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<br />..-- AGREEMENT SUBORDINATING EXISTING /0.60
<br /> TRUST DEED TO NEW TRUST DEED
<br />
<br />
<br />
<br />
<br />Agreement made the 26TH day of JUL Y. 2007 between DANIEL L HAYS
<br />AND KRISTY A HAYS, HUSBAND AND WIFE, of 707 N MCGUIRE RD, WOOD RIVER
<br />NEBRASKA, HALL COUNTY, State of Nebraska, herein referred to as trustor, Equitable Bank,
<br />formerly known as, Equitable Federal Savings Bank of Grand Island, formerly known as The
<br />Equitable Building and Loan Assoication of Grand Island, Nebraska, of 113-115 N. Locust St.,
<br />Grand Island, Hall County, Nebraska, herein referred to as beneficiary.
<br />The parties recite and declare that:
<br />
<br />a. Trustor executed a trust deed on March 29, 2004, in favor ofbeneticiary, which was
<br />recorded on April 2, 2004, in the office of the Register of Deeds, of Hall County, State of
<br />Nebraska, as Document No. 200403234 covering the following described property (as defined in
<br />Neb. Rev. State. 76-201) in Hall County, Nebraska
<br />
<br />LOT ONE (1), VALLEY VISTA SECOND SUBDIVISION, HALL COUNTY, NEBRASKA.
<br />
<br />b. The above mentioned trust deed was given as security for Loan, described in such
<br />trust deed, in the original amount of Eighteen Thousand and Noll 00---($18,000.00) Dollars,
<br />executed on March 29, 2004, by trustor in favor of beneficiary.
<br />
<br />c. Trustor desires to obtain a loan in the amount of One Hundred Thirteen Thousand and
<br />
<br />Noll 00--- ($113,000.00) Dollars, from EQUITABLE BANK, 113-115 N. Locust St., City of
<br />
<br />Grand Island, County of Hall, State of Nebraska, herein referred to as lender, but lender requires
<br />
<br />that such loan be secured by a trust deed that will be prior to the trust deed in favor of
<br />
<br />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. For the reasons set forth above, and in consideration of
<br />the mutual covenants and promises of the parties hereto, trustor and beneficiary covenant and
<br />agree as follows:
<br />
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