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<br />AGREEMENT SUBORDINATING EXISTING
<br />TRUST DEED TO NEW TRUST DEED
<br />Agreement made the 23 day of DECEMBER 2002, between DAVID O. SOTO and —
<br />LISA M. SOTO, Husband and Wife, of 4140 Norwood Drive, Grand Island, Hall County, State
<br />of Nebraska, herein referred to as truster, and The Equitable Building and Loan Association of
<br />Grand Island, now known as Equitable Federal Savings Bank of Grand Island, of 113 N. Locust,
<br />Grand Island, Hall County, Nebraska, herein referred to as beneficiary.
<br />The parties recite and declare that:
<br />a. Tmstor executed a trust deed on March 16, 2000, in favor of beneficiary, which was
<br />recorded on March 21, 2000, in the office of the Register of Deeds, of Hall County, State of
<br />Nebraska, as Document No. 200002217 covering the following described property (as defined in
<br />Neb. Rev. State. 76 -201) in Hall County, Nebraska.
<br />Lot Seven (7), Westwood Park Third Subdivision, in the City of Grand Island, Hall
<br />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 Sixteen Thousand Eight Hundred and 59/100---
<br />($16,800.59) Dollars, executed on March 16, 2000, by truster in favor of beneficiary.
<br />Truslor desires to obtain a loan in the amount of One Hundred Forty Five Thousand
<br />Five Hundred and No /100 ($145,500,00) from TIERONE BANK, of 1811 West Second St, City
<br />of Grand Island, County of Hall, State of Nebraska, herein referred to as lender, but lender
<br />requires that such loan be secured by a trust deed that will be prior to the trust deed in favor of
<br />beneficiary.
<br />d. Beneficiary is willing to subordinate the lien of the bust deed 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 tmstor may obtain such loan from lender. Said Deed of Trust securing
<br />lender's lien was recorded on /V; 77 i %X11 at Document
<br />No �Qo 2 14 -7 /i� —' 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, truster and beneficiary covenant and agree as follows:
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<br />AGREEMENT SUBORDINATING EXISTING
<br />TRUST DEED TO NEW TRUST DEED
<br />Agreement made the 23 day of DECEMBER 2002, between DAVID O. SOTO and —
<br />LISA M. SOTO, Husband and Wife, of 4140 Norwood Drive, Grand Island, Hall County, State
<br />of Nebraska, herein referred to as truster, and The Equitable Building and Loan Association of
<br />Grand Island, now known as Equitable Federal Savings Bank of Grand Island, of 113 N. Locust,
<br />Grand Island, Hall County, Nebraska, herein referred to as beneficiary.
<br />The parties recite and declare that:
<br />a. Tmstor executed a trust deed on March 16, 2000, in favor of beneficiary, which was
<br />recorded on March 21, 2000, in the office of the Register of Deeds, of Hall County, State of
<br />Nebraska, as Document No. 200002217 covering the following described property (as defined in
<br />Neb. Rev. State. 76 -201) in Hall County, Nebraska.
<br />Lot Seven (7), Westwood Park Third Subdivision, in the City of Grand Island, Hall
<br />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 Sixteen Thousand Eight Hundred and 59/100---
<br />($16,800.59) Dollars, executed on March 16, 2000, by truster in favor of beneficiary.
<br />Truslor desires to obtain a loan in the amount of One Hundred Forty Five Thousand
<br />Five Hundred and No /100 ($145,500,00) from TIERONE BANK, of 1811 West Second St, City
<br />of Grand Island, County of Hall, State of Nebraska, herein referred to as lender, but lender
<br />requires that such loan be secured by a trust deed that will be prior to the trust deed in favor of
<br />beneficiary.
<br />d. Beneficiary is willing to subordinate the lien of the bust deed 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 tmstor may obtain such loan from lender. Said Deed of Trust securing
<br />lender's lien was recorded on /V; 77 i %X11 at Document
<br />No �Qo 2 14 -7 /i� —' 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, truster and beneficiary covenant and agree as follows:
<br />
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