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m <br />C <br />m y Z <br />� s <br />(m1 2 <br />x <br />Q <br />T <br />V <br />cn <br />AGREEMENT SUBORDINATING EXISTING <br />200300253 TRUST DEED TO NEW TRUST DEED <br />W <br />W <br />W <br />F+ <br />n V� <br />o� <br />c n <br />2 -1 <br />y T <br />n T <br />S fil <br />n Q] <br />r n <br />n <br />N <br />N <br />Agreement made the 2ND day of January, 2003, between ROBERT A KAREL AND <br />DEBORAH M KARLE, HUSBAND AND WIFE, of 4022 Greenwood Drive, Grand Island, Hall <br />County, State of Nebraska, herein referred to as trustor, and The Equitable Building & Loan <br />Association, a Federal Savings Bank, now known as EQUITABLE FEDERAL SAVINGS <br />BANK OF GRAND ISLAND, of 113 N. Locust St., City of Grand Island, County of Hall, State <br />of Nebraska, herein referred to as beneficiary. <br />The parties recite and declare that: <br />a. Trustor executed a trust deed on March 20, 1998, in favor of beneficiary, which was <br />recorded on March 26, 1998, in the office of the Register of Deeds, of Hall County, State of <br />Nebraska, covering the following described property (as defined in Neb. Rev. State. 76 -201) in <br />Hall County, Nebraska. <br />LOT TWENTY SEVEN (27) WESTWOOD PARK SUBDIVISION, 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 EIGHT THOUSAND SIX HUNDRED AND NO /100 - -- <br />($8,600.00) Dollars, executed on March 20, 1998, by trustor in favor of beneficiary. <br />a Trustor desires to obtain a loan in the amount of SIXTY EIGHT THOUSAND AND <br />NO/100--- ($68,000.00) 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 truster may obtain such loan from lender. Said Deed of Trust securing <br />lender's lien was recorded on fir` uar� N at Book no. . Page no. <br />in the Office of the Hall County Register of Deeds. 3 —Ng.S % <br />For the reasons set forth above, and in consideration of the mutual covenants and <br />promises of the parties hereto, truster and beneficiary covenant and agree as follows: <br />T <br />O � <br />N t�9 <br />O n" <br />O <br />w 3 <br />O Cy. <br />O M <br />N eMCfl � <br />O <br />n <br />e� <br />