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<br />AGREEMENT SUBORDINATING A DEED OF TRUST
<br />This Agreement is made this day of oC rkl3e , 2003, by and between
<br />Heritage Bank, Trustee and Beneficiary, herein referred to as HERITAGE BANK, and Equitable
<br />Federal Savings Bank of Grand Island, which has a principal place of business in Hall County,
<br />Nebraska, 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
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<br />Trust dated December 21, 2001, and filed in the Register of Deeds Office of Hall County, on January
<br />2, 2002, as Document No. 200200016 of that County, covering, the following described property:
<br />LOT NINE (9), IN BLOCK ONE (1) REPLAT OF RIVERSIDE ACRES SUBDIVISION TO THE CITY OF GRAND
<br />ISLAND, HALL COUNTY, NEBRASKA..
<br />B. LENDER is about to loan the sum of Three Hundred Seventy Eight Thousand Seventy
<br />Dollars and Fifty Cents ($378,070.50) on two notes and Deeds of Trust securing such Notes to be
<br />filed against the above described property.
<br />C. To induce LENDER to make such loans, it is necessary that the Deed of Trust held by
<br />HERITAGE BANK, described in Section A above, be subordinated to the liens of the Deeds 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 with
<br />LENDER that the above - mentioned Deed of Trust is and shall continue to be
<br />subject to and subordinate in lien to the liens of the Deeds of Trust about to be
<br />made to LENDER stated above.
<br />2. Consideration. In consideration of HERITAGE BANK so subordinating the Deed
<br />of Trust held by it to the Deeds of Trust made to LENDER, LENDER shall make
<br />the above described loans to Stephen R Beltzer and Jacqueline R Beltzer, Husband
<br />and Wife, secured by a Deed of Trust identified as document Numbers
<br />and — 5 _ filed on () C40 9 A d�llj
<br />in the Register of Deeds Office of Hall County, Nebraska.
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<br />AGREEMENT SUBORDINATING A DEED OF TRUST
<br />This Agreement is made this day of oC rkl3e , 2003, by and between
<br />Heritage Bank, Trustee and Beneficiary, herein referred to as HERITAGE BANK, and Equitable
<br />Federal Savings Bank of Grand Island, which has a principal place of business in Hall County,
<br />Nebraska, 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
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<br />Trust dated December 21, 2001, and filed in the Register of Deeds Office of Hall County, on January
<br />2, 2002, as Document No. 200200016 of that County, covering, the following described property:
<br />LOT NINE (9), IN BLOCK ONE (1) REPLAT OF RIVERSIDE ACRES SUBDIVISION TO THE CITY OF GRAND
<br />ISLAND, HALL COUNTY, NEBRASKA..
<br />B. LENDER is about to loan the sum of Three Hundred Seventy Eight Thousand Seventy
<br />Dollars and Fifty Cents ($378,070.50) on two notes and Deeds of Trust securing such Notes to be
<br />filed against the above described property.
<br />C. To induce LENDER to make such loans, it is necessary that the Deed of Trust held by
<br />HERITAGE BANK, described in Section A above, be subordinated to the liens of the Deeds 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 with
<br />LENDER that the above - mentioned Deed of Trust is and shall continue to be
<br />subject to and subordinate in lien to the liens of the Deeds of Trust about to be
<br />made to LENDER stated above.
<br />2. Consideration. In consideration of HERITAGE BANK so subordinating the Deed
<br />of Trust held by it to the Deeds of Trust made to LENDER, LENDER shall make
<br />the above described loans to Stephen R Beltzer and Jacqueline R Beltzer, Husband
<br />and Wife, secured by a Deed of Trust identified as document Numbers
<br />and — 5 _ filed on () C40 9 A d�llj
<br />in the Register of Deeds Office of Hall County, Nebraska.
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