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<br />AGREEMENT SUBORDINATING EXISTING
<br />TRUST DEED TO NEW TRUST DEED
<br />Agreement made the 14TH day of DECEMBER , 2001, between Michael J Adams
<br />and Susan M Adams, husband and wife of 1720 Bridle Lane, Grand Island, Hall County, State of
<br />Nebraska, herein referred to as trustor, and The Equitable Building & Loan Association, a
<br />Federal Savings Bank, now known as EQUITABLE FEDERAL SAVINGS BANK OF GRAND
<br />ISLAND, of 113 N. Locust St., City of Grand Island, County of Hall, State of Nebraska, herein
<br />referred to as beneficiary.
<br />The parties recite and declare that:
<br />a. Trustor executed a trust deed on April 18, 2001, in favor of beneficiary, which was
<br />recorded on April 20, 2001, in the office of the Register of Deeds, of Hall County, State of
<br />Nebraska, as Document No. 200103516, covering the following described property (as defined in
<br />Neb. Rev. State. 76 -201) in Hall County, Nebraska.
<br />Lot Twenty -One (11) Western Heights Third Subdivision, Haii County, Nebraska,
<br />b. The above mentioned trust deed was given as security for Loan, described in such
<br />trust deed, in the original amount of Ten Thousand and No /100 - -- ($10,000.00) Dollars, executed
<br />on April 18, 2001, and in the original amount of Ten Thousand and No /100 ($10,000.00)
<br />Dollars, by trustor in favor of beneficiary.
<br />c. Trustor desires to obtain a loan in the amount of Seventy -Eight Thousand Seven
<br />Hundred and No/ 100 ($78,700.00)-- - - - - -- from Equitable Federal Savings Bank of Grand Island,
<br />of 113 N. Locust, City of Grand Island, County of Hall, State of Nebraska, herein referred to as
<br />lender, but lender requires that such loan be secured by a trust deed that will be prior to the trust
<br />deed in favor of beneficiary.
<br />d. Beneficiary is willing to subordinate the lien of the trust deeds 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 becem� Obi-X01 as document no. rW l— / ,3174
<br />in the Office of the Hall County Register of Deeds.
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<br />AGREEMENT SUBORDINATING EXISTING
<br />TRUST DEED TO NEW TRUST DEED
<br />Agreement made the 14TH day of DECEMBER , 2001, between Michael J Adams
<br />and Susan M Adams, husband and wife of 1720 Bridle Lane, Grand Island, Hall County, State of
<br />Nebraska, herein referred to as trustor, and The Equitable Building & Loan Association, a
<br />Federal Savings Bank, now known as EQUITABLE FEDERAL SAVINGS BANK OF GRAND
<br />ISLAND, of 113 N. Locust St., City of Grand Island, County of Hall, State of Nebraska, herein
<br />referred to as beneficiary.
<br />The parties recite and declare that:
<br />a. Trustor executed a trust deed on April 18, 2001, in favor of beneficiary, which was
<br />recorded on April 20, 2001, in the office of the Register of Deeds, of Hall County, State of
<br />Nebraska, as Document No. 200103516, covering the following described property (as defined in
<br />Neb. Rev. State. 76 -201) in Hall County, Nebraska.
<br />Lot Twenty -One (11) Western Heights Third Subdivision, Haii County, Nebraska,
<br />b. The above mentioned trust deed was given as security for Loan, described in such
<br />trust deed, in the original amount of Ten Thousand and No /100 - -- ($10,000.00) Dollars, executed
<br />on April 18, 2001, and in the original amount of Ten Thousand and No /100 ($10,000.00)
<br />Dollars, by trustor in favor of beneficiary.
<br />c. Trustor desires to obtain a loan in the amount of Seventy -Eight Thousand Seven
<br />Hundred and No/ 100 ($78,700.00)-- - - - - -- from Equitable Federal Savings Bank of Grand Island,
<br />of 113 N. Locust, City of Grand Island, County of Hall, State of Nebraska, herein referred to as
<br />lender, but lender requires that such loan be secured by a trust deed that will be prior to the trust
<br />deed in favor of beneficiary.
<br />d. Beneficiary is willing to subordinate the lien of the trust deeds 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 becem� Obi-X01 as document no. rW l— / ,3174
<br />in the Office of the Hall County Register of Deeds.
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