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��1�205G22 <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 />cornrolling as to the Collateral in which Secur� Pariy is to have a first security interest, includin� any time there is <br />a conflict between it and the provisions of any lien instrument �ranted to the Subordinating Creditor by the Debtor. <br />5. This Agreement is a cominuing, absolute and unconditional agreement of subordination without regard <br />to the validity or enforceability of the Promissory Notes or other instrumerns of indebtedness between the Debtor <br />and the Secured Party evidencing sums due or documemts granting a security interest in the Collateral, irrespective <br />of the time or order of attachment or perfection of the security nrterest in the Collateral or the order of filing the <br />Deeds of Trust or other instruments of security with respect ta the Collateral. <br />6. This Agreemem 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 described in Paragraph 3 are <br />outstanding and unpaid. <br />7. The Subordinating Creditor a$rees that the Promissory Notes or other instrumems of indebtedness of the <br />Debtor evidencing the obligation 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 comsent by the Subordinating <br />Creditor. <br />Barry G. om, Presidern and CE <br />, HOME FED SAVINGS AND LOAN <br />ASSOCIA ON OF GRAND ISLAND <br />"Su or ' ting or" <br />Barry G. d om, Presidern and CEO <br />HOME FED SAVIl�TGS AND LOAN <br />ASSOCIATION OF GRAND ISLAND <br />"Secured Part}� <br />STATE OF NEBRASKA ) <br />(ss: <br />COUNTY OF HALL ) <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 identical person who <br />signed the foregoing Subordination Agreement on behalf of such entity, and a.cknowledged to euecution ther�f to <br />be his voluntary act and deed on behalf of such entity. <br />Witness my hand and Notarial seal on this � <br />GENERAL NOTARY - Sffite o( Net�aska <br />NANCY S KNAPP <br />My Comm. Exp. Aug. f8, 2015 <br />Subhftohf 5/11 <br />