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<br />SUBORDINATION OF DEED OF TRUST
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<br />FID,
<br />This instrument is made as of November 20 , 2001, by The Equitable Building & Loan Association of Grand Island,
<br />Nebraska, ( "Lienholder "), a corporation having its principal place of business at 619 N. Diers Avenue, Grand Island, NE 68801.
<br />RECITALS
<br />A. Lienholder is the holder of the beneficial interest in a note secured by a deed of trust (the "Second Deed of Trust ") on the
<br />mortgaged property, dated January 15,1998, executed by James A. Weakland and Kaye E. Weakland, and recorded on January
<br />21, 1998, as Document No. 98- 100541 in the office of the Register of Deeds of Hall County, Nebraska, and further described as
<br />follows (the "Mortgaged Property"):
<br />Lot Nine (9), Block (2) , in Colonial Estates Subdivision, City of Grand Island, Hall County, Nebraska.
<br />B. The Second Deed of Trust held by Lienholder is junior and subordinate to a deed of trust (the "First Deed of Trust ") held by
<br />Major Mortgage, it's successors and /or assigns, on the Mortgaged Property. James A. Weakland and Kaye E. Weakland, the
<br />owners ( "Owner ") of the Mortgaged Property desire to refinance the First Deed of Trust loan on the Mortgaged Property.
<br />For good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, Lienholder agrees as follows:
<br />1. The Second Deed of Trust held by Lienholder shall be subject and subordinate to a new deed of trust ( "New Deed of Trust ")
<br />securing a loan originated by Major Mortgage, it's Successors and /or assigns, pertaining to the Mortgaged Property and securing
<br />a note dated on or around November 21, 2001, in an original principal amount not to exceed Seventy Six Thousand Five Hundred
<br />Dollars ($76,500.00), bearing interest at a rate not to exceed Six and Three -Fourth Percent (6.75 %) per annum, and made
<br />primarily for the purpose of refinancing the First Deed of Trust loan. and filed December 3, 2001 a s
<br />Document No. 200112398.
<br />2. Lienholder acknowledges that Major Mortgage, it's successors and /or assigns, is relying on this instrument in making the loan
<br />secured by the New Deed of Trust. Lienholder agrees that the New Deed of Trust shall have the same validity, priority, and
<br />effect as if executed, delivered and recorded prior to the date of the Second Deed of Trust provided, however, that nothing in this
<br />instrument shall in any way alter, change or modify the terms and conditions of the Second Deed of Trust, or in any way release
<br />or affect the validity or priority of the Second Deed of Trust, except as provided herein.
<br />Entered into this 20 day of November, 2001.
<br />EQUITABLE FEDERAL SAVINGS BANK OF GRAND ISLAND, FORMERLY KNOWN AS THE EQUITABLE BUILDING & LOAN
<br />( "Lienholder ") ASSOCIATION OF GRAND ISLAND, NEBRASKA
<br />Name: DAVID DOHMEN
<br />Title: VP /CHIEF LENDING OFFICER
<br />STATE OF NEBRASKA
<br />COUAITY OF
<br />On this 20 day of November, 2001, before me a Notary Public, personally appeared DAVID DOHMEN
<br />to me personally known to be the VP /CHIEF LE f The Equitable
<br />Building & Loan Association of Grand Island, Nebraska, who being by me duly sworn, subscribed their name to the foregoing
<br />instrument as an officer of said corporation and acknowledged the execution of such instrument as the voluntary act and deed of
<br />said corporation.
<br />My Commission Expires:
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<br />Nc6iry Public
<br />6 IERALNOTARY• 80 o1 8011 1
<br />JUUE A. THOMPSON
<br />Mycon W 10, 2005
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