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C) n <br />rn > <br />r' z <br />I <br />n <br />W, <br />__ <br />m <br />_ <br />O <br />s <br />c D <br />CD <br />n <br />►—� <br />o �, <br />CD <br />d <br />CZ) <br />-TI �_ <br />S <br />cn <br />co <br />CID <br />71 <br />n <br />Co CD <br />-,3 <br />Z <br />Cn <br />O <br />AGREEMENT SUBORDINATING A TRUST DEED <br />This Agreement is made this Z 5 T" day of (3c�t. , 2004, by and between c-1� <br />i <br />Fidelity National Title Insurance Company, Trustee and GNR Development Corp. of Hastings, \ y� <br />Nebraska, Beneficiary, and Equitable Federal Savings Bank of Grand Island, which has a principal <br />place of business in Hall County, Nebraska, herein referred to as LENDER. <br />The parties recite and declare that: <br />A. FIDELITY NATIONAL TITLE INSURANCE COMPANY, TRUSTEE AND GNR DEVELOPMENT <br />CORP. OF HASTINGS, NEBRASKA, BENEFICIARY is the owner and holder of a certain Trust Deed dated <br />September 15, 2004, and filed in the Register of Deeds Office of Hall County, on September 15, <br />2004, as Document No. 200409146 of that County, covering, the following described property: <br />LOT SEVEN (7) IN PLEASANT VIEW THIRTEENTH SUBDIVISION IN THE CITY OF GRAND ISLAND, <br />HALL COUNTY, NEBRASKA. <br />B. LENDER is about to loan the sum of One Hundred Thousand Dollars and No Cents <br />($100,000.00) on a Note and Deed of Trust securing such Note to be filed against the above described <br />property. <br />C. To induce LENDER to make such loan, it is necessary that the Trust Deed held by <br />FIDELITY NATIONAL TITLE INSURANCE COMPANY, TRUSTEE AND GNR DEVELOPMENT CORP. OF <br />HASTINGS, NEBRASKA, BENEFICIARY, described in Section A above, be subordinated to the lien of the <br />Deed of Trust about to be made in favor of the LENDER as beneficiary as set forth above as it applies <br />to the above described property only. <br />For the reasons set forth above, and consideration of the mutual covenants and promises of the <br />parties hereto, FIDELITY NATIONAL TITLE INSURANCE COMPANY, TRUSTEE AND GNR DEVELOPMENT <br />CORP. OF HASTINGS, NEBRASKA, BENEFICIARY and LENDER covenant and agree as follows: <br />1. Subordination. FIDELITY NATIONAL TITLE INSURANCE COMPANY, TRUSTEE <br />AND GNR DEVELOPMENT CORP. OF HASTINGS, NEBRASKA, BENEFICIARY <br />hereby covenants, consents and agrees with LENDER that the above - <br />mentioned Trust Deed is and shall continue to be subject to and subordinate in <br />lien to the lien of the Deed of Trust about to be made to LENDER stated <br />above. <br />