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<br /> - = SIJ�ORI)INATION O� D�ED O� �UST N �p =, -
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<br /> ^ � This instrumeut is made as of Decem6er 30, 1997,by Equitable Building&Loan Association, � . � �
<br /> _ `_ ' �'.:-� F3B,(Lienholder"),a corporation having its principal place of business ai 113-1 I 5 N.Locust, �— - � . .. -
<br /> .. . Crrand Island,NE 68801. �-� `��- .
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<br /> . ` �_
<br /> � RECTTALS �:.=_
<br /> F'�� ,�=_
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<br /> - . A. Lienholder is the holder of the beneficial interest in a note sec�ued by a deed of trust(the _ ':�`:<`-=-_-
<br /> - , `��t� "Second Deed of Tmst'�on the mortgaged proPeriY,dated Juty 2, 1997,executed by James A. '�::<��:`�
<br /> . `�`,..}� ... . ";;,:�.,. :.. � -
<br /> � Weakland and Kaye E.�Veakland fomially Kaye E.Vol�ter,and recorded on July 9, 1997,as •.,�.;�- := :-
<br /> '.� . . `,':�: ;i�r%'.J ..'_�--
<br /> ... ::;,,�,�`;: Documetrt No.97-105452 in the real estate records of Hall County,Nebraska,pertaining to the = ---
<br /> _-. �. - real estate located ai 1212 N.Hancock,Cmand Island,Nebraska,and further descn"bed as follaws __ . .
<br /> � � .: . (the"mortgaSed PmPertY'�: . .:'.;;.:"�'�;��-
<br /> _. , ,�,;. _,�,:_-
<br /> ��� ' "1 Loi Nine(9),Block Two(2),in Colonial Estates Subdivision,City of Grand Island,Hall Covnty,
<br /> ...,'.. .. : � __ �
<br /> � . � ,' Ne6raska. , � --
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<br /> - � B. The Secoad Deed of Trust held by Lienholder aze junior and subordiaate to a deed of tr�st � =r. .� �:'��-
<br /> `� .`:. .'.` -` - -' (the"First Deed of Trust"}held by Major Mortgage,it's successors and/or assigns,on the ��=y�'��.� : ---
<br /> r ..
<br /> � Mortgaged Froperty,James A.Weakland and Kaye E.Weakland,the owners("Owner'�of the ' .. �:``"=�—;
<br /> _ Mortgaged Property desire to refinance the First Deed of Trust loan on the Mortgaged Property. . ��. � ����`"T��
<br /> --..---... ____��r For good and valuable consideration,the receipi attd sufficiency of wtuch is hereby ---=���R..
<br /> _, • •• acknowledged,Lienholderagreesasfollows: � :`-�--
<br /> .:. « • �;-_.
<br /> � . 1. The Second Deed of Trust held by Lienhol��r shall be subject and subordinate W a new deed � •
<br /> '. . ' .. of trust(`mtew Deed of Trust'�securing a loan originated by Major Mo�tgage,it's successors ���. ;:__.�_
<br /> < � and/or assigns,pertaining to the Mortgaged Property aud securing a note in an original principal � �
<br /> � . �.� amount aot to exceed Sixty Seven Thousand Three Huadred Dollars($67,300.00),bearing . 1.;�:° _.
<br /> . . interest at a rate not to exceed Seven And On�Half Percent(7.50%)per annum,and made � � .� "� "=�'�`'•`'
<br /> ' � . . � � primarily for the purpose of refinancing the First Deed of Trust loan. ': � - :
<br /> , _ � �� � . .�.
<br /> - �� �:��� 2. Lienholder acknowledges that Major Mortgage,it's siccecssors and/or assigns, is relying on , �� ,•:� � `:
<br /> - � �.� � ,; �.; this instrument in making the loan secured by the New Deed of Trust. Lienholder agrees that the , • . �
<br /> �� �� � New Deed of Trust shall have the same validity,prioriry,and effect as if executed,delivered and � •� . '
<br /> � � � � recorded prior to the date of the Second Deed of Trust plovided,hawever,that nothing in this : •
<br /> .. � : � � , ' instrument shall in any way alter,change or modify the terms and conditions of the Second Deed , • ,
<br /> ` � of Trust,or in any way release or affect the validity or priority of the Second Deed of Trust, � .
<br /> � .� . � except as provided herein. , �. • `
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<br /> �, Entered into this �TH day of JANUARY , 19�. � • � . ,
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<br /> � � . '� THE EQUI7A8LE BUILOING. & LOAN ASS'N OF GRANO ISLANO, FSB ' .�
<br /> . • . . , ,� ("Lie der'� . .
<br /> . . � � _ � .
<br /> � BY� . .
<br /> • � : � N e• JAMES W OLSON . .
<br /> � . � Title: pRESIDENT/CEO . • �
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