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The parties recite and declare that:
<br />a. Trustor executed a trust deed on October 15, 2001, in favor of beneficiary, which was
<br />recorded on October 22, 2001, in the office of the Register of Deeds, as Document No.
<br />200110704, in Hall County, State of Nebraska, covering the following described property (as
<br />defined in Neb. Rev. State. 76 -201) in Hall County, Nebraska.
<br />LOT FOUR (4), BLOCK TWO (2) BRENTWOOD 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 FIFTEEN THOUSAND AND NO /100 - -- ($15,000.00)
<br />Dollars, executed on October 15, 2001, by trustor in favor of beneficiary.
<br />c. Truster desires to obtain a loan in the amount of Fifty Thousand Five Hundred and
<br />No /100 ($50,500.00) Dollars -- from Equitable Federal Savings Bank of Grand Island, of 113 N.
<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 />I'I o1
<br />lender's lien was recorded on by a�3 at Document No. aM3 —tO 3q
<br />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
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<br />TRUST DEED TO NEW TRUST DEED
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<br />200303490
<br />Agreement made the 18TH day of MARCH , 2003, between DIANE
<br />BREMSETH, an unmarried person, of 3136 Woodridge Blvd, Grand Island, Hall County, State
<br />of Nebraska, herein referred to as truster, 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. Trustor executed a trust deed on October 15, 2001, in favor of beneficiary, which was
<br />recorded on October 22, 2001, in the office of the Register of Deeds, as Document No.
<br />200110704, in Hall County, State of Nebraska, covering the following described property (as
<br />defined in Neb. Rev. State. 76 -201) in Hall County, Nebraska.
<br />LOT FOUR (4), BLOCK TWO (2) BRENTWOOD 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 FIFTEEN THOUSAND AND NO /100 - -- ($15,000.00)
<br />Dollars, executed on October 15, 2001, by trustor in favor of beneficiary.
<br />c. Truster desires to obtain a loan in the amount of Fifty Thousand Five Hundred and
<br />No /100 ($50,500.00) Dollars -- from Equitable Federal Savings Bank of Grand Island, of 113 N.
<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 />I'I o1
<br />lender's lien was recorded on by a�3 at Document No. aM3 —tO 3q
<br />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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