|
.��;,-�..��-T'`- . . ;�-J'y;'_'7.__'��a;�+i.,'�-'.`L�','..1� . . .
<br /> ';F�::e � � _ —_."�L _ (.
<br />. A ,� � __ e
<br /> �� T.Fi..t.f
<br /> .�'�( • ' � . . .. ..` ..?— � _ - , f -
<br /> ��' .i,� 5 ' � ' � t ��-, z r...t . � ,
<br /> �i , �` S . � : n , `� � `1 5- C-_ [. f- ( .
<br /> . � _ L• 4 , . 5... r4-� t` �t: . ' f . + �'fF G. � .. 4 `f � f L.
<br /> �� �, f S S �, �. i �� 1` � 5; t 5 t � . � f . Y � {. ' - c �t .3 . .�,
<br /> � • < c�s.4 _C �' �'¢f . h � y . I' ! c �. � S �� r-Y,�4 t 'f• �}s;�� _� ec � s_� ._...tr_c t- � � c - : �
<br /> +clF.� �-t t ; c ,3 N�'i� - • -�c'.s � 4s �,.F �< -��`�_,�i.e�.�.--�c�. t c�.. ` ._�o:...._:r_-f- 4
<br /> ��..€..r..1`'t_V_..--�� <2"�IM t'
<br /> `` ,�. Y� _ :y��J. S -
<br /> �<.: y. ' _ "f�'�''
<br /> F .
<br /> r'` _ - {�� y�- �o��� X ,����
<br /> _ ��, . _ :_in`
<br /> _ t Y� �
<br /> .. -.8. . :. • . r.`
<br /> -` :N:= iv) any requirement of diliqence on the part of s•�
<br /> _ 'i:;° �"- `t:"'' rlationsBantc; � "�
<br /> � �( � , - � o� NationsBank to , -
<br /> - �'-,-_-- -_�f:,,`,}. v) any requiremeat on the part x .__ ,
<br /> _- mitig$te damages resulting from any dePault _._.t. :
<br />—__ � ` '''F° :" :`� under the NationsBank Note, the NationsBank ��F�,,,".
<br /> �=;:.� � .
<br /> -=3:� securit A seahen� or
<br /> � ��7F' OB�� the NationsBank Y 9'r . '
<br /> �:.� ..r:�� :� any other Loan Document; and . . _
<br /> z :_ �h.-�..� G t <.�;e .
<br /> yi� any no�ice of any sale, transfer or other - } :-.
<br /> s dispasition of the NationsHank Note by any �f 5 . �
<br /> } � sale, transfer or other disposition thereof 1 ; -
<br /> _��.- _ ___�L'_. �y �,�,�L G c �.t�.
<br /> __ �_— � ltat.l�n$D011�• �'f ;:Sv
<br /> ; 4� - ` Subordinate Lender•s ob2igation undex these b .
<br /> C.._ ' .
<br /> ,� �_` subordination provisions shall continue to be effectiv�t in "`4 �
<br /> - '`- ��`. `�� be reinstated, as the case may be, if at any time PaYm -�. :f::-�;
<br /> � -� respect of the NationsBanlc Note is rescinded or must �°� _
<br /> . �c` _ ,
<br /> ,�F .�;, , � , . � otherwise be restored or returned by NationsHank upon the `i -,�:
<br /> :: �� -''� eccurrence of any bankruPt�Y proaeeding oP upon or as a -- ''_
<br /> C:: ....
<br /> L �"� '-�"�� result of the appointament of a receiver, intervenor or
<br /> �:.:���: �. `��.,�;?;_ .
<br /> ,�•,���-: � � c onservatar of, or trustee or s imi lar of f icer f or the .
<br /> ,,�. .=-=:-- -. ,___ .M1 or .: .�;..r_,
<br /> - ,' Horrower or any substar�tial part of its property ,--r,.,:
<br /> -�`��'�� ''``:'` ��..,._�:;':; otherwise, all as though sucli payment had not been made.
<br /> r�._ _
<br /> .,�..
<br /> ��{, .. .� . ,�-t'' (h) Nothinq contained herein shall impair, as between _
<br /> + -%.�d
<br /> the Borrawer and Subordinatg Le�der. the obligatian of the
<br /> ��� :'��` Borrower to pay Subordinate I,ender all amounts paysble under � �• �
<br /> °``-`�� � � � " the Subordi.nate Note as and whem the same shall become due ;,�,�:::�,;�;�:
<br /> _ � ';�.... �� :.. .._..
<br /> . , ` ,;:�s_. and payable in accordance a�ith the terms thereof, or prevent .� .t.
<br /> `i� '' . � _� ( Subordinate Lender from exercising all rights, power and �_�-°` ;__:
<br /> . ' �.:�'� . . :: :: �
<br /> ,;�: -: ,.� . , ....�:,
<br /> "�-�3 remedfes othertirise permitted by applicable law or upon a `� � �:
<br /> -~���. � � " -��' default or event of default under the terms of the '��'s- � ;�-
<br /> ''�` � � � Subordfnate Note or any loan document qiven to secure the �,
<br /> :,_. . � _�:i
<br />'-`;;��f`� *: ` Subordinate Note, all sub jeat t� the rights of Natf.onsHank _ �-_;,�.:_�
<br /> '`�'` ., as set forth herein.
<br /> -.��-;,+ � . , containecl "��'� '" _
<br /> •�• d� to the contrary � -
<br /> :,,�, ..: . : ..�, (i) Notwithstanding anythin9 • �
<br /> ����� �' � � �.<Y� in this Section 1, Nations8ank acknowledges that Borzower _ _
<br /> , .�.-.:�,+: ..
<br /> ,��•...�; ' .� c.'. � shalY be granting to Subordinate 7�ender a first priority , .;�;•�';
<br /> � i� -�.i ' '� .`° i lien/security interest in aaid to that certain real and
<br /> '�' '�` ' �" � ersonal property located at 1808 South Locust, Grand _ - -
<br /> . ��-�� �• � p iJebrasl�ca 68801 an8 being more
<br /> ,;���:.-:.-.�.- �. . .- - . , Islamcl, Aall County. ,� ,�. -
<br /> ' "� �•• � articulasly described on the attached Exhibit A
<br /> ,�.'�. • � � ..., p . : .
<br /> .��n�.�.. `. ;:
<br /> �. ..
<br /> �-'�";; � �... � � �" 2. N�tionsBank may, at its option take any action, -
<br /> :,�,
<br /> ��`�"� � � ,.,. ��; • accelerate payment of the NatiansSank Note and foreclose ar ,,.,
<br /> ��.• :. :... . .
<br /> ��:..;� ,� realize upon or enforce ariy of its rights with r�spect to the
<br /> :}, ,.,. . . premfses and/or the Collateral, without the prior �aritten consent .,
<br /> � of Subordinate Lender, and Subordinate Lender does hereby waive
<br /> `"��� �." have to re ire a "commercially reasonable ��_< .A-.
<br /> � . . • � � any rights it may 4u •
<br /> '�:�,;�_, � •±. `� sale" thereof under the tTniform Commercial Code in effect in any .
<br /> �;'��:'� : •��' state in which any oP the Collateral may be held. NationsHanlc
<br /> . �.... ,
<br /> .�'` ,; • ' �
<br /> '�Y�:. • • � ; i -5- �
<br /> ::�.:, _ � • . .. . .
<br /> .�•.•: ,
<br /> t. ;
<br /> ::�.- - . . � .
<br /> 3�' ' . � .
<br /> ����• . j _... . ..i'�
<br /> .. ���.��� � __ . . . '
<br /> E..,.. � ' � -- - '-- - - � - � - , ..
<br /> aT ' ..:. � , .. � , .�. � . � . . .. .
<br /> , .'X'., . . . � . � - . - - . ' . . . . ' . - '_
<br /> ��. • ' . �. � ' �. . . . _ • . • _ . . - � 1 ' . •
<br /> i' -t_`. .. � . , � � - .,. � ' . . .• :.. . . . . � • • .. . .
<br /> ',:�: . . . ' ' • . . . . � � .
<br /> R: - -- . . _ __ . . J ---. -- — , .. - -
<br /> ' ,.. � .
<br /> �S. . • � . '. � ' � . � ..
<br /> .. � ,
<br /> � ':_ , , . . ' .. •
<br /> - . , . �,,_„�,- • ,.._..:
<br /> ,• . , . . • . .
<br /> , .. . .
<br /> _
<br /> . ..
<br /> .
<br /> ..
<br /> , --.,,.. .. . ., .. .��. • . . .. . _ , . � . . . . . . . . . ,� . .. . .. ' . •
<br /> .�.- '"�
<br />
|