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<br />AGREEMENT SUBORDINATING EXISTING
<br />TRUST DEED TO NEW TRUST DEED
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<br />Agreement made the 3RD day of AUGUST , 2005, between ROBERT J. PRINCE AND
<br />JEANNE K. PRINCE, HUSBAND AND WIFE, of 4151 W LOUP RIVER RD., GRAND
<br />ISLAND, HALL COUNTY, State of Nebraska, herein referred to as trustor, Equitable Federal
<br />Savings Bank of Grand Island, of 113 N. Locust, Grand Island, Hall County, Nebraska, herein
<br />referred to as beneficiary.
<br />The parties recite and declare that:
<br />a. Trustor executed a trust deed on December 26, 2002, in favor of beneficiary, which
<br />was recorded on January 6, 2003, in the office of the Register of Deeds, of Hall County, State of
<br />Nebraska, as Document No. 200300153 covering the following described property (as defined in
<br />Neb. Rev. State. 76 -201) in Hall County, Nebraska.
<br />A TRACT OF LAND COMPRISING A PART OF THE WEST HALF OF THE NORTHEAST QUARTER
<br />(Wi /2NE1/4) OF SECTION TWO (2), TOWNSHIP TWELVE (12) NORTH, RANGE TEN (10)
<br />WEST OF THE 6T" P.M., HALL COUNTY, NEBRASKA, AND MORE PARTICULARLY DESCRIBED AS
<br />FOLLOWS: BEGINNING AT THE NORTHWEST CORNER OF SAID NORTHEAST QUARTER
<br />(NE1 /4); THENCE EASTERLY ALONG AND UPON THE NORTH LINE OF SAID NORTHEAST
<br />QUARTER (NE1 /4), A DISTANCE OF SEVEN HUNDRED SIXTY -EIGHT (768.0) FEET; THENCE
<br />SOUTHERLY, PARALLEL WITH THE WEST LINE OF SAID NORTHEAST QUARTER (NE1 /4), A
<br />DISTANCE OF SIX HUNDRED SIXTEEN (616.0) FEET; THENCE WESTERLY, PARALLEL WITH
<br />THE NORTH LINE OF SAID NORTHEAST QUARTER (NE1 /4), A DISTANCE OF SEVEN HUNDRED
<br />SIXTY -EIGHT (768.0) FEET TO A POINT ON THE WEST LINE OF SAID NORTHEAST QUARTER
<br />(NE1 /4); THENCE NORTHERLY ALONG AND UPON THE WEST LINE OF SAID NORTHEAST
<br />QUARTER (NE1 /4), A DISTANCE OF SIX HUNDRED SIXTEEN (616.0) FEET TO THE POINT OF
<br />BEGINNING.
<br />b. The above mentioned trust deed was given as security for Loan, described in such
<br />trust deed, in the original amount of Fourteen Thousand Eight Hundred and No/ 100 - --
<br />($14,800.00) Dollars, executed on December 26, 2002, by trustor in favor of beneficiary.
<br />c. Trustor desires to obtain a loan in the amount of Seventy Thousand Eight Hundred
<br />and No/] 00 ($70,800.00) from EQUITABLE FEDERAL SAVINGS BANK OF GRAND
<br />ISLAND, 113 -115 N. Locust St., City of Grand Island, County of Hall, State of Nebraska, herein
<br />referred to as lender, but lender requires that such loan be secured by a trust deed that will be
<br />prior to the trust deed in favor of beneficiary.
<br />d. Beneficiary is willing to subordinate the lien of the trust deed in their favor insofar as
<br />it encumbers the above - described premises, to the trust deed made in favor of lender in order that
<br />trustor may obtain such loan from lender. Said Deed of Trust securing lender's lien was recorded
<br />ont-� . t _�� at Document No.pk!�� Q , in the
<br />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 />TRUST DEED TO NEW TRUST DEED
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<br />Cn
<br />Agreement made the 3RD day of AUGUST , 2005, between ROBERT J. PRINCE AND
<br />JEANNE K. PRINCE, HUSBAND AND WIFE, of 4151 W LOUP RIVER RD., GRAND
<br />ISLAND, HALL COUNTY, State of Nebraska, herein referred to as trustor, Equitable Federal
<br />Savings Bank of Grand Island, of 113 N. Locust, Grand Island, Hall County, Nebraska, herein
<br />referred to as beneficiary.
<br />The parties recite and declare that:
<br />a. Trustor executed a trust deed on December 26, 2002, in favor of beneficiary, which
<br />was recorded on January 6, 2003, in the office of the Register of Deeds, of Hall County, State of
<br />Nebraska, as Document No. 200300153 covering the following described property (as defined in
<br />Neb. Rev. State. 76 -201) in Hall County, Nebraska.
<br />A TRACT OF LAND COMPRISING A PART OF THE WEST HALF OF THE NORTHEAST QUARTER
<br />(Wi /2NE1/4) OF SECTION TWO (2), TOWNSHIP TWELVE (12) NORTH, RANGE TEN (10)
<br />WEST OF THE 6T" P.M., HALL COUNTY, NEBRASKA, AND MORE PARTICULARLY DESCRIBED AS
<br />FOLLOWS: BEGINNING AT THE NORTHWEST CORNER OF SAID NORTHEAST QUARTER
<br />(NE1 /4); THENCE EASTERLY ALONG AND UPON THE NORTH LINE OF SAID NORTHEAST
<br />QUARTER (NE1 /4), A DISTANCE OF SEVEN HUNDRED SIXTY -EIGHT (768.0) FEET; THENCE
<br />SOUTHERLY, PARALLEL WITH THE WEST LINE OF SAID NORTHEAST QUARTER (NE1 /4), A
<br />DISTANCE OF SIX HUNDRED SIXTEEN (616.0) FEET; THENCE WESTERLY, PARALLEL WITH
<br />THE NORTH LINE OF SAID NORTHEAST QUARTER (NE1 /4), A DISTANCE OF SEVEN HUNDRED
<br />SIXTY -EIGHT (768.0) FEET TO A POINT ON THE WEST LINE OF SAID NORTHEAST QUARTER
<br />(NE1 /4); THENCE NORTHERLY ALONG AND UPON THE WEST LINE OF SAID NORTHEAST
<br />QUARTER (NE1 /4), A DISTANCE OF SIX HUNDRED SIXTEEN (616.0) FEET TO THE POINT OF
<br />BEGINNING.
<br />b. The above mentioned trust deed was given as security for Loan, described in such
<br />trust deed, in the original amount of Fourteen Thousand Eight Hundred and No/ 100 - --
<br />($14,800.00) Dollars, executed on December 26, 2002, by trustor in favor of beneficiary.
<br />c. Trustor desires to obtain a loan in the amount of Seventy Thousand Eight Hundred
<br />and No/] 00 ($70,800.00) from EQUITABLE FEDERAL SAVINGS BANK OF GRAND
<br />ISLAND, 113 -115 N. Locust St., City of Grand Island, County of Hall, State of Nebraska, herein
<br />referred to as lender, but lender requires that such loan be secured by a trust deed that will be
<br />prior to the trust deed in favor of beneficiary.
<br />d. Beneficiary is willing to subordinate the lien of the trust deed in their favor insofar as
<br />it encumbers the above - described premises, to the trust deed made in favor of lender in order that
<br />trustor may obtain such loan from lender. Said Deed of Trust securing lender's lien was recorded
<br />ont-� . t _�� at Document No.pk!�� Q , in the
<br />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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