DOBBINS and JANET A. C, (�
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<br /> DOBBINS, Husband and Wife , of 4015 Mason Ave., City of Grand Island , County of Hall, (� �
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<br /> State of Nebraska, herein referred to as trustor, and The Equitable Building and Loan
<br /> Association, FSB of 113-115 N. Locust Street, City of Grand Island, County of Hall , State of
<br /> Nebraska, herein refened to as beneficiary.
<br /> The parties recite and declare that:
<br /> a. Trustor executed a trust deed on April 1, 1999, in favor of beneficiary, which was
<br /> recorded on Apri17, 1999, as Document No. 99-103636, in the office of the Register of Deeds ,
<br /> of Hall County, State of Nebraska, covering the following described property:
<br /> LOT THREE(3), SUNSET THIRD SUBDMSION, CITY OF GRAND ISLAND, 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 amount of Seventeen Thousand Sixty-five and 50/100------($17,065.50)
<br /> Dollars, executed on April 1, 1999, by trustor in favor of beneficiary.
<br /> c. Trustor desires to obtain a loan in the amount of Fifty Thousand and No/100----
<br /> ($50,000.00)-------- from The Equitable Building and Loan Association, FSB, of 113-115 N.
<br /> Locust St., 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 deed in
<br /> favor of beneficiary.
<br /> d. Beneficiary is willing to subordinate the lien of the trust deed in their favor insofax as it
<br /> encumbers the above-described premises, to the trust deed made in favor of lender in
<br /> order that trustor may obtain such loan from lender. Said Deed of Trust securing
<br /> lender's lien was recorded on✓ /�C� � �9/�' as document no. ✓9 - b �7
<br /> _in the Office of the Hall County egister 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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