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p <br />jl <br />a <br />A <br />rn <br />T <br />T � � <br />S <br />in <br />� o <br />c� <br />C- <br />\o ' z <br />o - W <br />V <br />m 3 <br />to tl N <br />V <br />AGREEMENT SUBORDINATING A DEED OF TRUST <br />O N <br />O -1 <br />c D <br />Z � <br />y m <br />0 <br />m <br />i P <br />r n <br />n <br />N <br />o g <br />O ^n <br />CJ � <br />N <br />O ti <br />o <br />S <br />J <br />S ff <br />2003 <br />This Agreement is made this 8TH day of JANUARY XKX)% by and between <br />O <br />FIVE POINTS BANK, Trustee and Beneficiary, herein referred to as FIVE POINTS, and Equitable <br />Federal Savings Bank of Grand Island, which has a principal place of business in Hall County, <br />Nebraska, herein referred to as LENDER. <br />The parties recite and declare that: <br />A. FIVE POINTS is the owner and holder of a certain Deed of Trust dated October 6, <br />1998, and filed in the Register of Deeds Office of Hall County, on October 15, 1998, as Document <br />Number 98- 110057, of that County, covering, the following described property: <br />UNIT ONE (1) AND GARAGE ONE (1), MIDDLETOWN CONDOMINIUMS, TO THE CITY OF <br />GRAND ISLAND, HALL COUNTY, NEBRASKA. <br />B. LENDER is about to loan the sum of Sixty Thousand and No Cents ($60,000.00) on a <br />Note and Deed of Trust securing such Note to provide for the payment of a Note to LENDER secured <br />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 />FIVE POINTS, described in Section A above, be subordinated to the lien of the Deed of Trust about <br />to be made in favor of the LENDER as beneficiary as set forth above as it applies to the above <br />described property only. <br />For the reasons set forth above, and consideration of the mutual covenants and promises of the <br />parties hereto, FIVE POINTS and LENDER covenant and agree as follows: <br />Subordination. FIVE POINTS, 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 />2. Consideration. In consideration of FIVE POINTS so subordinating the Deed <br />of Trust held by it to the Deed of Trust made to LENDER, LENDER shall make the above <br />described loan to Janice L. Binfield AKA Janice Leann Binfield AKA Janice Leann Rockwell <br />AKA Janice L Rockwell, an unmarried person, secured by a Deed of Trust identified as <br />2003 <br />document Number c)On_7�- 4j ] 3 filed on,71anuL (3�, $pgr2, in the <br />Register of Deeds Office of Hall County, Nebraska. <br />3. This Agreement shall be binding upon and inure to the benefit of the legal <br />