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M ((�•iIklie.t: m N e 200300639 n (nnn rml x N O +� r Q � Cn N AGREEMENT SUBORDINATING EXISTING 2 30025 �' TRUST DEED TO NEW TRUST DEED n Agreement made the 2ND day of January, 2003, between ROBERT A KARLE AND - - - -- DEBORAH M KARLE, HUSBAND AND WIFE, of 4022 Greenwood Drive, Grand Island, Hall County, State of Nebraska, herein referred to as trustor, and The Equitable Building & Loan Association, a Federal Savings Bank, now known as EQUITABLE FEDERAL SAVINGS \ BANK OF GRAND ISLAND, of 113 N. Locust St., City of Grand Island, County of Hall, State of Nebraska, herein referred to as beneficiary. The parties recite and declare that: a. Trustor executed a trust deed on March 20, 1998, in favor of beneficiary, which was recorded on March 26, 1998, in the office of the Register of Deeds, of Hall County, State of //as Document No. 98- 102704 Nebraska,rCovering the following described property (as defined in Neb. Rev. State. 76 -201) in Hall County, Nebraska. LOT TWENTY SEVEN (271 WESTWOOD PARK SUBDIVISION, HALL COUNTY, NEBRASKA. b. The above mentioned trust deed was given as security for Loan, described in such trust deed, in the original amount of EIGHT THOUSAND SIX HUNDRED AND NO /100 - -- ($8,600.00) Dollars, executed on March 20, 1998, by trustor in favor of beneficiary. c. Truster desires to obtain a loan in the amount of SIXTY EIGHT THOUSAND AND NO/100--- ($68,000.00) DOLLARS from Equitable Federal Savings Bank of Grand Island, of 113 N. Locust, City of Grand Island, County of Hall, State of Nebraska, herein referred to as lender, but lender requires that such loan be secured by a trust deed that will be prior to the trust deed in favor of beneficiary. d. Beneficiary is willing to subordinate the lien of the trust deeds in their favor insofar as it encumbers the above - described premises, to the trust deed made in favor of lender in order that trustor may obtain such loan from lender. Said Deed of Trust securing lender's lien was recorded on 161,05 , g . aV?0'.t at Book no. Page no. in the Office of the Hall County Register of Deeds. 3 -alias 7 For the reasons set forth above, and in consideration of the mutual covenants and promises of the parties hereto, trustor and beneficiary covenant and agree as follows: