|
<br /> ,., 0 ~ I""......,.
<br /> ~ ~ c-=- o (f) m
<br /> <-= c:>
<br /> c ClO o -i :z
<br /> n Z :t .~~ c::l> N n::
<br /> ~ ::0 z-i
<br />N ~ %~C ~ ~' -0 -ifT1 0 :0
<br />?;cn~ ::::0 -<0 m
<br />s .., -
<br />S ~ 0<':::: N 0" c:> 0
<br />ex> JIIC:C -I: -"z )>
<br />S -"T1 U. co en
<br /><..V CJ ::c fT1 02:
<br />.+;::.. 0 m r -u l> UJ
<br />co ~ Pl ::3 r ::0 en
<br />co CJ r 1> (...) -f
<br /> Ul (f) :0
<br /> N ;:><; -I: C
<br /> l> coifi
<br /> 0 ---
<br /> -..J en co~
<br /> en \1.& ~
<br />.--- AGREEMENT SUBORDINATING EXISTING
<br /> TRUST DEED TO NEW TRUST DEED
<br />
<br />
<br />
<br />Agreement made the 18th day of April. 2008 between JULIE L PFEIFER AND TERRY M
<br />PFEIFER, WIFE AND HUSBAND, of2413 W JOHN ST., GRAND ISLAND, HALL
<br />COUNTY, State of Nebraska, herein referred to as trustor, Equitable Bank, of 113-115 N. Locust
<br />St., 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 June 26,2007, in favor of beneficiary, which was
<br />recorded on July 3, 2007, in the office of the Register of Deeds, of Hall County, State of
<br />Nebraska, as Document No. 200705622 covering the following described property (as defined in
<br />Neb. Rev. State. 76-201) in Hall County, Nebraska.
<br />
<br />LOT THREE (3) AND THE EAST HALF (El/2) OF LOT FOUR (4), IN BLOCK TWO (2), IN
<br />PARKHILL SUBDIVISION, AN ADDITION TO THE CITY OF GRAND ISLAND, HALL
<br />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 Seventy Five Thousand and No/100----($75,000.00)
<br />Dollars, executed on June 26, 2007, by trustor in favor of beneficiary.
<br />
<br />c. Trustor desires to obtain a loan in the amount of One Hundred Seventy Five Thousand
<br />
<br />and No/lOO--- ($175,000.00) 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 />that such loan be secured bya 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 />
<br />agree as follows:
<br />
|