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N IS IS <.0 IS ..... 0> IS N ~ -n c: z QnCJ m>f!' nc.n 1lIiX (")(j) o -l c: ~ Z-l -IlTl -<0 o .." ""z ::z: fT1 ~[lJ r- ;:0 r~ (fJ ;::or; ~ -- ~ I:;> c::::> CO '~ :3 ~~ ~ ~ r ~ -J:: ..J: i o ~ (fJ <.n AGREEMENT SUBORDINATING EXISTING TRUST DEED TO NEW TRUST DEED Agreement made the 27th day of February. 2009, between GARY B MCWILLIAM AND SUSAN M MCWILLIAM, HUSBAND AND WIFE, of 4011 BUCKINGHAM DR, GRAND ISLAND, HALL COUNTY, State of Nebraska, herein referred to as trustor, Equitable Bank, formerly known as, Equitable Building and Loan Association, of 113-115 N. Locust St., Grand Island, Hall County, Nebraska, herein referred to as beneficiary. The parties recite and declare that: a. Trustor executed a trust deed on May 10, 1999, in favor of beneficiary, which was recorded on May 14, 1999, in the office of the Register of Deeds, of Hall County, State of Nebraska, as Document No. 99-105007 covering the following described property (as defined in Neb. Rev. State. 76-201) in Hall County, Nebraska. LOT FORTY-THREE (43), CASTLE ESTATES SUBDIVISION, IN THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA b. The above mentioned trust deed was given as security for Loan, described in such trust deed, in the original amount of Thirty Four Thousand and Noll 00---($34,000.00) Dollars, executed on May 10, 1999, by trustor in favor of beneficiary. c. Trustor desires to obtain a loan in the amount of Fifty Three Thousand and Noll 00--- ($53,000.00)Dollars, from EQUITABLE BANK, 113-115 N. Locust St., City of Grand Island, County of Hall, State of Nebraska, herein referred to as lender, but lender requires that such loan be secured by a trust deed that will be prior to the trust deed in favor of beneficiary. d. Beneficiary is willing to subordinate the lien of the trust deed in their favor insofar as it encumbers the above-described premises, to the trust deed made in favor of lender in order that trustor may obtain such loan from lender. For the reasons set forth above, and in consideration of the mutual covenants and promises of the parties hereto, trustor and beneficiary covenant and agree as follows: m <:)~ 1"\)!B o~ om CD:;;;:::: o~ .-:0 c:: 0') :s:: m o ~ N :z D -0 lO.~