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T <br />N� <br />1 <br />M <br />2 D <br />^ m N <br />S D 4 <br />�_`. <br />n v> <br />o <br />f j <br />D <br />N <br />�aa <br />T <br />CL. <br />�1 <br />N <br />o <br />via <br />L1 <br />N <br />Tt - • <br />N <br />o� <br />N <br />co <br />C:� <br />co <br />C� <br />N <br />CO <br />cc <br />� <br />N <br />AGREEMENT SUBORDINATING EXISTING <br />U <br />c <br />TRUST DEED TO NEW TRUST DEED <br />Agreement made the 12th day of August, 2002, between. Stephen R. Beltzer and <br />Jacqueline R Beltzer, Husband and Wife, of 1407 Stagecoach Rd., Grand Island, Hall County, <br />State of Nebraska, herein referred to as trustor, and Heritage Bank, City of Grand Island, County S <br />of Hall, State of Nebraska, herein referred to as beneficiary. <br />The parties recite and declare that: <br />a. Trustor executed a trust deed on December 21, 2001, in favor of beneficiary, which <br />was recorded on January 2, 2002, 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 NINE (9), BLOCK ONE (1), REPLAT OF RIVERSIDE ACRES SUBDMSION 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 One Hundred Thousand and No /100 - -- ($100,000.00) <br />Dollars, executed on December 21, 2001, by trustor in favor of beneficiary. <br />c. Trustor desires to obtain a loan in the amount of Twenty Two Thousand Five Hundred <br />Four and 08/100 ($22,504.08) -- - - - - -- from Equitable Federal Savings Bank of Grand Island, of <br />113 N. Locust, City of Grand Island, County of Hall, State of Nebraska, herein referred to as <br />lender, but lender requires that such loan be secured by a trust deed that will be prior to the trust <br />deed in 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 lavor 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 August 19, 200 at Document no.02002086,90i 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 />SECTION ONE <br />it <br />