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<br />AGREEMENT SUBORDINATING EXISTING
<br />20020948 7 TRUST DEED TO NEW TRUST DEED
<br />Agreement made the 4TH day of SEPTEMBER , 2002, between ROSS E. LYON and
<br />CASSONDRA D. LYON, Husband and Wife, of it 145 Ponderosa Dr., Grand Island, Hall
<br />County, State of Nebraska, herein referred to as trustor, and The Equitable Building & Loan
<br />Association, a Federal Savings Bank, now known as EQUITABLE FEDERAL SAVINGS
<br />BANK OF GRAND ISLAND, of 113 N. Locust St., City of Grand Island, County of Hall, State
<br />of Nebraska, herein referred to as beneficiary.
<br />The parties recite and declare that:
<br />a. Trustor executed a trust deed on May 21, 2002, in favor of beneficiary, which was
<br />recorded on May 29, 2002, in the office of the Register of Deeds, of Hall County, State of
<br />Nebraska, as Document No. 200205681 covering the following described property (as defined in
<br />Neb. Rev. State. 76 -201) in Hall County, Nebraska.
<br />Lot Six (6), Block Two (2), Ponderosa Lake Estates Third Subdivision, an Addition 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 Sixteen Thousand Seven Hundred Eight -Six and 59/100 - --
<br />($16,786.59) Dollars, executed on May 21, 2002, by trustor in favor of beneficiary.
<br />c. Truster desires to obtain a loan in the amount of One Hundred Forty-One Thousand
<br />and No /100 ($141,000.00) 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 .�P_o�eT bel 9, d t�o)� at Document
<br />No. a602-OQY&2 , 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:
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<br />AGREEMENT SUBORDINATING EXISTING
<br />20020948 7 TRUST DEED TO NEW TRUST DEED
<br />Agreement made the 4TH day of SEPTEMBER , 2002, between ROSS E. LYON and
<br />CASSONDRA D. LYON, Husband and Wife, of it 145 Ponderosa Dr., Grand Island, Hall
<br />County, State of Nebraska, herein referred to as trustor, and The Equitable Building & Loan
<br />Association, a Federal Savings Bank, now known as EQUITABLE FEDERAL SAVINGS
<br />BANK OF GRAND ISLAND, of 113 N. Locust St., City of Grand Island, County of Hall, State
<br />of Nebraska, herein referred to as beneficiary.
<br />The parties recite and declare that:
<br />a. Trustor executed a trust deed on May 21, 2002, in favor of beneficiary, which was
<br />recorded on May 29, 2002, in the office of the Register of Deeds, of Hall County, State of
<br />Nebraska, as Document No. 200205681 covering the following described property (as defined in
<br />Neb. Rev. State. 76 -201) in Hall County, Nebraska.
<br />Lot Six (6), Block Two (2), Ponderosa Lake Estates Third Subdivision, an Addition 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 Sixteen Thousand Seven Hundred Eight -Six and 59/100 - --
<br />($16,786.59) Dollars, executed on May 21, 2002, by trustor in favor of beneficiary.
<br />c. Truster desires to obtain a loan in the amount of One Hundred Forty-One Thousand
<br />and No /100 ($141,000.00) 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 .�P_o�eT bel 9, d t�o)� at Document
<br />No. a602-OQY&2 , 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 />
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