|
200212G" J 0 AGREEMENT SUBORDINATING EXISTING
<br />TRUST DEED TO NEW TRUST DEED
<br />G
<br />Agreement made the ? day of �) 60 e m a F R , 2002, between ROCKNEY L MUIR and �� o
<br />MARY E MUIR, Husband and Wife, of 804 E. 11TH ST., Grand Island, Hall County, State of
<br />Nebraska, herein referred to as trustor, and HERITAGE BANK, Organized and existing under
<br />the laws of the state of Nebraska, of 1333 N. Webb Rd., City of Grand Island, County of Hall,
<br />State of Nebraska, herein referred to as beneficiary.
<br />The parties recite and declare that:
<br />a. Trustor executed a trust deed on August 1, 2002, in favor of beneficiary, which was
<br />recorded on August 7, 2002, in the office of the Register of Deeds, of Hall County, State of
<br />Nebraska, as Document No. 200208254 covering the following described property (as defined in
<br />Neb. Rev. State. 76 -201) in Hall County, Nebraska.
<br />Lots 8 & 9, Block 2, in Pleasant Hill Addition to the City of Grand 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 Twenty Thousand and NO /100 - -- ($20,000.00) Dollars,
<br />executed on August 1, 2002, by trustor in favor of beneficiary.
<br />c. Trustor desires to obtain a loan in the amount of Seventy Four Thousand Six Hundred
<br />and No /100 ($74,600.00) 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 /Jp mbF� is� ow r at Document
<br />No. d=a —,196,59' , 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 />M
<br />n
<br />c
<br />Z
<br />v
<br />o —1
<br />O
<br />D
<br />f�J
<br />n
<br />=
<br />_j m
<br />CZ=
<br />O
<br />O
<br />ey„
<br />CD
<br />Crl
<br />c
<br />C•
<br />cr)
<br />U-1
<br />CO
<br />Un
<br />200212G" J 0 AGREEMENT SUBORDINATING EXISTING
<br />TRUST DEED TO NEW TRUST DEED
<br />G
<br />Agreement made the ? day of �) 60 e m a F R , 2002, between ROCKNEY L MUIR and �� o
<br />MARY E MUIR, Husband and Wife, of 804 E. 11TH ST., Grand Island, Hall County, State of
<br />Nebraska, herein referred to as trustor, and HERITAGE BANK, Organized and existing under
<br />the laws of the state of Nebraska, of 1333 N. Webb Rd., City of Grand Island, County of Hall,
<br />State of Nebraska, herein referred to as beneficiary.
<br />The parties recite and declare that:
<br />a. Trustor executed a trust deed on August 1, 2002, in favor of beneficiary, which was
<br />recorded on August 7, 2002, in the office of the Register of Deeds, of Hall County, State of
<br />Nebraska, as Document No. 200208254 covering the following described property (as defined in
<br />Neb. Rev. State. 76 -201) in Hall County, Nebraska.
<br />Lots 8 & 9, Block 2, in Pleasant Hill Addition to the City of Grand 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 Twenty Thousand and NO /100 - -- ($20,000.00) Dollars,
<br />executed on August 1, 2002, by trustor in favor of beneficiary.
<br />c. Trustor desires to obtain a loan in the amount of Seventy Four Thousand Six Hundred
<br />and No /100 ($74,600.00) 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 /Jp mbF� is� ow r at Document
<br />No. d=a —,196,59' , 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 />
|