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201204941 <br />4. So lon� as any portion of the described obligation to Secured Party is outstanding and unpaid, the <br />provisions of the Deed of Trust of other instrumem of security between the Debtor and the Secur� Party aze <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 instrumern granted to the Subordinating Creditor by the Debtor. <br />5. This Agreement is a continuing, absolute and unconditional agre,ement 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 documeirts granting a security interest in the Collateral, irrespective <br />of the time or order of attachmern or perfection of the security interest in the Collateral or the order of filing the <br />Deeds of Trust or other instruments of s�urity with respect to the Collateral. <br />6. This Agreement shall remain in full 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 describe.cl in Paragraph 3 a.re <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 Pa,rty 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 />STATE OF NEBRASKA ) <br />(ss: <br />COUNTY OF HALL ) <br />Barry G. d m, Presidern and CEO <br />HOME FED SAVINGS AND LOAN <br />ASSOCIA ON OF GRAND ISLAND <br />Barry . San�strom, Presidern and CEO <br />HOME FE ERAL SAVINGS AND LOAN <br />ASSO IATION OF GRAND ISLAND <br />"Secured Part}� <br />Before me, a Notary Public qualified in said County, personally came Barry G. Sandstrom as President and <br />CEO of HOME FEDERAL SAVINGS AND LOAN ASSOCIATION, known to me to be the ideutical person who <br />signed the foregoing Subordination Agreement on behalf of such eutity, and acknowledged to execution thereof to <br />be his voluntary act and deed on behalf of such entity. <br />Witness my hand and Notarial seal on this � day of June, 2012. <br />� N�iARif • St�a of Nebr� Notary ic <br />NANCY S KNAPp <br />� Comm. Exp. Aug.18, 201$ <br />Subhftohf 5/11 <br />