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The parties recite and declare that:
<br />a. Truster executed a trust deed on August 10, 2001, in favor of beneficiary, which was
<br />recorded on August 16, 2001, in the office of the Register of Deeds, as Document No. 0200108226
<br />of Halt County, State of Nebraska, covering the following described property (as defined in Neb.
<br />Rev. State. 76 -201) in Hall County, Nebraska.
<br />LOT (7), RAINBOW LAKE SECOND SUBDMSION, HALL COUNTY, NEBRASKA.
<br />b. The above mentioned trust deed was given as security for Loan, described in such
<br />tmst deed, in the original amount of Twelve Thousand Seventy and 501100 - -- ($12,070.50)
<br />Dollars, executed on August 10, 2001, by trustor in favor of beneficiary.
<br />c. Truslor desires to obtain a loan in the amount of One Hundred Six Thousand and
<br />NoM 00 ($106,000.00) -- - - - - -- from Equitable Federal Savings Bank of Grand Island, of 113N.
<br />Locust, City of Grand Island, County of Hall, State of Nebraska, herein referred to as lender, but
<br />lender requires that such loan be secured by a trust deed that will be prior to the trust deed in
<br />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 trustor may obtain such loan from lender. Said Deed of Trust securing
<br />lender's lien was recorded on r�U naLa-" 31, -XLQl at Document No.
<br />,y1'�j' .� - Q 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 />2 0 0 3 012 2 .S TRUST DEED TO NEW TRUST DEED
<br />Agreement made the 27TH day of JANUARY , 2003, between Raymond B Jelinek
<br />and Cynthia S Jelinek, Husband and Wife, of 1703 Bass Rd., Grand Island, Hall County, State of
<br />Nebraska, herein referred to as trustor, and EQUITABLE FEDERAL SAVINGS BANK OF
<br />GRAND ISLAND, of 113 N. Locust St., City of Grand Island, County of Hall, State of
<br />Nebraska, herein referred to as beneficiary.
<br />The parties recite and declare that:
<br />a. Truster executed a trust deed on August 10, 2001, in favor of beneficiary, which was
<br />recorded on August 16, 2001, in the office of the Register of Deeds, as Document No. 0200108226
<br />of Halt County, State of Nebraska, covering the following described property (as defined in Neb.
<br />Rev. State. 76 -201) in Hall County, Nebraska.
<br />LOT (7), RAINBOW LAKE SECOND SUBDMSION, HALL COUNTY, NEBRASKA.
<br />b. The above mentioned trust deed was given as security for Loan, described in such
<br />tmst deed, in the original amount of Twelve Thousand Seventy and 501100 - -- ($12,070.50)
<br />Dollars, executed on August 10, 2001, by trustor in favor of beneficiary.
<br />c. Truslor desires to obtain a loan in the amount of One Hundred Six Thousand and
<br />NoM 00 ($106,000.00) -- - - - - -- from Equitable Federal Savings Bank of Grand Island, of 113N.
<br />Locust, City of Grand Island, County of Hall, State of Nebraska, herein referred to as lender, but
<br />lender requires that such loan be secured by a trust deed that will be prior to the trust deed in
<br />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 trustor may obtain such loan from lender. Said Deed of Trust securing
<br />lender's lien was recorded on r�U naLa-" 31, -XLQl at Document No.
<br />,y1'�j' .� - Q 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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