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201701110
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Last modified
7/28/2017 2:09:14 PM
Creation date
2/21/2017 9:40:30 AM
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DEEDS
Inst Number
201701110
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2� 17� 111 � <br /> i����res�of the Secured Par�y��the�xten�of the princ�pal sum yet owi�ag�o Secured Party in respec��o�he <br /> i��debt�d���ss d�scribed in Para�rap��2 alo�ag w��h interes�and cos�s allocable ther�to,hovve�er e��denced. <br /> 4. So��ng as any por�ion of the describe�o�ligat�on�o Secured Par�y is ou�standing and unpa�d,the <br /> pra�is�o��s of���e De�d of Trust of other instrumen�of security betv�reen the Deb�or and th�Se�ur�d Pa�-ty are <br /> con�ralling as�o���e ColIa�eral in vvhY�h Se�ured�'arty�s�o have a firs�securi�y interes�, ���c�udi��g any�i�ne there �s <br /> a conflic�b��ween i�and�he pra�isions of any�ien�ns�rumen�gran�ed to�he Subordinating�reditor by the Deb�or. <br /> 5. This Agreement is a con��nu�ng,abso�ute and uncanditiona�agreemenfi of subord�nation without regard <br /> �o t��e Walidi�y or enforceabilifiy of the Prom�ssory Nates or ather instrurne��ts of indebtedness between the Deb�ar <br /> and�he Secured Par�y e�idencing sums due or documents grant�ng a security in�erest in�he Co��a��ra�, irrespective <br /> �f'�he�ime or order❑f attachmen�or perfection of the securi�y interest���fihe Co��a�era�ar�he order of filing�he <br /> Deeds of Trus�or other zns�rumen�s of securi�y v��th respec�to�he Coliateral. <br /> 5. T'his Agreem�n�shall remain�n full force and eff�ct and is l��nding upon the Subordinating Creditor and <br /> upan��s successors a��d assigns,so long as any por�ion of�he sums s�cUred as described in Parabraph 3 are <br /> outstanding and unpa�d. <br /> 7. The Subord�na�ing��-editor agrees�ha�t��e Pram�sso�-y No��s or o���er ins��-uments of i�adeb��dn�ss of t��e <br /> Debtar evidenc�ng�he obliga��an between�h�D�btor a��d th� Secured Party ma}�from�ime ta�ime be rene�ed, <br /> e���nded, n�adifed,compromis�d, accelera�ed,sett�ed or released,v����hou�no�ice to ar consen�by t��e Sub�rdina�ing <br /> Credi�o��. <br /> , <br /> f� <br /> � <br /> S�eve�.unzman, Presid�n�and CE4 <br /> HflME FEDERAL SAV�N�S AND L�AN <br /> ASS���AT��N �F GRAND �SLAND <br /> "Suba�-dina�ing�reditars' <br /> S�e�e�.unzman,P�-�siden�and CE� <br /> ���M�FEDERAL SAVINCS 1�ND L�AN <br /> ASS��IATI�N�F GRAND �SLAND <br /> "S�cured Par�" <br /> STATE flF NEBR.ASKA � <br /> �SS: <br /> ��[.�NTY�F�ALL } <br /> Befare me, a No�ary Publ�c qualifi�d in said �ounty, personal�y came St��e Kunzman as President and <br /> ��� of H�M� FEDERAL SA�IIN�S AND L�AN ASS�CIAT�ON, known to m�ta be the iden�ical persan rnlho <br /> s�gned the forego�ng Subord�na�io�� Agree�nen� on behalf of such entit�, and acknowle�ged to exe�ution �hereof ta <br /> be his�o�un�ary ac�and deed on be�aalf of suc��e��ti��. <br /> V�i�n�ss my ha�d and No�ar�ai seal o���his � � �� day of February,2�17. <br /> _ tary Public <br /> GEI�ERAi,NQTARY-5�at�of N��raska <br /> ��� NAN�Y�.KNAI�P <br /> ' My Camm,Exp.Au�ust 18,2019 <br /> Sub��ftohf 5111 <br />
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