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�01200071 between it and the provisions of any lien instrument granted to the Subordinating Creditor by the Debtor. 5. This Agreement is a continuing, absolute and unconditional agreement of �, subordination without regard to the validity or enforceability of the Promissory Notes or � other instruments of indebtedness between the Debtor and the Secured Party evidencing sums due or documents granting a security interest in the Collateral, irrespective of the time or order of attachment or perfection of the security interest in the Collateral or the order of filing the Deeds of Trust or other instruments of security with respect to the Collateral. 6. This Agreement shall remain in full force and effect and s binding upon the Subordinating Creditor and upon its successors and assigns, so long as any portion of the sums secured as described in Paragraph 2 are outstanding and unpaid. 7. The Subordinating Creditor agrees that the Promissory notes or other instruments of indebtedness of the Debtor evidencing the obligation between the Debtor and the Secured. Party may from time to time be renewed, extended, modified, compromised, accelerated, settled or released, without notice to or consent by the Subordinating Creditor. HOME FEDERAL SAVINGS AND LOAN ASSOCIATION OF GRAND ISLAND � i A. Heath � '/Commercial Lending bordinatin� Creditor" STATE OF NEBRASKA ) ) SS COUNTY OF HALL ) Before me, a Notary Public qualified in said County, personally came Jon A. Heath, as VP/Commercial Lending Officer of Home Federal Savings and Loan Association of Grand Island , known to me to be the identical person who signed the foregoing Subordination Agreement on behalf of such entity, and acknowledged the execution thereof to be his voluntary act and deed on behalf of such entity. Witness my hand and notarial seal on this 3 day of em , 2011. Notary Public My Commission Expires: /—� —�D/.�' GEWERAL NOTARY - s�te ot n�e�ras�ca DEBRA R. MITTEIS MY Comm. E�. Jan. 3, 2018 / ��_: . : A tract of land comprising a part of Lot Three (3) Mai�iland, part of Lo't 'l�vo (2) Island, part of the land behveen the meander lines of the north channel of the Platte River, all being in Section Tlurty Two (32), Township Eleven (11) North, Range Nine (9) West of the 6th P.M., Hall County, Nebraska, and more parbicularly described as follows: Beginning at a goint on the sonth rtght of way line of U.S. Highway No. 34, said point being Two Hundred Sigty Foar (264.0) feet east of the east right of way line of the S� Joseph Branch of the Union Pacific Railroad and Seventy and Three Tenths (703) feet sonth of the north line of said Lot Three (3� theace S 87° 46' 18" E(assumed bearinp,� along and npon said h�ghway right of way line, a distance of One Thousand Two Hundred Twenty Sig and Flfty Five Hnadredths (1,226.5� feet to a point in the ceaterline of the north channel of the Platte River; thence S 54° 58' 48" W along the centerline of said river, also bcing on said lutghway right of way liae, a distance of Thirty Five and Two Tenths (35.2) feet to the intersecHon of the last described course with the prolongation of the north line of Lot One (1) Island; thence S 36° 13' 28" W a distance of One Thousand Five Hundred Eighty Two and Seventy Eight Hundredths (1,582.78) feet to a point on the sonth line of said Lot Two (2) Island; thence S 90° 00' 00" W along and upon the south line of said Lot Two (2), Island, a d3stance of Two Hundredth Fifty One and Ninety Nine Hundredths (251.99) feet to a point that is Two Hundred Sigty Four (264.0) feet east of the east right of way line of said S� Joseph Branch of the Union Pacific Railroad; thence N 00° 22' 27" W, parallel with said railroad right of way line, a distance of One Thousand Three Hundred Forty Four and Sixty Seven Hundredths (1,344.6'n feet to the point of beginning NOTE: 2727 W. Highway 34, Grand Island, NE