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201206493 <br />4. So long as any portion of the described obli�ation to Secured Party is outstandin� and unpaid, the <br />provisions of the Deed of Trost of other instrumern of security between the Debtor a.nd the Secured Party are <br />controlling as to the Collateral in which Seaued Party is to have a first security interest, including any time there is <br />a contlict between it and the provisions of any lien instrwneut granted to the SuUordinating Creditor by the Debtor. <br />5. This Agreemem is a continuing, absolute and unconditional a�'eemem 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 Sec�ued Party evidencing sums due or documents granting a security nrterest in the Collateral, irrespective <br />of the time or order of attachmerrt or perfection of the security interest in the Collateral or the order of filing the <br />Deeds of Trust or other instrumerns of s�urity with respect to the Collateral. <br />6. This Agreeme� shall remain in full force and effect and is bindin� upon the Subordina.ting Creditor and <br />upon its successors and assigns, so long as atty portion of the sums secured as described in Paragraph 3 are <br />outstanding and unpaid. <br />7. The Subardinating Creditor agrees that the Proaussory Notes or other insmimems of indebtedness of the <br />Debtor evidencing the obligation hetwe.en the Debtor and the Secured Party may from time to time be renewed, <br />extended, modified, compromised, accelerated, settled or released, withaut notice to or cflnsent by the Subordinatin� <br />Creditor. <br />Barry <br />HOME F <br />� <br />, <br />�, ', <br />. <br />Barry . San strom, Presidem and CEO <br />HOME ERAL SAVINGS AND LOAN <br />ASS IATION Q� GR�ANI� ISLAND <br />STATE OF NEBRASKA ) <br />(ss: <br />COUNTY OF HALL ) <br />rom, Presidetrt and CEO <br />SAVINGS AND LOAN <br />v OF GRAND ISLAND <br />"Secured Part� <br />Before me, a ATotary Public qualified in said County, personally came Bany G. Sandstrom as Presidem and <br />CEO of HOME FEDERAL SAVINGS AND LOAN ASSOCIATION, known to me to be the identical gerson who <br />si�ned the foregoing Subordination Agreemern on behalf of such enrity, and aaknowledged to e�cecution thereof to <br />be his volurnary act and deed on behalf of such entity. <br />Witness my hand and Natarial seal on this � day of ��.�.� v , 2012. <br />�a+.woranr•s�mr�a <br />NANCY 3 KNAPP <br />My Comm. E�cp. Aug.18, 20/5 <br />S <br />No� -� <br />Subhftohf 5/11 <br />