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<br /> • THTRD-PARTY LIBNHOLD$R'S Af3RE8M8NT
<br /> -:;;�:,,:_ . � This Third-Party Lienholder's Ag•reement is made a� of
<br />�`=�" ' . thie � day af ,r..,M.�nr.� , 1997, by the Five Potnta Bank
<br /> ' ; , (BANK) , Third-Party Li.enholder, in favor of the Nebraeka Economic
<br />�: '� Development Corporation (CDC) and the United Statea Sma11 Buainess
<br />.��;�;�.�h Administration (SBA) .
<br /> r '
<br />� vAL:'r�.;:N'.., , _.
<br />_'�-c�r+ti�'�e�. Purauant to the Authorization for Aebenture Guarantee er�tered -
<br /> ' into between Video Kingdom of Grand Ieland, Inc. and Video, Inc.,
<br /> :'°.��.�: �'' Nebraeka Corporatione (SBC) , and CDC and SBA, and in order to
<br /> induce CDC and SBA to lend SBC funds as set fortlz in said
<br />�, " ,` authorization, the BANK agrees aa follows:
<br /> Yl�';:���' '', (a) confirma the extent to which the BANK'S Loan hae been
<br />�,�^�Q. �',;
<br />,ir �_.. .: fully advanced as set forth in memorandums herewit
<br /> �� »rnvi tlacl J
<br /> ,:_'Aie-;,T,.� - r--
<br /> i'1 '''
<br /> .. r...-.
<br />�..• �;, �
<br /> '``=����� �=�;�' (b) confirms that no future advances aha11 be made �a SBC
<br /> Rk- •
<br />!'\'•h.:�, . .� /
<br />��w`f,�:;:_ pursuant to the HAPIK s Interim Construct on oan or
<br />=w.��;:,".'';::;a � renewals ther�of tha� are collateralized by the BANK's
<br />=�; '''`"''�'•�` Deed of Trust and Securi�y Agreement, except advancee to
<br />�',.�;, .,.• _
<br /> � ""' "�r"'� preaerve and protect the collateral or the BANK'e
<br />;,�;,...�..;��
<br />�-,�.t��� ° intereat in the collateral (including foreclosure coats)
<br />;�,�,:���;`�,., and confirme that Bank's financing set forth in said
<br /> --�r�.���� authorization will not be crose-collateralized with other
<br />��=L�� f inaxicing provided by Bank nor shall the Bank's note have
<br />-s:=:�.'rn`_��.°`� an earl.y call feature, any demand provisiona or any
<br />��:..'°� ' ' requirement for a balloon payment prior to the end of the
<br />--'-�`""'°'� fifteen year nnte. BANK further confirms that any lien
<br />-: .=I m�
<br /> L`�'��¢�-� aecuring any aum advan.ced to L-he BORROWER by BANK after
<br /> ,� �x.,;::_ .
<br /> _,;�;�?R:��, the date of this agreement and any prepayment penalties,
<br /> ��`'"�'���� late feea, default interest or other default charges in
<br />.�_�. ..
<br />-;,;;__ connection with the BANK's loan will be aubordinate to
<br /> �... .
<br /> the lien created by the CDC/SBA Deed of Truet or
<br /> Mortgage;
<br /> rI (c) waives as to the CDC/SBA lien any provisione in its deed
<br /> • I of trust, mortgage, or security agreement prohibiting
<br /> � i further encumbrances, a description of said encumbered
<br /> 1 real eatate being shown on F'xhibit "A" which is attached
<br /> ' hereto and incorporated herein by this reference; and
<br /> , I
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