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= <br />T <br />\ <br />m N <br />M <br />T <br />Z <br />N <br />C <br />°' <br />m <br />O <br />rt <br />N <br />m <br />2 <br />AGREEMENT SUBORDINATING EXISTING <br />" <br />a <br />TRUST DEED TO NEW TRUST DEED <br />200301413 <br />Agreement made the29TH day of JANUARY , 2003, between ROBERT F RIESSLAND <br />and LOUCILLE M RIESSLAND, Husband and Wife, of 2322 W. 18th, Grand Island, Hall <br />County, State of Nebraska, herein referred to as truster, and The Equitable Building and Loan <br />Association of Grand Island, now known as Equitable Federal Savings Bank of Grand Island, of <br />113 N. Locust, 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 September 30, 1998, in favor of beneficiary, which <br />was recorded on September 30, 1998, in the office of the Register of Deeds, of Hall County, <br />State of Nebraska, as Document No. 98- 109508 covering the following described property (as <br />defined in Neb. Rev. State. 76 -201) in Hall County, Nebraska. <br />LOT TWO (2), RIESSLAND SUBDMSION, 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 />tmst deed, in the original amount of Fifty -Two Thousand and NO /100 - -- ($52,000.00) Dollars, <br />executed on September 30, 1998, by truster in favor of beneficiary. <br />c. Truster desires to obtain a loan in the amount of Sixty -Six Thousand Four Hundred <br />and No /100 ($66,400.00) from EQUITABLE FEDERAL SAVINGS BANK OF GRAND <br />ISLAND, 113 -115 N. Locust St., City of Grand Island, County of Hall, State of Nebraska, herein <br />referred to as lender, but lender requires that such loan be secured by a trust deed that will be <br />prior to the trust deed in favor of beneficiary. <br />d. Beneficiary is willing to subordinate the lien of the trust 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 truster may obtain such loan from lender. Said Deed of Trust securing <br />lender's lien was recorded on %Odruury 3 , �(���1 at Document <br />i� <br />No. 4803 -10133 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, trustor and beneficiary covenant and agree as follows: <br />