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201401363 <br /> 4. Sa long as any portion of the describec� obligation to �he Secured Party is <br /> outstanding and unpaid, the provisions af the Deed of trust or other instrument of security <br /> between th� Debtor and the Secured Party ar� controlling as to the collateral in which <br /> Secured Party is to have a first security interest, including any�ime there is a conflict <br /> between it and �he provisions of any lien instz-ument granted to the Subordir�ating <br /> Creditor by fhe Debtor. � . <br /> 5. This Agre�rnent is a continuing, absolute and unconditional agreernent of <br /> subordinatian without regard to the validity or enforceability of the Promissary Notes or <br /> other instruments of indebtedness �etween the I�ebtor and the Secured Party evidencing <br /> surns due or documents granting a security interest in the Collateral, irrespective of the <br /> time ar order of attachrnEnt or perfection of the secuz�ity interest in the Collateral or the <br /> arder of filing the Deeds of Trust or oiher instruments af secu�ity with respect to the <br /> Collateral. <br /> 6. This Agreement shall remain in full force and effect and is binding upon <br /> the Subordinating Creditox and upon its successors and assigns, so long as any portion of <br /> the sums secured as described in Paragraph 2 are outstanding and unpaid. <br /> 7. The Subordinating Credifor agrees that the Prornissory notes or other <br /> instrufnents of ir�debtedness af tY�e Dabtor evidencing the obligation between the Debtor <br /> and tl�e Secured Party may from time to time l�e renewed, e�tended, modified, <br /> cornpromised, accelerated, settled or released, without notice to or consent by the <br /> Subordinating Creditor. <br /> H�ME FEDERAL SAVINGS AND LOAN <br /> ASSQC� TION OF GRAND ISLAND <br /> By: '� <br /> Title: ,rz „ <br /> "Subordinating Creditor" <br /> �TATE O� NEBRASKA ) <br /> } ss <br /> C4UNTY OF HALL ) <br /> Befare me, a Notary Public qualified in said County, personally came <br /> � .,��- � . �w�._ as ,—� -.�.•� r- ' of HOME <br /> FEDERAL SAVINGS AND LOAN ASSOCIATION OF GRAND ISLAND, knovcrn to <br /> me to be the identicaI persan who signed the foregorng Subordination Agreemen#on <br /> behalf of such entity, and acknow�edged tne execution thereof ta be (his)(k�er) voluntary <br /> act and deed on behalf of such entity. <br /> Witness rrty hand and notarial seal an#�is�_��..:�iay of ��,,,,, r 201q,. <br /> —, <br /> a ary P lic <br /> My Comrnissian Expires: ,�;r°,,,.�,_..,� GfNERALPlOTARY•3tateolNebraSka <br /> �}fl'i .EON A.HEATH <br /> ��� My Comm.£xp.Jan.9,2015 <br />