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_ � �•..,4 --- - -, -- - -------------- _'- ' -------- <br /> ;c� • - <br /> -c � Y^..11� " . . . _ <br /> - . :,�'-L��,y..��"",�.' c . _ _ <br /> ..` ' 4 i _ . ._�1��' � _f . . — . . _-__ <br /> ,:-:.;..: ., , _ n <br /> - <br /> - - 'k� <br /> � •=� - <br /> --- <br /> ,- �. .�� :• • .- — - _ - -_- <br /> . � . . _ ,_.. .. . . <br /> -I`�',`_-- - .xi .. ... ' .. �` L . �_ , .. - - � .--�-+ --. -� . . � , . ' . ' . --. . .. . <br /> , .. _, ♦� ' ' . • . . • - . . .. . . � . . . <br /> - - - ' ' � - ' . . _ . . . r - <br />.�. —' ----.=. ` '---- — - — --_ - �Mi��� '- '_ __ .— ..-._.. <br /> . _ � � � " . , - � � - . � " ' ' <br /> , ' . SUHORDINI�TION AGRSQl6NT ' - ���;_�`� <br /> � � - ' • . . �_ _� <br /> _ ?� . '- �-� � - <br /> -' THIS AGREE!lENT made and executed th is /�`day of �''r�° �`�*�c=� = <br /> ":,�,.� :. ���j'`�-,#^` <br /> . 1991, by and betveon FREtiONT NATIONAL 91ilNK ANO TRUST ,.F,-.:,:;;�?;,;�r�_ <br /> - ��- ' Co[�!p hereinafter referced to as "Subardiaatfng Cre�itar". and - `4 --� <br /> �� � THE OVE NATIONAL B1�tiK OF GR!!ND ISL�D, hereinafter referred • ='.:� <br />-�::.�.:';"': ' to as *Secur� Party". ` � <br />= � �= � wi�tess�ra: . - :: , <br /> ''r r; '.:i�_� <br /> .. :._. .. . . . . <br /> � ;� �i�#EREA3� �lFAGT�ST gRANCHiSS C�RPORRTI�N. herefaafte� referred � �,,. ... ... . . <br />� to as '�Debtor"e �� 9ranted to the 3uF�vrdinatfttg �reclftar a �ecu- ;;;.���� � � <br /> , - ,�r'� . rity in�Qrest.fce vazious items of per3onag �roper�� wt�€ch tnci�de t°'';`-=;_ <br /> �",�:,,',,,� <br />� � ,� -:. _ the fnven�ory• equfpment, fixturesr accounis� fnstrwAents, docu- �:.; . <br /> ` �-� ments� acdessions, ckatt�l pager and aIl other tang€ble ared E -. "`. � . �. <br /> � � ~ . �=i��� fntangible property fn bufldinq iniprove�!ents and leasehold � j ��� �.`�;.. - �� ' <br /> �� `�� ���s,��'- . - i ':. . <br /> �,�.,�� _ . fimprovements: _ � . '`� ,�-`_ <br /> _ ��. ; ; <br /> .`�t ���z� : �?' ::.:'�`. WHEREAS� the $ecu red Party has ag reed to enter� into a loan - . � ? '� - '�_= <br /> •4 "�..:�; :::�� � y�,� r <br /> -�'�;i ;Sr� . �,;.`;�;,;.�,? ::�.�,@i- the Debwr.+ahereby certain additfanal funds;a�e:to be ��.'. �.,: 'h�ef . " ��� <br /> . �j':t�'- : ;:, � ? :� �advanced tci:�the 'Di�Ei�or cond�itional upon the Oebce��.:�roviding the>.�:_� � �:,. t�,_�f�,�rr ,:_ _ <br /> �;�� r �� � , `�� Secured �P�� v�i�e�.a first security interest in all inventory, � E. _ <br /> e Y�r � 1�,,� � kg �•�� r ` , , ` _. <br /> ` ; :°� �,f�. �9.�• r . • . <br />__ . _ . ��•� .�. .,, s .�, ,e9�ip���?t��s:;`.���tures; accocnts. instrument�,�,docuneents� aca�s� . . . - <br /> " ' u�_" < < t i�'' sions c�'a�tel �a�s�r and all oiher tangiL�Le�and iritangib�:�''.3�irop- ;-` " � <br /> � ,� �,:f�%f��� • , - <br />� `'° �`�r� � � ���` ������', _erty, together witfi all replacen�ents, add�tions, substit�i�,�.ans <br /> - � ;�.�F���'r1:, ,;;..,� . . . ` ' �� <br /> . , � :.::...: ::..:.:`';<':,. �. . : _ � <br /> • . , ��•1 .. ..,t.,.,..: and additions thereto, whether na�r' owRe�,:�sr bereafter acquired, _ <br /> � ��•;-.; ,r-. :::_:::<;;� ` . , <br />� � ,; .- attributable to the building and the �g�a:Gians conduetec�,_ 5y the � ; <br /> „ � � ;;��,��-�` .' , • ,D,ebtor in Grand Island, under the name �:� 'style of Bonac��� #318 � : . � _ <br /> , . ,f;;���l��sc , � :��� 1828 N. Nebb R�ad, upon that r.e�L ��t��. legal�g descr;fied as: ; , , _ <br /> ,f< <. . .. . . i ��• <br /> �, r,� �� 'j;������Y > >. Lot.Faur t4), �an og No :. ' �r ' :.; � :, � ,:.;;;.:,,� _ <br /> . , .. , �� est a rtfi-Su d��'�.��Fan ar.r,�addition , .,r::;��. - <br /> . � ,�;. . .. '�"::;����' , to �T�e City of Grand Tslandt Hal3� �u.�.�. 1�e�iraskaR�`• �;,� � ._ :'.r'`, <br /> ,�:;. - ` - <br /> � 'zj `���q -= , - . . . � .::. . ;.,:��' <br /> `�;?�� r,. . . - :: " . . <br /> - • ., -_ hereinaft�r referred to as the "Collaterai°�.• an8 �`,''�,� _ , _ <br /> � � . � WHEREAS, the Subordinating Creditar is willing to su�iordi- � <br /> � nate any lien it may have in respect to the Collateral h�p reason � ��� <br /> � ' ' of the Subordinating Creditor's filed Ffnancing Statemen�,:�iled ? <br /> � � � of record in the office of the Secretary of State of ttie ��ate of � . <br /> � . .� i.r,.,;_., � Nebraska on Augus� .4, 1986 as Instrume�t Na. 350�2�;,: tc�g��ther � . � - - <br /> ' ��F�l.t'..:l,.. � . <br /> , •� , ��,j,y�Y�;, wreii,al� continca�:�o�s thereof, ::n�: �order to assu�e�`..�lie w��yured , <br /> . � � • ' F���:f�.t� a-.f irst ���writ�r .inter,"�s�.�3n and to rhe ��i��.a��e���; . � <br /> , , . ';1.7CL��� '�HEREFORE, it ,i� :a��'r��,�.. , . � _ - . `.. . , <br /> . .,,. �, .. ;:....' :' ... , . : '�, .�:,;�:' .,.;, , , �.�: <br /> . . . , ' _ . .. i `` , , r. <br /> � . �� 1. Z1ie Subordinatin���C��3:�.�ai�hereby consents to�,:� �s��.�vrdz�-�.. j� �f�`,trt��, ,. <br /> . • �iatYon af its priority �o�,ztio� to the Secured Party asir� 4+��r�eL���;:`,.';,:� ; � :r ��', <<, �,, <br /> . . . . • �trat its�...lien, 1E any, s�a��.i at all ti�res be secondary�,t��,;;�t��,�-,. �:.�:.'..;:' � I: . i�t,,,.�f,y';:; <br /> � • �L�c"r,en,t`t���ein provided a�r�: �subject to the lien of ,the ��4�+„^r��z�"�,°;�;.; '` +�4%: <br /> .�,, . . ;�, � # �f.t� <br /> ' �''i' � ���'ar� ri`rn.�es ect to a 11 ' inventor , e u i ment, f n�c�u:ces, a�cau nr:�,:" • �,.;, ' , r� <br /> ..�.;,;r;,:,�,.;w� Y;''�, P Y 9 P .. <br /> ! 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