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<br />KNOW ALL MEN BY THESE PRESENTS:
<br />
<br />WHEREAS under date of May 20,2005, James A Martinez, a single person as Trustor,
<br />executed a Deed of Trust to Arend R. Baack, Attorney At Law, Trustee and Axis Capital,
<br />Inc., Beneficiary, covering the following described real property to wit: Lot 2, Toukan
<br />Fourth Subdivision, in the City of Grand Island, Hall County, Nebraska, which Deed of
<br />Trust was in the original amount of$195,162.29 and was recorded on May 23,2005 as
<br />Instrument No. 200504616 in the office of the Register of Deeds of Hall County,
<br />Nebraska.
<br />
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<br />WHEREAS, James A. Martinez, a single person, has applied for and received a loan in
<br />the amount of $430,000.00 from Nebraska Economic Development Corporation/U.S.
<br />Small Business Administration which loan amount is secured by a Deed of Trust on the
<br />above-described real property filed on September 13,2005, as Instrument Number
<br />200508990; and
<br />
<br />WHEREAS, Arend R. Baack, Trustee and Axis Capital, Inc., Beneficiary, are agreeable
<br />to subordinating the Deed of Trust first described above to the Deed of Trust of Nebraska
<br />Economic Development Corporation/U.S. Small Business Administration.
<br />
<br />NOW, THEREFORE IN CONSIDERATION OF THE PREMISES, and the making of
<br />the loan by the aforesaid, and for valuable consideration, Arend R. Baack, Trustee, and
<br />Axis Capital, Inc., Beneficiary, do hereby subordinate the Deed of Trust described first
<br />above to the Deed of Trust in favor of Nebraska Economic Development
<br />Corporation/U.S. Small Business Administration in the amount of $430,000.00 causing
<br />the lien of Arend R. Baack, Trustee, and Axis Capital, Inc., Beneficiary, under the Deed
<br />of Trust described above to be and remain at all times subject, junior, and inferior to the
<br />Deed of Trust of Nebraska Economic Development Corporation/U.S. Small Business
<br />Administration, which shall at all times be a prior, superior, and paramount lien upon the
<br />above-described real estate.
<br />LOT 8, BLOCK 3, SPAULDING AND GREGGS ADDITION TO THE CITY OF
<br />GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />
<br />THE EAST 60 FEET OF LOT 1, BLOCK 3, SPAULDING AND GREGGS ADDITION
<br />TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />
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