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SECTION ONE 200209028 <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 February 6, 2002, 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 terms of the loan from lender to trustor are as follows: <br />Loan Amount: $74,000.00 <br />Term: 240 MONTHS <br />Initial Rate: 6.000% <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 />In witness whereof, the parties have executed this agreement at Grand Island, Nebraska <br />on AUGUST 28 ,2002. <br />(Beneficiary) <br />The Equitable Building & Loan Association, a <br />Federal Savings Bank, now known as Equitable <br />Federal Savings Bank of Grand Island <br />By >4A4 _ <br />Rick Harbaugh, Presi nt/CEO <br />State of NEBRASKA ) <br />SS. <br />County of HALL ) <br />The foregoing instrument was acknowledged this 28 day of AUGUST 2002, <br />by Rick Harbaugh, President/Chief Executive Officer, of Equitable Federal Savings Bank of <br />Grand Island. <br />ND�ARVS1ale� �Ea \E <br />GENERAL VNV°N URr7 `YI <br />�p KPROm Exp. otary Public <br />M9 tom <br />j1 <br />