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M <br />M <br />T <br />c <br />Z <br />� v <br />M N N <br />i <br />200308614 <br />M y `� <br />n <br />Jj <br />ry <br />c� <br />d <br />w <br />F� c <br />M S r--- <br />M <br />N <br />W <br />N <br />AGREEMENT SUBORDINATING EXISTING <br />TRUST DEED TO NEW TRUST DEED <br />Agreement made the 23rd day of JUNE , 2003, between JOHN M <br />n CJ) <br />c D <br />z -+ <br />M <br />o -*7 <br />r <br />r n <br />D <br />CP <br />N <br />HOGGATT AND MELISSA K HOGGATT, HUSBAND AND WIFE, of 2730 Brentwood <br />Blvd., Grand Island, Hall County, State of Nebraska, herein referred to as trustor, and <br />EQUITABLE FEDERAL SAVINGS BANK OF GRAND ISLAND, of 113 N. Locust St., City <br />of Grand Island, County of Hall, State of Nebraska, herein referred to as beneficiary. <br />The parties recite and declare that: <br />a. Trustor executed a trust deed on May 30, 2002, in favor of beneficiary, which was <br />recorded on May 31, 2002, in the office of the Register of Deeds., as Document No. 200205812, <br />in Hall County, State of Nebraska, covering the following described property (as defined in Neb. <br />Rev. State. 76 -201) in Hall County, Nebraska. <br />LOT NINETEEN (19), BRENTWOOD THIRD SUBDMSION, CITY OF GRAND ISLAND, HALL COUNTY, <br />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 TWENTY -FIVE THOUSAND TWENTY AND 50 1100 - -- <br />($25,020.50) Dollars, executed on May 30, 2002, by trustor in favor of beneficiary. <br />c. Trustor desires to obtain a loan in the amount of One Hundred Seventy -Eight <br />Thousand Five Hundred and No /100 ($178,500.00) Dollars -- from Equitable Federal Savings <br />Bank of Grand Island, of 113 N. Locust, City of Grand Island, County of Hall, State of <br />Nebraska, herein referred to as lender, but lender requires that such loan be secured by a trust <br />deed that will be prior to the trust deed in 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 />N <br />CD <br />CD <br />W <br />o N <br />co 2 <br />Cn <br />F -+ CD <br />1 � <br />O <br />O� <br />in order that trustor may obtain such loan from lender. Said Deed of Trust securing <br />lender's lien was recorded onJ 1 % 4 at Document No. 10 C) <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, trustor and beneficiary covenant and agree as follows: <br />0 <br />