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200112822 lender's lien was recorded on 4M.11 �,' 13: as document no. ,��C o� V in the Office of the Hall County Register of Deeds. For the reasons set forth above, and in consideration of the mutual covenants and promises of the parties hereto, trustor and beneficiary covenant and agree as follows: SECTION ONE SUBORDINATION As an inducement to lender to grant such loan to trustor, beneficiary and trustor hereby subordinate the above - described trust deeds of January 8, 2001 and May 14, 2001, in favor of beneficiary, to the trust deed in favor of lender that is being recorded with this agreement. Beneficiary and trustor further agree that the lien of the trust deed in favor of lender shall be and is in all respects a lien prior and superior to the lien of the trust deed in favor of beneficiary. SECTION TWO APPROVAL OF LOAN TERMS The terms of the loan from lender to trustor are as follows: Loan Amount: $78,000.00 Term: 15 year fixed rate Initial Rate: 6.500% Beneficiary hereby approves all the terms of such loan. SECTION THREE INUREMENT; BINDING EFFECT This agreement shall inure to the benefit of lender, its successors and assigns, and shall be binding on beneficiary and trustor and their respective successors and assigns. In witness whereof, the parties have executed this agreement at Grand Island, Nebraska on DECEMBER 8 --,2001. (Beneficiary) The Equitable Building & Loan Association, a Federal Savings Bank, now known as Equitable Federal Savings Bank of Grand Island By� -'� Dave Dohmen, Vice President Chief Lending Officer State of NEBRASKA ) SS. County of HALL ) The foregoing instrument was acknowledged this 8TH day of DEC , , 2001, by Dave Dohmen, Vice President/Chief Lending Officer, of Equitable Federal Savings Bank of Grand Island. =KAROLYN raska � V Notary Public