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201201276
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Last modified
3/19/2012 3:46:04 PM
Creation date
2/17/2012 4:04:07 PM
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DEEDS
Inst Number
201201276
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201201276 <br />irnerest of the Secured Party to the eartem 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 Pariy is outstanding and unpaid, the <br />provisions of the Desd of Trust of other instcumeut of security between the Debtor and the Secured Party are <br />co�rolling as to the Collateral in which Secure,cl Party is to have a first security interest, including �ny time there is <br />a conflict between it and the provisions of any lien instrumeat granted to the Subordinating Creditor by the Debtor. <br />5. This Agre,emern is a co�inuin�, absolute and unconditional agreement of subordination without regard <br />to the validity or enforceability of the Promissory Notes or other instruments of indebtedness between the Debtor <br />and the Secur� Party evidencing sums due or documents granting a security interest in the Collateral, irrespective <br />of the time or order of attachmeut 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 full force and effect and is binding upon the Subordinaxing Creditor and <br />upon its successors and assigns, so long as any portion of the sums secured as described in Paragraph 3 are <br />outstandiag and unpaid. <br />7. The Subordinaxing Creditor agrees thaE the Promissory Notes or other instruments of indebteciness of the <br />Debtor evidencing the obli�ation between the Debtor and the Secured Party may from time to time be renewed, <br />extended, modified, compromised, accelerated, settled or released, without notice to or consent by the Subordinating <br />Creditor. <br />C � ------� <br />Barry G. and om, President and CEO <br />HOME FED SAVINGS AND LOAN <br />ASSOC TION OF GRA11�D uS,LAND <br />HOME <br />STATE OF NEBRASKA <br />COUNTY OF HALL <br />) <br />(ss: <br />) <br />rom, Presideut and CEO <br />SAVINGS AND LOAN <br />v OF GRAND ISLAND <br />"Secured Part}� <br />Before me, a Notary Public qualified in said County, personally came Barry G. Sandstrom as Presidetrt and <br />CEO of HOME FEDERAL SAVINGS AND LOAN ASSOCIATION, known to me to be the identical person who <br />signed the foregoin� Subordination Agreement on behalf of such entity, and acknowledged to execution thereof to <br />be his voluntary act and dced on behalf of such entity. <br />Witness my hand and Notarial seal on this <br />�MANCY KNAPP� , <br />pIY l',�mtn, Eap. A�.18� 2015 <br />gT'' day of February, 2012. <br />No lic <br />Subhftohf 5/11 <br />
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