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- . _ � � <br /> - rn f": �"r'1 <br /> • T � r�- <br /> m <br /> C - c� <br /> �' m v�'i � � � o —�i �?, � <br /> !� S �' r� ��. � � �: � <br /> R � � � rn � � <br /> � � o N <br /> �r C `C` N � "� � -�s <br /> • -*t , .:_ F--► � <br /> � v {-^��. � a F--" CD <br /> � �C t � � � O .-�+ <br /> � u� ;, cn a, Z <br /> �`. N 7� O <br /> 99 1 �. O � v1 �� w �.� W <br /> r� cn � <br /> � � <br /> AGREEMENT SUBORDINATING A DEED OF TRUST — <br /> d <br /> This Agreement is made this 25TH day of OCTOBER , 1999, by and between Home �,.,,.,.., � <br /> Federal Savings& Loan Association of Grand Island, Nebraska, herein referred to as HOME <br /> FEDERAL, and The Equitable Building and Loan Association of Grand Island, Nebraska, A Federal <br /> Savings Bank, which has a principal place of business in Hall County, Nebraska, herein referred to as <br /> LENDER. <br /> The parties recite and declare that: <br /> A. HOME FEDERAL is the owner and holder of a certain Deed of Trust dated March l, <br /> 1996, and filed in the Register of Deeds Office of Hall County, on March 11, 1996, as Document <br /> Number 96-101755 of that County, covering, the following described property: <br /> Lot Six (6), Block One (1), Ponderosa Lake Estates Subdivision, Hall County, <br /> Nebraska. <br /> B. LENDER is about to loan the sum of One Hundred Eighteen Thousand and No Cents <br /> ($118,000.00) on a Note and Deed of Trust securing such Note to provide for the payment of a Note <br /> to LENDER secured by a Deed of Trust filed against the above described property. <br /> C. To induce LENDER to make such loan, it is necessary that the Deed of Trust held by <br /> HOME FEDERAL, described in Section A above, be subordinated to the lien of the Deed of Trust <br /> about to be made in favor of the LENDER as beneficiary as set forth above as it applies to the above <br /> described property on1y. <br /> For the reasons set forth above, and consideration of the mutual covenants and promises of the <br /> parties hereto, HOME FEDERAL and LENDER covenant and agree as follows: <br /> 1. Subordination. HOME FEDERAL hereby covenants, consents and agrees <br /> with LENDER that the above-mentioned Deed of Trust is and shall continue to be subject to <br /> and subordinate in lien to the lien of the Deed of Trust about to be made to LENDER stated <br /> above. <br /> � <br />