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��1�05�24 <br />nrterest of the Secured Party to the extent of the principal sum yet owing to Secured Party in resp�ct to the <br />indebtedness described in Paragraph 2 along with imerest and costs allocable thereto, however evidenced. <br />4. So long as any portion of the described obligation to Secured Party is outstanding and unpaid, the <br />provieions of the Deed of Trust of other instrument of security between the Debtor a.nd the Secured Party are <br />contmlling as to the Collateral in which Secured Party is to have a first security i�erest, includin� 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 Agreemerrt is a cotttinuing, absolute and unconditional agreemerrt 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 granting a security interest in the Collater�l, irresgective <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 Agreeme� shall remain in full force and effect aad is binding upon the Subordinating Cre�ditor and <br />ugon its successors and assigns, so long as any portion of the sums secured as described in Paragraph 3 aze <br />outsta.nding and unpaid. <br />7. The Subordinating Cre�iitor agrees tha.t the Promissory Notes or other instrumerns of indebtedness of the <br />Debtor evidencing the obligation between the Debtor and the 5ecured Party may from time to time be renewed, <br />extended, modified, compromised, accelerated, settled or released, without notice to or consent by tha Subordinating <br />Creditor. <br />Bazry G. S President and CEO <br />HOME FED SAVINGS AND LOAN <br />ASSOCIA N OF GRAND ISLAND <br />"Su rd' ' g r ' or" <br />Barry G. S stro President and CEO <br />HOME FED SAVINGS AND L�AN <br />ASSOCIA AT OF GRAND ISLAND <br />"Secur� Party" <br />STATE OF NEBRASKA <br />COUNTY OF HALL <br />) <br />(ss: <br />) <br />Before me, a Notary Public qualified in said County, personally came Barry G. Sandstrom as Preside� and <br />CEO of HOME FEDERAL SAVINGS AND LOAN ASSOCIATION, known to me to be the identical person who <br />signed the foregoing Subordination A�reement on behalf of such emity, 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 tlris a9' <br />GF�E�L NOTARY • S�te oi Net�a�ca <br />�ANCY S KNAPP <br />"� My Cumm. Exp. aug.18, 2015 <br />day of c, �,`,•� � , oZo � a <br />No Public <br />Subhftohf 5/11 <br />