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<br />AGREEMENT SUBORDINATING EXISTING
<br />2 O U 2 Q 7 S 8S TRUST DEED TO NEW TRUST DEED
<br />Agreement made the 29%ay of JULY 2002, between Joseph R }�
<br />Dobrovolny and Pamela K. Dobrovolny, Husband and Wife, of 3007 Brentwood Ct., Grand
<br />Island, Hall County, State of Nebraska, herein referred to as trustor, and The Equitable Building
<br />& Loan Association, a Federal Savings Bank, now known as EQUITABLE FEDERAL
<br />SAVINGS BANK OF GRAND ISLAND, of 113 N. Locust St., City of Grand Island, County of
<br />Hall, State of Nebraska, herein referred to as beneficiary.
<br />The parties recite and declare that:
<br />a. Trustor executed a trust deed on June 29, 2001, in favor of beneficiary, which was
<br />recorded on July 9, 2001, in the office of the Register of Deeds, of Hall County, State of
<br />Nebraska, as Document No. 0200106656 covering the following described property (as defined
<br />in Neb. Rev. State. 76 -201) in Hall County, Nebraska.
<br />LOT NINETEEN (19), BLOCK FOUR (4), BRENTWOOD SUBDMSION, IN THE C17Y OF GRAND ISLAND,
<br />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 Sixteen Thousand and No /100 - -- (516,000.00) Dollars,
<br />executed on June 29, 2001, by trustor in favor of beneficiary.
<br />c. Trustor desires to obtain a loan in the amount of One Hundred Twenty Thousand and
<br />No/ 100 (S 120,000.00) -- - - - - -- from Equitable Federal Savings Bank of Grand Island, of 113 N.
<br />Locust, City of Grand Island, County of Hall, State of Nebraska, herein referred to as lender, but
<br />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 r" � 20Ua at Document no. 3�a C
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<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 SUBORDINATING EXISTING
<br />2 O U 2 Q 7 S 8S TRUST DEED TO NEW TRUST DEED
<br />Agreement made the 29%ay of JULY 2002, between Joseph R }�
<br />Dobrovolny and Pamela K. Dobrovolny, Husband and Wife, of 3007 Brentwood Ct., Grand
<br />Island, Hall County, State of Nebraska, herein referred to as trustor, and The Equitable Building
<br />& Loan Association, a Federal Savings Bank, now known as EQUITABLE FEDERAL
<br />SAVINGS BANK OF GRAND ISLAND, of 113 N. Locust St., City of Grand Island, County of
<br />Hall, State of Nebraska, herein referred to as beneficiary.
<br />The parties recite and declare that:
<br />a. Trustor executed a trust deed on June 29, 2001, in favor of beneficiary, which was
<br />recorded on July 9, 2001, in the office of the Register of Deeds, of Hall County, State of
<br />Nebraska, as Document No. 0200106656 covering the following described property (as defined
<br />in Neb. Rev. State. 76 -201) in Hall County, Nebraska.
<br />LOT NINETEEN (19), BLOCK FOUR (4), BRENTWOOD SUBDMSION, IN THE C17Y OF GRAND ISLAND,
<br />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 Sixteen Thousand and No /100 - -- (516,000.00) Dollars,
<br />executed on June 29, 2001, by trustor in favor of beneficiary.
<br />c. Trustor desires to obtain a loan in the amount of One Hundred Twenty Thousand and
<br />No/ 100 (S 120,000.00) -- - - - - -- from Equitable Federal Savings Bank of Grand Island, of 113 N.
<br />Locust, City of Grand Island, County of Hall, State of Nebraska, herein referred to as lender, but
<br />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 r" � 20Ua at Document no. 3�a C
<br />in g�9
<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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