Laserfiche WebLink
� � ��15�1791 <br /> �n���-es�of�he Secured Par�y���he exrenfi of th�pi�i��c�pal sum ye�owing�o Secur�d Par�y in respe���o�he <br /> �ndebtedness descY•ibed in Paragraph�a�o��g w�th i��erest and cos�s allocable there�a,hawe�er e�idenced. <br /> 4. So�ong as at�y por�ion of the d�scr�bed ob�iga�ian to Secur�d Par�y is outstandir�g and unpaid,the <br /> pro�ris�nns of�he Deed of Trus�of o�her�nstrumen�of security be�ween the Debtor and�he Secured Pa�-�y are <br /> cflntrolling as�o�he�o��ateral in vvhic� S�cured Par�y is to have a first security in�eres�, includin�any�i�ne�here is <br /> a confl�c�between it and the p�-o�isions af any�ien instrument granted ta�he Subord�nat�n��reditar by the Deb�or. <br /> 5. Th�s Agreem�n��s a cont�nuing, absalu�e and uncandi�ianal agr�ement of subordina�ion withaut regard <br /> ta the�alidi�y or enf�rceability of the Prom�ssory No�es or��her instrumen�s of ind�btedness between the Debtar <br /> an��he SeGur�d Parry e�ridenci��g sums due or documen�s gran�ing a security in�erest in�he�allateral, �rrespective <br /> of the ti�ne or order af a�tac���r�e���or perfection of th�securi�y interes�in�he Ca�lateral or the or�er of fi�ing t�e <br /> Deeds of Trus�ar o�her instruments of s�curi�y wi�h respect to th��olla�eral. <br /> d. Th�s Agreemen�sha�i rema���in fu�� fo��ce and effec�and is binding upon��e Subard�nating�reditor and <br /> upon �ts successors and assigns, so �o�ag as an}�po�-�ion of�he sums se�ured as described i��Paragraph 3 are <br /> oufisfia��ding and unpaid. <br /> 7. The Subordinat�ng�redi�ar agr�es�ha�the Pr•am�ssory Nofies or o�her i��strumen�s of�ndehf�d��ess of�he <br /> Debtor e��d�n�ing���e obliga�ion be�ween t��e Debtor and���e Secured Pa�-�y may frflm�ime to time be renevved, <br /> extended,modif ed, comprom�sed,accelera�ed,se��Ied or released,v��i�hout notice to or consent b�the Su�ord�nati��g <br /> �red itor. <br /> � - <br /> Barry G. ands rom, Pres�den��nd C�� <br /> HDN�E FED RAL SAV�NGS AND L�AN <br /> ASS�C ATI�N OF C N �S . ND <br /> " uhordi in r 'to�•" <br /> v � <br /> Ba�•ry G. and ram, Pres�den�and CE� <br /> H�ME FED AL SAV�NGS AND L�AN <br /> ASS�CI TI�N�F GRAND �SLAND <br /> "Secu�-ed Party" <br /> STATE�F NEBRASK.A } <br /> �SS: <br /> �ov��Ty oF Ha�L } <br /> Befor�m�, a Na�ary Pub�ic�uaiified in sa�d C�un�y, personaliy came Barry�. Sands�rom as Pres�den�and <br /> �E� of�OME FEDE�AL SAVINGS AND L�AN ASS���AT��N, knowr� �o me ta be t�he id�ntical persan rnrho <br /> signed the foregaing Subordinafiion Agr�e���ent on beha�f of such en�i�y, and ack��ov�ledged ta ex�cu��on �hereof�a <br /> be���s v�lun�ary a��and d�ed on beha�f of such e��t�ty. <br /> �]Vi�ness my��and and N o�a�-�ai seal on�h i s 2�th day of N�arc��,��1�. <br /> , , ��NERaI�iDTARY-�ta#��N���ask� <br /> _. ; .. . . <br /> ��, <br /> . <br /> 0 <br /> t ub��c <br /> �� NANCY S�{�IAPP....--- -.--.................-...---........_. . ............. - -�- <br /> ��'���... My C�mm.�xp.A��.1 B,���5 <br /> Subhftohf 511� <br />