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t <br />rn <br />T <br />n <br />> c <br />m c>i� <br />ALI <br />I <br />c <br />N <br />m <br />CIJ <br />CAD <br />cn <br />r <br />AGREEMENT SUBORDINATING EXISTING <br />200205051 DEED OF TRUST TO NEW TRUST DEED <br />C> <br />rn <br />n� m <br />r <br />a <br />Agreement made the 1 st day of May, 2002, between Joel R. Wiegand and Terry R. <br />Wiegand, Husband and Wife, 240 Lakeside Dr., Grand Island, Hall County, Nebraska, herein <br />referred to as Trustor, and Equitable Federal Savings Bank of Grand Island, herein referred to as <br />Beneficiary. <br />The parties recite and declare that: <br />a. Joel R. Wiegand and Terry R. Wiegand executed a Deed of Trust on January 10, 2002 <br />in favor of Beneficiary, which was recorded on January 18, 2002, in the office of the Register of <br />Deeds of Hall County, State of Nebraska, as Document No. 0200200784, covering the following <br />described property: <br />Lot Thirty- -one (31), Hidden Lakes Fourth Subdivision, Hall County, Nebraska. <br />b. The above mentioned Deed of Trust was given as security for a Loan, described in <br />such Deed of Trust, in the amount of Sixteen Thousand Two Hundred and No/100--- <br />($16,200.00) Dollars, executed on January 10, 2002, by Trustor in favor of <br />Beneficiary. <br />c. Trustor has obtained a loan in the amount of One Hundred Fifteen Thousand and <br />No /100 - ($115,000.00) -- from Equitable Federal Savings Bank of Grand Island, P.O. Box 160, <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 Deed of Trust in favor <br />of Beneficiary. <br />d. Beneficiary is willing to subordinate the lien of the Deed of Trust in their favor <br />insofar as it encumbers the above - described premises, to the trust deed made in favor <br />of lender in order that Trustor may have a proper priority of such loan from lender. <br />Said Deed of Trust securing lender's lien was recorded as Document No. <br />0200200788, 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 />O <br />N <br />O <br />O <br />N <br />0 <br />cn <br />0 <br />cn <br />co <br />'_l <br />y <br />0 <br />