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SECTION ONE 200303179 <br />SUBORDINATION <br />As an inducement to lender to grant such loan to trustor, beneficiary and truster hereby <br />subordinate the above - described trust deed of May 31, 2002, in favor of beneficiary, to the trust <br />deed in favor of lender that is being recorded with this agreement. Beneficiary and trustor further <br />agree that the lien of the trust deed in favor of lender shall be and is in all respects a lien prior <br />and superior to the lien of the trust deed in favor of beneficiary. <br />SECTION TWO <br />APPROVAL OF LOAN TERMS <br />The terms of the loan from lender to trustor no as follows: <br />Loan Amount: $77,000.00 <br />'Fenn: 180 MONTIIS CONV. <br />Initial Rate: 5.750% <br />Beneficiary hereby approves all the terms of such loan. <br />SEC'T'ION THREE <br />INUREMENT: BINDING EFFECT <br />This agreement shall inure to the benefit of lender, its successors and assigns, and shall be <br />binding on beneficiary and trustor and their respective successors and assigns. <br />in witness whereof, the parties have executed this agreement at Grand Island, Nebraska <br />on MARCH 13 <br />,2003. <br />(Beneficiary) <br />Equitable Federal Savings Bank of Grand Island <br />By /a,. / [— ,,-,mss_ <br />David Dohmen, Vice President <br />Chief Lending Officer <br />State of NEBRASKA ) <br />SS. <br />County of HALL ) <br />The foregoing instrument was acknowledged this 13TH day of MARCH , 2003, <br />by David Dolunen, Vice President /Chief Lending Officer, of Equitable Federal Savings Bank of <br />Grand island. <br />UMW <br />NNew <br />EILEEN 6 TESMER <br />MY C-- SW, aeu 1, 2066 <br />