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201300076 <br /> NOW, THEREFORE, in consideration of the mutual promises of this Agreement, and intending to <br /> be legally bound hereby, the parties hereto agree as follows: <br /> 1 Subordination. Tenant agrees that the Lease, and all estates, options and rights created <br /> under the Lease, hereby are subordinated and made subject to the lien and effect of the Security <br /> Instrument, as if the Security Instrument had been executed and recorded prior to the Lease. <br /> 2. Nondisturbance. Lender agrees that no foreclosure (whether judicial or nonjudicial), <br /> deed-in-lieu of foreclosure, or other sale of the Property in connection with enforcement of the Security <br /> Instrument shall operate to terminate the Lease or Tenant's rights thereunder to possess and use the <br /> Leased Space in accordance with the terms of the Lease, provided, however, that (a) the term of the <br /> Lease has commenced, (b) Tenant is in possession of the Leased Space, and (c) the Lease is in full force <br /> and effect and no uncured default exists under the Lease. Lender further agrees so long as no Event of <br /> Default has occurred and is continuing, Lessee shall not be named as a party defendant in any such <br /> foreclosure suit, except as may be required by Law <br /> 3. Attornment. Tenant agrees to attorn to and recognize as its landlord under the Lease <br /> each party acquiring legal title to the Property by foreclosure (whether judicial or nonjudicial) of the <br /> Security Instrument, deed-in-lieu of foreclosure, or other sale in connection with enforcement of the <br /> Security Instrument ("Successor Owner"). Provided that the conditions set forth in Section 2 above are <br /> met at the time Successor Owner becomes owner of the Property, Successor Owner shall perform all <br /> obligations of the landlord under the Lease arising from and after the date title to the Property is <br /> transferred to Successor Owner. In no event, however, will any Successor Owner be: (a) liable for any <br /> default, act or omission of any prior landlord under the Lease; (b) subject to any offset or defense which <br /> Tenant may have against any prior landlord under the Lease; (c) bound by any payment of rent or <br /> additional rent made by Tenant to Landlord more than 30 days in advance; (d) bound by any modification <br /> or supplement to the Lease, or waiver of Lease terms, made without Lender's written consent thereto, (e) <br /> liable for the return of any security deposit or other prepaid charge paid by Tenant under the Lease, <br /> except to the extent such amounts were actually received by Lender; or (f) liable for construction or <br /> completion of any improvements to the Property or as required under the Lease for Tenant's use and <br /> occupancy (whenever arising) Although the foregoing provisions of this Agreement are self-operative, <br /> Tenant agrees to execute and deliver to Lender or any Successor Owner such further instruments as <br /> Lender or a Successor Owner may from time to time request in order to confirm this Agreement. If any <br /> liability of Successor Owner does arise pursuant to this Agreement, such liability shall be limited to <br /> Successor Owner's interest in the Property <br /> 4. Rent Payments. Notice to Tenant Reaardino Rent Payments. Tenant agrees not to pay <br /> rent more than one (1) month in advance unless otherwise specified in the Lease. After notice is given to <br /> Tenant by Lender that Landlord is in default under the Security Instrument and that the rentals under the <br /> Lease are to be paid to Lender directly pursuant to the assignment of leases and rents granted by <br /> Landlord to Lender in connection therewith, Tenant shall thereafter pay to Lender all rent and all other <br /> amounts due or to become due to Landlord under the Lease. Landlord hereby expressly authorizes <br /> Tenant to make such payments to Lender upon reliance on Lender's written notice (without any inquiry <br /> into the factual basis for such notice or any prior notice to or consent from Landlord) and hereby releases <br /> Tenant from all liability to Landlord in connection with Tenant's compliance with Lender's written <br /> instructions. <br /> 5. Mortgagee hereby consents to the leasehold mortgage or deed of trust (the "Leasehold <br /> Mortgage") of even date herewith executed by Tenant for the benefit of Bank of America, N. A., in its <br /> capacity as Administrative Agent (together with its successors and assigns, the "Leasehold Mortgagee') <br /> and the liens and security interests evidenced by same and encumbering (among other things) Tenant's <br /> leasehold interest under the Lease In no event shall the Security Instrument cover or encumber (and it <br /> shall not be construed as subjecting in any manner to the lien thereof) any of Tenant's moveable trade <br /> 2 <br /> 4824-7107-7650.1 <br /> STORE/Concord <br /> SNDA <br /> 721 Diers Ave, Grand Island, NE 68803 <br /> File No 7210/02-81 13 <br />