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20��o31z� <br />4. So long as any portion of the described obli�ation to Secured Party is outstanding and unpaid, the <br />provisians of the Deed o£ Trust of other instrument of security between the Debtor and the Secured Pariy are <br />controlling as to the Collateral in which Secured Party is to have a first s�curity interest, including aay time there is <br />a conflict betw�n it and the provisions of any lien instrumem granted to the Subordinating Creditor by the Debtor. <br />5. This Agreement is a corninuing, 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 Secured Party evidencing sums due or documents ganting a security urterest in the Callateral, irrespective <br />of the time or order of attachmern or perfection of the security interest in the Collateral or the order of filin� 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 Subordinatin� Creditor and <br />ugon its successors and assigns, so long as aay portion of the sums secured as described in Paragraph 3 are <br />outstanding and unpaid. <br />7. The Subordinatin� Creditor agrees that the Promissory Notes or other instruments of indebtedness of the <br />Debtor evidencin$ the obligation between the Debtor and the Secure�l Party may from time to time be renewed, <br />extend�, modified, compromised, accelerated, settled or released, without natice to or consent by the Subordinatin� <br />Creditor. _ n _ <br />Barry a.ndstrom, Presidern and CEO <br />HOME FED SAVINGS AND LOAN <br />ASSOCIATION OF GR.AND ISLAND <br />" bord' tin 'tor" <br />Barry G. and om, Presidern and CEO <br />HOME FED SAVINGS AND LOA1�T <br />ASSOC TION OF GRAND ISLAND <br />"Secured Pa.rt3�' <br />STATE OF NEBRASKA ) <br />(ss: <br />COUNTY OF HALL ) <br />Before me, a Notary Public qualified itt said County, personally came Bazry G. Sandstrom as President and <br />CEO of HOME FEDERAL SAVINGS AND LOAN ASSOCIATION, known to me to be the identical person who <br />signed the foregoing Subordinarion Agreement on behalf of such entity, and acknowledged to execurion thereof to <br />be his volurnary act and dee,d on behalf of such entity. <br />Witness my hand and Notarial seal on t}us � day of April, 2012. <br />t�NENI� NOTAI�f • b�te of Ne6rael� <br />NA{�CY 9 KNAPP <br />Connn. Fxp.A�.18.2016 <br />Natary lic <br />Subhftohf 5/11 <br />