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201205623 <br />4. So long as any portion of the described obligation to Secured Pafiy 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 regazd <br />to the validity or enforceability of the Promissory Notes or other instruments of indebtedness between the Debtor <br />and the Secured Pariy evidencing sums due or documents granting a security interest in the Collateral, irrespective <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 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 aze <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, accelerated, settled or released, without notice to or consent by the Subordinating <br />Creditor. <br />Barry G. om, resident and CEO <br />HOME FED SAVINGS AND LOAN <br />ASSOCIATION OF GRAND TSLAND <br />"Su r ' re r" <br />� <br />Barry G. S dstr President and CEO <br />HOME FED SAVINGS AND LOAN <br />AS50CIATION OF GRAND ISLAND <br />"Secured Part}� <br />STATE OF NEBRASKA <br />C K� 1 i 1� � 11 L i 7 0 i: 7\ � I 1 1 <br />) <br />(ss: <br />) <br />Before me, a Notary 1'ublic qualified in said County, personally came Barry G. Sandsirom as President and <br />CEO of HOME FIDERAL SAVINGS AND LOAN ASSOCIATION, lmown 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 />Wilness mv hand and Notarial seal on tlus �q� day of June, 2012 <br />GENqW. NQTARY - Siate af Net�Ca <br />NANCY S KIVAPP <br />�comm.�. �e,zma <br />No ublic <br />Subhftohf 5/11 <br />