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200208782 <br />SUBORDINATION <br />As an inducement to lender to grant such loan to trustor, beneficiary and trustor hereby <br />subordinate the above - described trust deed of December 21 2001, in favor of beneficiary, to the <br />trust deed in favor of lender that is being recorded with this agreement. Beneficiary and trustor <br />further agree that the lien of the trust deed in favor of lender shall be and is in all respects a lien <br />prior and superior to the lien of the trust deed in favor of beneficiary. <br />SECTION TWO <br />APPROVAL OF LOAN TERMS <br />The tenns of the loan fi-om lender to trustor are as follows: <br />Loan Amount: $22,504.58 <br />Tenn: 10 year amen /5 yr balloon <br />Initial Rate: 8.35% <br />Beneficiary hereby approves all the terms of such loan. <br />SECTION THREE <br />INUREMENT: BINDING EFFECT <br />This agreement shall inure to the benefit of lender, its successors and assigns, and shall be <br />binding on beneficiary and trustor and their respective successors and assigns. <br />I witness whereof, the parties have executed this agreement at Grand Island, Nebraska <br />2 <br />on l7i 2002. <br />(Beneficiary and Trustee) <br />Heritage Bank <br />By <br />State of NEBRASKA ) <br />SS. <br />County of HALL ) <br />The foregoing instrument was acknowledged this 1 1'— day of (k,(.f 2002, <br />by <br />IMti.AA.C� <br />Notary Public III GENERAL NOTARY-State ofNebraska <br />MICHELLE L. HUNT <br />My Comm. Ev. Aug, 16, 2003 <br />(Lender) <br />EQUITABLE FEDERAL SAVINGS BANK <br />OF GRAND ISLAND <br />By ntdt <br />David Dohmen --- — <br />Vice President /Chief Lending Officer <br />