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<br /> WHEIV RECOFiDED MAIL TO:
<br /> Equitiable Bank
<br /> Diers Avenue Branch -
<br /> PO Box 'f 60
<br /> Grand istand. NE 68802-0960 FOR RECORDER`S USE ONLV
<br /> iVOTICE: THIS SUBORDINATION Of DEED OF TRUST FiESULTS IN YOUR SECURITY INTEREST
<br /> IIV THE PROPERTY BECOMIiVG SUBJECT TO AND OF LOWEFi PRIORITY THAN THE LIEN OF
<br /> SOME OTHER OR LATER SECURITY INSTRUMENT.
<br /> SUBORDIIVATION OF DEED OF TRUST
<br /> TF91S SUBORDII�IATFON OF DEED OF TRUST dated July 31, 2072, is made and executec! among
<br /> Equitable Bank ("Beneficiary"); Equitable Bank ("Trustee"1; LONGLEAF LLC ("Borrower")• and
<br /> Equitable Bank ("Lencler"). �
<br /> SUBORDINATED INDEBTEDNESS. Beneficiary has extended the following descri�bed financi�al accommodations, secured
<br /> by the Real Property(the "Subordinated Inde6Yedness"): �
<br /> The above mentioned trust deeds were given as security for Loans,described in trust deeds, in the original arnount
<br /> of One Million Eight Hundred Thousand and No/100 Dollars (1.800,000.00) executed ort June 7. 2072 by trustor
<br /> in favor of beneficiary_
<br /> SUBORDINATED DEED OF TRUST. The Subordinated Indebtedness is or will be secured by the Rea[ Property and
<br /> evidenced by a deed of tru5t dated June "I, 2092 from LONGLEAF LLC ("Trustor") to Equitable Bank ("Trustee") in
<br /> favor ofi Equitable Bank ("Beneficiary") (the "Subordinated Deed of TrusY") and recorded in HALL Gounty, State of
<br /> Nebraska as fiollows: - �
<br /> Deed of Trust dated June 9, 2072 and recorded.in Hall County Register ofi Deeds on June 4. 2072 as Instrument
<br /> No. 2Q'1204449.
<br /> REAL PROPERTY DESCRIPTION_ The Subordinated Deed of Trust covers '.he follow�ing described real property (the
<br /> "Rea!Property") located in HALL County, State of Nebraska-
<br /> LOT ONE (1), BLOCK EIGHT (8), REPLAT, CONTINENTAL GARDENS, AN ADDITION TO THE CITY OF GRAND
<br /> ISLAND, HALL COUN7Y, NEBRASKA
<br /> The Real Property or its address is commonly known as 3033 W CAPITAL AVE, GRAND ISLAND, N�E 6880"I. The
<br /> Real Property tax identification number is 400038935,
<br /> SUPERIOR INDEBTEDNESS. Lender has extended or has agreed to eMend the following described financial
<br /> accommodations to Borrower, secured by the Real Property (the "fiuperior Indebted�ness"):
<br /> Trustor desires to obtain a loan in� the amount of One Million Five Hundred Ninety Five Thousand and No/'100
<br /> ($1„595,000.00) from E@UITABLE BANK, "1'13-775 N.. Locust St.. City of Grand Island, County of Hall, State of
<br /> Nebraska, herein referrec3 to as lender, but lender requires that such loan be secured by a trust deed that will be
<br /> prior to�the�trust.deed in�Favor ofi beneficiary_
<br /> LEIVDER'S LIEN. The Superior Indebtedness is or will be secured by the Reai PropeRy and evid�enced by a mortgage,
<br /> deed of �trusY, or other lien insirument, dated July 31, 2012, f�om Borrower to Lender (the "Lender's Lien") and
<br /> recorded in HALL County, State of Nebraska as�Pollows:
<br /> Deed of Trust dated July 31, 2012 and recorded in Hall County Register of Deeds on
<br /> �UA U ST 2, 2O}Z as fnstrument No_ 2OL2 OIC�J��
<br /> As a condition to the granting of the requested financial accommodations, Lender has required that the Lender's Lien be
<br /> and remain superior to the Subordinated Deed of Trust.
<br /> REQUESTED FINANCIAL ACCOMMODATIONS. Trustor, who may or may not be the same person or entity as
<br /> Borrower, and Beneficiary each want Lender to provide financial accommodations to Borrowe� in the form of the
<br /> Superior Indebtedness. Trustor and Beneficiary each represent and acknowledge to Lender that Beneficiary will benefiit
<br /> as a result of these financial accommodations from Lender to Borrower�, and Beneficiary acknowledges receipt ofi
<br /> va�.luable consideration for entering into tnis Subordination. ._
<br /> NOW THERE�ORE THE PARTIES TO THIS SUBORDINATION HEREBV AGREE AS FOLLOWS:
<br /> SUBORDINATION_ The Subordinaied Deed of TrusY and the Subordinated Indebtedness secu�red by the Subordinated
<br /> Deed of Trust is and shall be subordPnated in all respects to Lender's Lien and the Superior Indebtedness, and it is
<br /> agreed that Lender's Lien shall be and remain, at all times, prior and superior to the lien of the Subordinated Deed of
<br /> Trust. Beneficiary also subordinates to Lender's Lien all otner Security Interests in the Real Property held by
<br /> Beneficiary, whether now exisiing or hereafter acquired_ The words "Security Interest"� mean and include without
<br /> limitation any type of collaieral secu�ity, whether in the form ofi a lien, charge, mortgage, deed of trust, assignment,
<br /> pledge, chattel mortgage,. chattel trust, factor`s lien, equipme�nt trust, conditional sale, trust receipt, lien or litle
<br /> retention contract, lease or consignment intended as a security device,or any other security or lien interest whatsoever,
<br /> whether created by law; contract, or otherwise.
<br /> BENEFICIARY'S FtEPRESENTATIONS AND WARRANTI:ES. Benefiiciary represents and warrants to Lender that: (A) no
<br /> representations or agreements of any kind have been made �[o Benefi.ciary which would limit or qualify in any way the
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