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�� _ S % V . 77:7■ • • s V■ r ....' Y;. ,,,..a..., ,....lima. UMW\ EL RE- RECORDED 20160467:3 SUBORDINATION AGREEMENT RECITALS Owner holds fee simple title to real estate legally described as follows: CD u iN" After Recording Return to: NEDCO, 4445 S. 86 Street, Suite 200, Lincoln, Nebraska 68526 Lot One (1), Lemke Subdivision, in the City of Grand Island, Hall County, Nebraska. This agreement dated for reference h1AR 0 1 2016 ( "Subordination Agreement "), is made by and among: the SMALL BUSINESS ADMINISTRATION, an agency of the United States of America ( "SBA "); Heritage Bank ( "Lender "); and Kelan J. Kava ( "Owner "). SBA is the holder and beneficiary of a Deed of Trust executed by Owner dated February 19, 2015, which was recorded on March 3, 2015 as Instrument No. 2015 -01277 This Deed of Trust ( "SBA Security Instrument ") was pledged to secure a note in the sum of $92,000.00 in favor of Nebraska Economic Development Corporation ( "CDC "), which evidences a loan made by the CDC to Kelan J. Kava ("Borrower") under SBA's 504 Loan Program ( "SBA Loan"). Owner has also executed, or is about to execute, a deed of trust in favor of Lender, which shall be recorded concurrently herewith. filed as Document No. 201600534. January 28, 2016 This Deed of Trust ( "Lender's Security Instrument ") secures a note in a sum not to exceed $99,500.00 dated , which evidences a loan to the Owner made by the Lender ( "Lender Loan"). Lender has requested that SBA's lien position on the real and personal property described in the SBA Security Instrument ( "Property ") be subordinated to the lien position of Lender's Security Instrument. SBA is willing to do so provided that it retains its priority with regard to all other legal and equitable interests in the Property.