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This Agreement is made this 24th day of April , 2003, by and between
<br />0
<br />HERITAGE BANK, Trustee and Beneficiary, herein referred to as HERITAGE BANK, and (� °
<br />Equitable Federal Savings Bank of Grand Island, which has a principal place of business in Hall
<br />County, Nebraska, herein referred to as LENDER.
<br />The parties recite and declare that:
<br />A. HERITAGE BANK is the owner and holder of a certain Deed of Tmst dated June 20,
<br />2001, and filed in the Register of Deeds Office of Hall County, on June 17, 2001, as Document No.
<br />200106198 of that County, covering, the following described property:
<br />THE WESTERLY SEVENTY FEET (W70') OF LOTS EIGHT (S) AND NINE (9) BLOCK ELEVEN (11),
<br />HARRISON'S SUBDIVISION, IN THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA
<br />B. LENDER is about to loan the sum of Fifty Seven Thousand Nine Hundred Fifty
<br />Dollars and No Ccnts ($57,950.00) on a Note and Deed of Trust securing such Note to be filed
<br />against the above described property.
<br />C. To induce LENDER to make such loan, it is necessary that the Deed of Trust held by
<br />HERITAGE BANK, described in Section A above, be subordinated to the lien of the Deed of Trust
<br />about to be made in favor of the LENDER as beneficiary as set forth above as it applies to the above
<br />described property only.
<br />For the reasons set forth above, and consideration of the mutual covenants and promises of the
<br />parties hereto, HERITAGE BANK and LENDER covenant and agree as follows:
<br />1. Subordination. HERITAGE BANK, hereby covenants, consents and agrees with
<br />LENDER that the above - mentioned Deed of Trust is and shall continue to be
<br />subject to and subordinate in lien to the lien of the Deed of Trust about to be made
<br />to LENDER stated above.
<br />2. Consideration. In consideration of HERITAGE BANK so subordinating the Deed
<br />of Trust held by it to the Deed of Trust made to LENDER, LENDER shall make
<br />the above described loan to Thomas O. Eastwood and Angela
<br />S. Eastwood, Husband and Wife, secured by a Deed of Trust identified as
<br />document Number,20ft> —t) j?61 filed on mati in the
<br />Register of Deeds Office of Hall County, Nebraska.
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<br />AGREEMENT
<br />SUBORDINATING A DEED OF TRUST
<br />This Agreement is made this 24th day of April , 2003, by and between
<br />0
<br />HERITAGE BANK, Trustee and Beneficiary, herein referred to as HERITAGE BANK, and (� °
<br />Equitable Federal Savings Bank of Grand Island, which has a principal place of business in Hall
<br />County, Nebraska, herein referred to as LENDER.
<br />The parties recite and declare that:
<br />A. HERITAGE BANK is the owner and holder of a certain Deed of Tmst dated June 20,
<br />2001, and filed in the Register of Deeds Office of Hall County, on June 17, 2001, as Document No.
<br />200106198 of that County, covering, the following described property:
<br />THE WESTERLY SEVENTY FEET (W70') OF LOTS EIGHT (S) AND NINE (9) BLOCK ELEVEN (11),
<br />HARRISON'S SUBDIVISION, IN THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA
<br />B. LENDER is about to loan the sum of Fifty Seven Thousand Nine Hundred Fifty
<br />Dollars and No Ccnts ($57,950.00) on a Note and Deed of Trust securing such Note to be filed
<br />against the above described property.
<br />C. To induce LENDER to make such loan, it is necessary that the Deed of Trust held by
<br />HERITAGE BANK, described in Section A above, be subordinated to the lien of the Deed of Trust
<br />about to be made in favor of the LENDER as beneficiary as set forth above as it applies to the above
<br />described property only.
<br />For the reasons set forth above, and consideration of the mutual covenants and promises of the
<br />parties hereto, HERITAGE BANK and LENDER covenant and agree as follows:
<br />1. Subordination. HERITAGE BANK, hereby covenants, consents and agrees with
<br />LENDER that the above - mentioned Deed of Trust is and shall continue to be
<br />subject to and subordinate in lien to the lien of the Deed of Trust about to be made
<br />to LENDER stated above.
<br />2. Consideration. In consideration of HERITAGE BANK so subordinating the Deed
<br />of Trust held by it to the Deed of Trust made to LENDER, LENDER shall make
<br />the above described loan to Thomas O. Eastwood and Angela
<br />S. Eastwood, Husband and Wife, secured by a Deed of Trust identified as
<br />document Number,20ft> —t) j?61 filed on mati in the
<br />Register of Deeds Office of Hall County, Nebraska.
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