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m � � N p� � � mm o �y m 1 � n�� Zm N m o �o� , 0 �O 0 0 �o o�o m o�' � � o Z y T C� „z � A � G�� 2m (fl z �l A� N �� W � � mm m � rD 0 A m�o � cn � � � �� m 0 o N Vj Z A � � � Z O Return Address: Equifable Bank PO Box 160 Grand Island NE 68A02-0160 �iGREEMENT SUBORDII�TATING EXISTING TRUST DEE19 TO NEW TRUS`d'DEED Agreement made the 7th day of December.2011 between MICHAEL G SCH.AAF AND VALERIE K SCHAAP,HUSBAND AND WIFE,of 1615 S ARTHUR ST,GRAI��ISLAND, HALL COi_TNTY,State af Nebraska,l�erein referred to as trustor,�quitable Bank,of 113-115 N. Locust St.,Crrand Islancl,Hall County,Nebraska,herein referred to as beneficiary. The parties recit2 and declare that: a. Trustor executed a trust deed on July 1,2008,in favor of bcneficiary,which was recorded on July 9,2008 iu the office of the Register of Deeds,of Hall County,State of Nebraska,as Document No.200805904 covering the following described property(as defined in N eb.Rev. State.76-ZQ 1)in Hall County;Nebraska. LOT TWELVE(12),BLOCK SIX(6),BEL AIR ADDTTION,CITY OF GRAND ISLAND, HALL COUNTY,NEBRASKA. b. The above mentioned trust deed was given as security for Loan,described in such trust deed,ul the original amount of Twenty Two Thousand aild 00/100---($22,000.00)Dollars, executed on July 1,2008,by trustor in favor of beneficiary. a Trustor desires to obtain a l�an in the amount of One Hundred�i�teen Thousand Six Hundred Fifly and 1Vo/100---(5118,650.00)Dollars,from EQUITABLE BANK, 113-I15 N. Locust St.,City of Grand Island,County of Hall,State of Nebraska,herein refeired to as lender, but lender requires that such loan be secured by a hust deed that will be prior to the tntst deed in favor of beneficiary. � d. Beneficiary is willing to subordinate the lien of the trust deed in their fa�or 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 considerarioil of the mutual covenants and promises of the parties hcreto,trustor and beneficiary covenant and agree as follows: