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<br /> , ' . SUHORDINI�TION AGRSQl6NT ' - ���;_�`�
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<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: . - :: ,
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<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:, ,;;..,� . . . ` ' ��
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<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'`,
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<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 � . � - -
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<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��,�.. , . � _ - . `.. . ,
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<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%:
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<br /> � :{;...,.r.,::� instru�ren:C.s, doc�ments, accessions, chattel papee;arrd �L� ather '�� +�s,
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