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Agreement made the 19th day of MARCH, 2002, between Marvin E. Engleman and Teri
<br />L. Engleman, Husband and Wife, of 825 E. Sunset Ave., Grand Island, Hall County, State of
<br />Nebraska, herein referred to as trustor, and The Equitable Building & Loan Association, a
<br />Federal Savings Bank, now known as EQUITABLE FEDERAL SAVINGS BANK OF GRAND
<br />ISLAND, of 113 N. Locust St., City of Grand Island, County of Hall, State of Nebraska, herein
<br />referred to as beneficiary.
<br />The parties recite and declare that:
<br />a. Trustor executed a trust deed on June 11, 2001, in favor of beneficiary, which was
<br />recorded on June 18, 2001, in the office of the Register of Deeds, of Hall County, State of
<br />Nebraska, as Document No. 200105803 covering the following described property (as defined in
<br />Neb. Rev. State. 76 -201) in Hall County, Nebraska.
<br />LOT FOUR (4), BLOCK THREE (3), PLEASANT VIEW SEVENTH SUBDIVISION TO THE CITY OF GRAND
<br />ISLAND, HALL 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 Nineteen Thousand Five Hundred Thirty -Five and No /100 --
<br />- ($19,535.00) Dollars, executed on June 11, 2001, by trustor in favor of beneficiary.
<br />c. Trustor desires to obtain a loan in the amount of Seventy One Thousand and No /100
<br />($71,000.00) -- - - - - -- from Equitable Federal Savings Bank of Grand Island, of 113 N. Locust,
<br />City of Grand Island, County of Hall, State of Nebraska, herein referred to as lender, but lender
<br />requires that such loan be secured by a trust deed that will be prior to the trust deed in favor of
<br />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 />acoa- 03 a0g
<br />lender's lien was recorded on Mo x-c\\ A, 4M) at Document no. , in the
<br />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:
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<br />AGREEMENT
<br />SUBORDINATING EXISTING
<br />TRUST DEED TO NEW TRUST DEED
<br />200203209
<br />Agreement made the 19th day of MARCH, 2002, between Marvin E. Engleman and Teri
<br />L. Engleman, Husband and Wife, of 825 E. Sunset Ave., Grand Island, Hall County, State of
<br />Nebraska, herein referred to as trustor, and The Equitable Building & Loan Association, a
<br />Federal Savings Bank, now known as EQUITABLE FEDERAL SAVINGS BANK OF GRAND
<br />ISLAND, of 113 N. Locust St., City of Grand Island, County of Hall, State of Nebraska, herein
<br />referred to as beneficiary.
<br />The parties recite and declare that:
<br />a. Trustor executed a trust deed on June 11, 2001, in favor of beneficiary, which was
<br />recorded on June 18, 2001, in the office of the Register of Deeds, of Hall County, State of
<br />Nebraska, as Document No. 200105803 covering the following described property (as defined in
<br />Neb. Rev. State. 76 -201) in Hall County, Nebraska.
<br />LOT FOUR (4), BLOCK THREE (3), PLEASANT VIEW SEVENTH SUBDIVISION TO THE CITY OF GRAND
<br />ISLAND, HALL 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 Nineteen Thousand Five Hundred Thirty -Five and No /100 --
<br />- ($19,535.00) Dollars, executed on June 11, 2001, by trustor in favor of beneficiary.
<br />c. Trustor desires to obtain a loan in the amount of Seventy One Thousand and No /100
<br />($71,000.00) -- - - - - -- from Equitable Federal Savings Bank of Grand Island, of 113 N. Locust,
<br />City of Grand Island, County of Hall, State of Nebraska, herein referred to as lender, but lender
<br />requires that such loan be secured by a trust deed that will be prior to the trust deed in favor of
<br />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 />acoa- 03 a0g
<br />lender's lien was recorded on Mo x-c\\ A, 4M) at Document no. , in the
<br />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 />
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