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A. HERITAGE BANK is the owner and holder of a certain Deed of Trust dated April 25,
<br />2001, and filed in the Register of Deeds Office of Hall County, on May 10, 2001, as Document
<br />Number 200104339, of that County, covering, the following described property:
<br />Lot Twelve (12), in Block One (1), Lake Davis Acres Subdivision, Hall County, Nebraska.
<br />B. LENDER is about to loan the sum of Sixty Thousand and No Cents ($60,000.00) on a
<br />Note and Deed of Trust securing such Note to provide for the payment of a Note to LENDER secured
<br />by a Deed of Trust filed against the above described property.
<br />C. To induce LENDER to make such loan, it is necessary that the Deed of Trust held by
<br />HERITAGE BANK, described in Section A above, be subordinated to the lien of the Deed of Trust
<br />about to be made in favor of the LENDER as beneficiary as set forth above as it applies to the above
<br />described property only.
<br />For the reasons set forth above, and consideration of the mutual covenants and promises of the
<br />parties hereto, HERITAGE BANK and LENDER covenant and agree as follows:
<br />1. Subordination. HERITAGE BANK, hereby covenants, consents and agrees
<br />with LENDER that the above - mentioned Deed of Trust is and shall continue to be subject to
<br />and subordinate in lien to the lien of the Deed of Trust about to be made to LENDER stated
<br />above.
<br />2. Consideration In consideration of HERITAGE BANK so subordinating the
<br />Deed of Trust held by it to the Deed of Trust made to LENDER, LENDER shall make the
<br />above described loan to John W. Ell and Cheryl L. Ell, Husband and Wife, secured by a Deed
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<br />AGREEMENT SUBORDINATING A DEED OF TRUST
<br />20021135E
<br />This Agreement is made this 17 day of o crc b r,.. 2002, by and between HERITAGE
<br />BANK, Trustee and Beneficiary, herein referred to as HERITAGE BANK, and Equitable Federal
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<br />Savings Bank of Grand Island, which has a principal place of business in Hall County, Nebraska,
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<br />herein referred to as LENDER.
<br />The parties recite and declare that:
<br />A. HERITAGE BANK is the owner and holder of a certain Deed of Trust dated April 25,
<br />2001, and filed in the Register of Deeds Office of Hall County, on May 10, 2001, as Document
<br />Number 200104339, of that County, covering, the following described property:
<br />Lot Twelve (12), in Block One (1), Lake Davis Acres Subdivision, Hall County, Nebraska.
<br />B. LENDER is about to loan the sum of Sixty Thousand and No Cents ($60,000.00) on a
<br />Note and Deed of Trust securing such Note to provide for the payment of a Note to LENDER secured
<br />by a Deed of Trust filed against the above described property.
<br />C. To induce LENDER to make such loan, it is necessary that the Deed of Trust held by
<br />HERITAGE BANK, described in Section A above, be subordinated to the lien of the Deed of Trust
<br />about to be made in favor of the LENDER as beneficiary as set forth above as it applies to the above
<br />described property only.
<br />For the reasons set forth above, and consideration of the mutual covenants and promises of the
<br />parties hereto, HERITAGE BANK and LENDER covenant and agree as follows:
<br />1. Subordination. HERITAGE BANK, hereby covenants, consents and agrees
<br />with LENDER that the above - mentioned Deed of Trust is and shall continue to be subject to
<br />and subordinate in lien to the lien of the Deed of Trust about to be made to LENDER stated
<br />above.
<br />2. Consideration In consideration of HERITAGE BANK so subordinating the
<br />Deed of Trust held by it to the Deed of Trust made to LENDER, LENDER shall make the
<br />above described loan to John W. Ell and Cheryl L. Ell, Husband and Wife, secured by a Deed
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