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<br />AGREEMENT SUBORDINATING EXISTING
<br />TRUST DEED TO NEW TRUST DEED
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<br />Agreement made the, ay of 4,es , 2004, between GEORGE A
<br />POULLOS AND JODY J POULLOS, HUSBAND AND WIFE, of 6221 N. 158 AVE.,
<br />OMAHA, Douglas County, Nebraska, herein referred to as trustor, and UNITED NEBRASKA
<br />BANK, PO Box 5018, Grand Island, County of Hall, State of Nebraska, herein referred to as
<br />beneficiary. and Trustee.
<br />The parties recite and declare that:
<br />a. Trustor executed a trust deed on February 1, 2002, in favor of beneficiary, which was
<br />recorded on February 13, 2002, in the office of the Register of Deeds, as Instrument No.
<br />200201731, in Hall County, State of Nebraska, covering the following described property (as
<br />defined in Neb. Rev. State. 76 -201) in Hall County, Nebraska.
<br />LOT 8 AND THE WEST HALF (W' /2) OF LOT SEVEN (7), BLOCK 2, IN PARKHILL SUBDIVISION,
<br />AN ADDITION TO THE CITY OF GRAND ISLAND, HALL 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 One Hundred Thirty -Five Thousand Twenty Two and
<br />14/100 - -- (135,022.14) Dollars, executed on February 1, 2002, by trustor in favor of beneficiary.
<br />c. Trustor desires to obtain a loan in the amount of Sixty -Five Thousand Six Hundred
<br />and No /100 ($65,600.00) Dollars -- from Equitable Federal Savings Bank of Grand Island, of
<br />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
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<br />lender's lien was recorded on 9 - %5 -dCo q at Document No. — j) Q I'V 9
<br />in the Office of the Hall County Register 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:
<br />
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