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SECTION ONE 200305594 <br />SUBORDINATION <br />As an inducement to lender to grant such loan to trustor, beneficiary and trustor hereby <br />subordinate the above - described trust deed of October 30, 2002, in favor of beneficiary, to the <br />trust deed in favor of lender that is being recorded with this agreement. Beneficiary and trustor <br />further agree that the lien of the trust deed in favor of lender shall be and is in all respects a lien <br />prior and superior to the lien of the trust deeds in favor of beneficiary. <br />SECTION TWO <br />APPROVAL OF LOAN TERMS <br />The terms of the loan from lender to truster are as follows: <br />Loan Amount: $73,000.00 <br />Term: 15 year amortization <br />Rate: 6.500% <br />Beneficiary hereby approves all the terms of such loan. <br />SECTION 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 truster and their respective successors and assigns. <br />In witness whereof, the parties have executed this agreement at Grand Island, Nebraska <br />on APRIL 30 12003. <br />(Lender) <br />EQUITABLE FEDERAL SAVINGS BANK OF <br />GRAND ISLAND <br />By nl J f- hZ,47,-- <br />David Dohmen <br />Vice President/Chief Lending Officer <br />STATE OF NEBRASKA) <br />) SS. <br />COUNTY OF HALL ) <br />The foregoing instrument was acknowledged this 1ST day of MAY , 2003 by David <br />Dobmen, Vice President / Chief Lending Officer, of Equitable Federal Savings Bank of Grand <br />Island, A Corporation, on behalf of the Corporation. <br />GENERAL NOIARYSnIe al Neh�aska Public <br />III` KRFOEYN V ONOEROH <br />My f',1 EAD <br />