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201503281
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Last modified
7/21/2017 2:27:03 AM
Creation date
5/20/2015 3:15:17 PM
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DEEDS
Inst Number
201503281
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201503281 <br /> interest of the Secured Party to tl�e extent of the principal sum yet owing to Secured Party in respect to the <br /> indebtedness described in Paragraph 2 along with interest and costs allocable thereto,however evidenced. <br /> 4. So long as any portion of the described obligation to Secui•ed Parry is outstanding and unpaid,the <br /> provisions of the Deed of Trust of other insh�ument of security between the Debtor and tl�e Secured Party are <br /> co�ltrolliilg as to the Collatei•al in which Secui•ed Party is to 11ave a fiist security interest, including any time there is <br /> a conflict between it and the provisions of any lien instrument granted to the Subordinating Creditor Uy the DeUtor. <br /> 5. This Agreement is a continuing, absolute and unconditional agreement 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 Secured Party evidencing sums due or documents granting a security interest in the Collateral,irrespective <br /> of the time or order of attacl�inent or perfection of the security interest in the Collateral or the order of filing the <br /> Deeds of Trust or other instruments of secm�ity with respect to the Collateral. <br /> 6. This Agreement shall remain in full force and effect and is binding upon tlie Subordinating Creditor and <br /> upon its successors and assigns, so long as any portion of the suins secured as described in Paragraph 3 are <br /> outstanding and unpaid. <br /> 7. The Sabordinating Creditor agrees tllat tlie Proi7�issory Notes or otl�er instruments of indebtedness of the <br /> Debtor evidencing the obligation between the Debtor and the Secured Party may fi�om time to time be renewed, <br /> extended,modified, compromised, accelerated, settled or released,without notice to or consent by the Subordinating <br /> Creditor. <br /> .�'��2����/ -� <br /> Steven D Kunzman, Senior Vice President <br /> HOME FEDERAL SAVINGS AND LOAN <br /> ASSOCIATION OF GRAND ISLAND <br /> "Subordinating Creditor" <br /> � � <br /> Steven D Kunzman, Senior Vice President <br /> HOME FEDERAL SAVINGS AND LOAN <br /> ASSOCIATION OF GRAND ISLAND <br /> "Secured Party" <br /> STATE OF NEBRASKA ) <br /> (ss: <br /> COUNTY OF HALL ) <br /> Before me, a Notary Public quali�ed in said County, personally came Steven D Kunzman, Senior Vice <br /> President of HOME FEDERAL SAVINGS AND LOAN ASSOCIATION, known to me to be the identical person <br /> who signed the foregoing Subordination Agreement on Uehalf of such entity,and acknowledged to execution thereof <br /> to be his voluntaiy act and deed on behalf of such entity. <br /> Witness my hand and Notarial seal on this 20th day of May, 2015. <br /> / �� <br /> GENEAALNOTARY-StateofNebraska Notaiy Public <br /> �� HOLLY NOTT' <br /> _ My Comm.Exp.October 27,2016 <br /> Subhftohf 5/i l <br />
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