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Agreement made the 29 day of APRIL , 2003, between MICHAEL G. HARGENS
<br />AND KATHERINE A. HARGENS, Husband and Wife, of 4360 Sherwood Rd, Grand Island,
<br />Hall County, State of Nebraska, herein referred to as trustor, and The Equitable Building and
<br />Loan Association of Grand Island, now known as Equitable Federal Savings Bank of Grand
<br />Island, of 113 N. Locust, Grand Island, Hall County, Nebraska, herein referred to as beneficiary.
<br />The parties recite and declare that:
<br />a. Trustor executed a trust deed on January 28, 2000, in favor of beneficiary, which was
<br />recorded on February 3, 2000, in the office of the Register of Deeds, of Hall County, State of
<br />Nebraska, as Document No. 200000974 covering the following described property (as defined in
<br />Neb. Rev. State. 76 -201) in Hall County, Nebraska.
<br />LOT ONE (1), BISHOP HEIGHTS SUBDMSION, BEING A PART OF THE SOUTHWEST QUARTER OF THE
<br />NORTHWEST QUARTER (SW % NW %) OF SECTION ELEVEN (11), TOWNSHIP ELEVEN (11) NORTH,
<br />RANGE TEN (10) WEST OF THE 6T' P^ 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 Eleven Thousand Five Hundred Sixty Five and 501100 - --
<br />($11,565.50) Dollars, executed on January 28, 2000, by trustor in favor of beneficiary.
<br />c. Trustor desires to obtain a loan in the amount of Sixty -Five Thousand and No /100
<br />($65,000.00) from EQUITABLE FEDERAL SAVINGS BANK OF GRAND ISLAND, 113 -115
<br />N. Locust St., City of Grand Island, County of Hall, State of Nebraska, herein referred to as
<br />lender, but lender requires that such loan be secured by a trust deed that will be prior to the trust
<br />deed in favor of 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
<br />in order that trustor may obtain such loan from lender. Said Deed of Trust securing
<br />lender's lien was recorded on MAN S ;— .,, OCC3 at Document
<br />I —
<br />No. �3 p L 6 , in the Office of the Hall County Register of Deeds.
<br />For the reasons set forth above, and in consideration of the mutual covenants and
<br />promises of the parties hereto, trustor and beneficiary covenant and agree as follows:
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<br />TRUST DEED TO NEW TRUST DEED
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<br />Agreement made the 29 day of APRIL , 2003, between MICHAEL G. HARGENS
<br />AND KATHERINE A. HARGENS, Husband and Wife, of 4360 Sherwood Rd, Grand Island,
<br />Hall County, State of Nebraska, herein referred to as trustor, and The Equitable Building and
<br />Loan Association of Grand Island, now known as Equitable Federal Savings Bank of Grand
<br />Island, of 113 N. Locust, Grand Island, Hall County, Nebraska, herein referred to as beneficiary.
<br />The parties recite and declare that:
<br />a. Trustor executed a trust deed on January 28, 2000, in favor of beneficiary, which was
<br />recorded on February 3, 2000, in the office of the Register of Deeds, of Hall County, State of
<br />Nebraska, as Document No. 200000974 covering the following described property (as defined in
<br />Neb. Rev. State. 76 -201) in Hall County, Nebraska.
<br />LOT ONE (1), BISHOP HEIGHTS SUBDMSION, BEING A PART OF THE SOUTHWEST QUARTER OF THE
<br />NORTHWEST QUARTER (SW % NW %) OF SECTION ELEVEN (11), TOWNSHIP ELEVEN (11) NORTH,
<br />RANGE TEN (10) WEST OF THE 6T' P^ 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 Eleven Thousand Five Hundred Sixty Five and 501100 - --
<br />($11,565.50) Dollars, executed on January 28, 2000, by trustor in favor of beneficiary.
<br />c. Trustor desires to obtain a loan in the amount of Sixty -Five Thousand and No /100
<br />($65,000.00) from EQUITABLE FEDERAL SAVINGS BANK OF GRAND ISLAND, 113 -115
<br />N. Locust St., City of Grand Island, County of Hall, State of Nebraska, herein referred to as
<br />lender, but lender requires that such loan be secured by a trust deed that will be prior to the trust
<br />deed in favor of 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
<br />in order that trustor may obtain such loan from lender. Said Deed of Trust securing
<br />lender's lien was recorded on MAN S ;— .,, OCC3 at Document
<br />I —
<br />No. �3 p L 6 , in the Office of the Hall County Register of Deeds.
<br />For the reasons set forth above, and in consideration of the mutual covenants and
<br />promises of the parties hereto, trustor and beneficiary covenant and agree as follows:
<br />
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