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<br />AGREEMENT SUBORDINATING EXISTING
<br />TRUST DEED TO NEW TRUST DEED
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<br />Agreement made the 2ND day of MAY , 2003, between JONI RODABAUGH, AN - - - --
<br />UNMARRIED PERSON, of 324 Waimight St., Grand Island, Hall County, State of Nebraska,
<br />herein referred to as truster, and The Equitable Building and Loan Association of Grand Island, (�Z, ,
<br />now known as Equitable Federal Savings Bank of Grand Island, of 113 N. Locust, Grand Island,
<br />Hall County, Nebraska, herein referred to as beneficiary.
<br />The parties recite and declare that:
<br />a. Trustor executed a trust deed on September 3, 1999, in favor of beneficiary, which was
<br />recorded on September 13, 1999, in the office of the Register of Deeds, of Hall County, State of
<br />Nebraska, as Document No. 99- 109103 covering the following described property (as defined in
<br />Neb. Rev. State. 76 -201) in Hall County, Nebraska.
<br />LOT TEN (10) IN MLA MAR DEESUBDMISION IN THE C77Y OF GRAND ISLAND, HALL COUNTY,
<br />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 Five Thousand and No /100 - -- ($5,000.00) Dollars, executed
<br />on September 3, 1999, by truster in favor of beneficiary.
<br />c. Trustor desires to obtain a loan in the amount of Seventy Thousand and No /100
<br />($70,000.00) 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 in order that
<br />truster may obtain such loan from lender. Said Deed of Trust securing lender's lien was recorded
<br />on M" 7. d663 at Document No, c960,3 —Af)7q 6 , in the
<br />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, truster and beneficiary covenant and agree as follows:
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