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000200973 <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 />SECTION ONE <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 January 4, 2001, in favor of beneficiary, to the <br />trust deed in favor of lender that is being recorded with this agreement. Beneficiary and truster <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 deed 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: $80,000.00 <br />Term: 360 MONTHS 10 /1 ARM <br />Initial Rate: 5.750% <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 JANUARY 18TH — 2002. <br />(Beneficiary) <br />The Equitable Building & Loan Association, a <br />Federal Savings Bank, now known as Equitable <br />Federal Savings Bank of Grand Island <br />By ID, '/ � *fprr✓�_ <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 ?8_F day of JANUARY 2001, <br />by Dave Dohmen, Vice President/Chief Lending Officer, of Equitable Federal Savings Bank of <br />Grand Island. <br />Notary Public <br />GkNk1Ul NOIFHY-5W, of Nepaska <br />EILEEN B. TESMER <br />MY Comm. Eap. Dec. 1.2002 <br />