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Wi <br />9v <br />�I <br />M _ <br />M M <br />i <br />M <br />= N <br />7C \ rn <br />C C� co co <br />o <br />D N O. <br />CD <br />T N CA <br />N ,fit <br />20020'rr72 _ �_ <br />r n N a <br />Q G7 -17 Cn <br />AGREEMENT SUBORDINATING EXISTIVG N <br />TRUST DEED TO NEW TRUST DEED <br />0 <br />Agreement made the1ST day of MARCH , 2002, between Maylon J. Hanson <br />and Karen Hanson, Husband and Wife, of 1917 Stolley Park Circle, Grand Island, Hall County, <br />State of Nebraska, herein referred to as trustor, and The Equitable Building & Loan Association, <br />a Federal Savings Bank, now known as 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 November 07, 2001, in favor of beneficiary, which <br />as Document No. 200111715 <br />was recorded on November 16, 20011 in the office of the Register of Deeds, of Hall County, State <br />of Nebraska, covering the following described property (as defined in Neb. Rev. State. 76 -201) in <br />Hall County, Nebraska. <br />LOT ONE (1), OF PARK GARDENS SECOND SUBDMSION, 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 Fifty Six Thousand Two Hundred Thirty-Six and 70/100 - -- <br />($56,236.70) Dollars, executed on November 07, 2001, by trustor in favor of beneficiary. <br />c. Trustor desires to obtain a loan in the amount of Seventy One Thousand Six Hundred <br />and No /100 ($71,600.00) -- - - - - -- from Equitable Federal Savings Bank of Grand Island, of 113 <br />N. Locust, City of Grand Island, County of Hall, State of Nebraska, herein referred to as lender, <br />but 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 />lender's lien was recorded on M m)G w . _ at Book no. . Page no. <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 />C <br />