Laserfiche WebLink
24i2�059u <br />interest of the Secured Party to the extent of the principal sum yet owing to Secured Party in respect to the <br />indebtedness described in Paragraph 2 along with interest and costs allocable thereto, however evidenced. <br />4. So long as any portion of the described obligation to Secured Party is outstanding and unpaid, the <br />provisions of the Deed of Trust of other instrument of security between the Debtor and the Secured Party are <br />controlling as to the Collateral in which Secured Party is to have a first security interest, including any time there is <br />a conflict between it and the provisions of any lien instrument granted to the Subordinating Creditor by the Debtor. <br />5. This Agreement is a continuing, absolute and unconditional agreement of subordination without regard <br />to the validity or enforceability of the. Promissory Notes or other instcvments of indebtedness between the Debtor <br />and the Secured Party evidencing sums due or documents granting a security interest in the Collateral, inespective <br />of the time or order of attachment or perfection of the security interest in the Collateral or the order of filing the <br />Deeds of Trust or other instruments of security with respect to the Collateral. <br />6. This Agreement shall remain in fu11 force and effect and is binding upon the Subordinating Creditor and <br />upon its successors and assigns, so long as any portion of the sums secured as described in Paragraph 3 are <br />outstanding and unpaid. <br />7. The Subordinating Creditor agrees that the Promissory Notes or other instruments of indebtedness of the <br />Debtor evidencing the obligation between the Debtor and the Secured Pariy may from time to time be renewed, <br />extended, modified, compromised, aecelerRted, settl�d or released, without notice to or consent by the Subordinating <br />Creditor. <br />� -- <br />Barry G. an strom, President and CEO <br />HOME FED SAVINGS AND LOAN <br />ASSOCI TION OF GRAND SLAND <br />"Sub rd' ' g ed r" <br /># <br />Barry G. S ds om, President and CEO <br />HOME FEDE SAVINGS AND LOAN <br />ASSOCIATION OF GRAND ISLAND <br />"Secured Party" <br />STATE OF NEBRASKA <br />COUNTY OF HALL <br />) <br />(ss: <br />) <br />Before me, a Notary Public qualified in said County, personally came Barry G. Sandstrom as President and <br />CEO of HOME FEDERAL SAVII�TGS AND LOAN ASSOCIATION, known to me to be the identical person who <br />signed the foregoing Subordination Agreement on behalf of such entity, and acknowledged to execution thereof to <br />be his voluntary act and deed on behalf of such entity. <br />Witness my hand and Notarial <br />..�...+�. <br />�NANCY KNAPA� <br />lyl��mm.Enp. 18, 2015 <br />seal on this 20th day of January, 2012. <br />o Public <br />Subhftohf 5/11 <br />