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200209487 <br />SECTION ONE <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 May 21, 2002, in favor of beneficiary, to the trust <br />deed in favor of lender that is being recorded with this agreement. Beneficiary and trustor further <br />agree that the lien of the trust deed in favor of lender shall be and is in all respects a lien prior <br />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 $141,000.00 <br />Term: 240 MONTHS <br />Initial Rate: 6.125% <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 SEPTEMBER 4, 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 />B '%� �_ <br />David Dohmen, Vice President <br />Chief Lending Officer <br />State of NEBRASKA ) <br />SS. <br />County of HALL, ) <br />The foregoing instrument was acknowledged this 4TH day of SEPTEMBER , 2002, <br />by Dave Dohmen, Vice President /Chief Lending Officer, of Equitable Federal Savings Bank of <br />Grand Island. <br />E NLNAL NOTARY ""' 01 NebmsM <br />..... B. TESMER <br />My G,Mm. Up. Dec 1, 2002 <br />