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The parties recite and declare that:
<br />a. Trustor executed a trust deed on December 21, 2001, in favor of beneficiary, which
<br />was recorded on January 2, 2002, in the office of the Register of Deeds, of Hall County, State of
<br />Nebraska, as Instrument No. 200200016 covering the following described property (as defined in
<br />Neb. Rev. State. 76 -201) in Hall County, Nebraska.
<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. The above mentioned trust deed was given as security for Loan, described in such
<br />trust deed, in the original amount of One Hundred Thousand & no /100 - -- ($100,000.00) Dollars,
<br />executed on December 21, 2001, by trustor in favor of beneficiary.
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<br />c. Trustor desires to obtain a loan in the amount of Three Hundred Fitty�ue Thousand
<br />4iVein ,jncdred
<br />#ALQA*-- ($352,500.00) Dollars, from EQUITABLE BANK, 113 -115 N. Locust St., City of
<br />Grand Island, County of Hall, State of Nebraska, herein referred to as lender, but lender requires
<br />that such loan be secured by a trust deed that will be prior to the trust deed in favor of
<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:
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<br />AGREEMENT SUBORDINATING EN ISTING
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<br />TRUST DEED TO NEW TRUST DEED
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<br />Agreement made the 12 th day of . June � 2009 , between Stephen R. Beltzer and
<br />� � � 6D
<br />Jacqueline R. Beltzer, HUSBAND AND WIFE, of 1407 Stagecoach Rd, Grand Island, County
<br />of Hall, State of Nebraska, herein referred to as trustor, Heritage Bank, Grand Island, Hall
<br />County, Nebraska, herein referred to as beneficiary.
<br />The parties recite and declare that:
<br />a. Trustor executed a trust deed on December 21, 2001, in favor of beneficiary, which
<br />was recorded on January 2, 2002, in the office of the Register of Deeds, of Hall County, State of
<br />Nebraska, as Instrument No. 200200016 covering the following described property (as defined in
<br />Neb. Rev. State. 76 -201) in Hall County, Nebraska.
<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. The above mentioned trust deed was given as security for Loan, described in such
<br />trust deed, in the original amount of One Hundred Thousand & no /100 - -- ($100,000.00) Dollars,
<br />executed on December 21, 2001, by trustor in favor of beneficiary.
<br />_wo
<br />c. Trustor desires to obtain a loan in the amount of Three Hundred Fitty�ue Thousand
<br />4iVein ,jncdred
<br />#ALQA*-- ($352,500.00) Dollars, from EQUITABLE BANK, 113 -115 N. Locust St., City of
<br />Grand Island, County of Hall, State of Nebraska, herein referred to as lender, but lender requires
<br />that such loan be secured by a trust deed that will be prior to the trust deed in favor of
<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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