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_ - •.-' i. ..'�.....:n�.E.�c;�...=r�y�:1;1� . . <br /> . .« _ .- . . _ _ . . . _ " _ <br /> . __ .. f - . . . - .. - - ' __ <br /> .. _. . . . •..- '" — . . <br /> t ' � C <br /> �� . _" '_�"' ' ' _ _'_'___'_"'_""'_"__—__"_— .. . . . .._ -- _— <br /> . . . ...._.. . ' � . .. . . <br /> . . . .. . . +ti .Yky ;��9:.. . . . . . - <br /> � ' �.. .... - • . ' :: . .._ - . . . . - <br /> . . : .� �.� - ..�.r. :,-._.�� ' : '.i - - <br /> ... ..... � . <br /> . . . _ - - . '�,:+s ' . - - _- - , . - t-� <br /> _. � . . . _ - . �� ._. . � . . .. .. _._ _. . . . _ _�_�....._._---_— __ . <br /> - - . - .. . : . _ � ,_.s aea+ar _ - . ... . _ _, <br /> �... .. ....,� ...i!�fc�• <br /> . . <br /> ... .. <br /> . . . .-� � � TpM • �-� ' <br /> _ `�_ . — .: --.-.—_-..' <br /> . -�-- _ . .�.....- . . _ _ _ _ _ _" ._ . . _ . . - .. ." _. _ .. <br /> . ' . 1 •... . . ' ___.. • . . . . , , . .. . . <br /> , ..��� �'� +. . . . . � r ��� `' .. . . ' _, <br /> _ , . sr. `��."'":` ��.� _� , — <br /> -��_ . �. . . , � �_� <br /> �-_�_ <br /> � • � tanqfb.te arW intangible property: tcgeeh�r wfth al! replace�enta� � ---*; � _ <br /> .,,,«_ . ' � � �' � �:. <br /> addi�ions. sub�titutions a�i_=a�ditions thereto, �Rether now oxned .. ' . ��,, y �_. <br /> � � or hereafter acq�iredr actrit�.tiab�le _to .Lh� bufTding aru� the, opeic- ,��`� ��_�;°� <br /> - � �. ations=.coriducted by the aebto� in Graad �sland, under the name ; � �,::;�;;'�� <br /> � �•• : , and style �of Horianza � <br /> 3I8 at 1828 t�:,:t�iebb Road. �� `" � ':�'�` <br /> _. , . <br /> . . . � .., , << . . <br /> �:<<. - . _ .. . - - <br /> � �. � I;:' �` <br /> � � � 2. �e Subardinatinq Creditvr hereby consents to the qrant- `.rt � <br /> isig by the Uebtor to Ehe SecuXed Party of_a fi�st security inter- � � �•�_ � � <br /> ��� - ara ra h 1 of this 3ubordina- �: • ; ���` . <br /> ` e s c i n a l l C o l l a t e r a l d e s c r i b e d i n � , g P <br /> � tion Agreement. � � � `y' � <br /> �;.� �� . - . <br /> �•-� . .. � � _ . <br />:= �: :,-.'� �: .�:..�� <br /> " J�}:=.� 3. So long as an obligatioa is outstanding frora the IIebtor � � ::�� �'' <br /> .� �-'�� to the Secured Party �for indebtedness evidenced by Froa�ssar7t � � -� �. <br /> ���'��,�I��`y_ f 3 : <br /> . -f:x . t�u�.es or other fi�st�umc�nts of indebtedness. the Securcx� Par�y°s , _ <br /> _; , <br /> ,,, <br /> ::�,"''.,. ` ` ..-`:=: fnterest in �the Callateral shall have priorit}� to the extent of ' : <br /> ���.�.,,,.:�:...� ' <br /> . . <br /> �..:_ .... . :' <br /> tQe autstandfng oblfgat�on�owing ta the Secured Partg: b� reason : _ _ . <br /> : .. of the abave-meationed Fromissory Notes ar other fa�s�p��.�ents of i` � . <br /> .i't.'...�.._;�r.,F.r'i',. .�fliJ�rd i naz ir� � ,� - .. . . ... <br /> �'` �L�,,�_ �-._j:;. • ed e c F f n c rig tatement �, ,# � <br /> � � . ;, � indebt ness ov r he an i S s .of:-C�t -° g - r ,. . <br /> 4. 'ryr,�.�: . Creditor in�that Collaieral. and the S�trorc��'r,��:ii%�`��z��['or�.�. �".., ��t. .f .�� �-�-. <br /> r <br /> � �,,;r•'r�� ` . � ' '�,;, interest in that Colla�eral is. in alI respe¢�•i��.'�#����� a� ��- � . '�<r`�. . � »f". <br /> ,r •`! rb_�''''-',:. <br /> ;�;:� =���-?-,;.�_ ordiaate to the extent ci�. the obligatfon outstandf%i�:,;� ut�paid - . __ <br /> �:;W%�'� . , , to the sacuri�y _fnter���`of the Secured Party. h�we�t�� �►€det�aed. � . . jf ,: = <br /> . , , . `' '` ' `'r: <br /> " ` � � - � �` 4. So long as an�.:portion of an obligation is ouestarie�,��n��.,. ��'���'' <br /> . -. .. - .�" " � , . and unpaid, the provisfons�`o� the Fitxan�`inq Statement and �5��` • . , . : ; i.fr{. <br /> � ,^� � rfty Agreement betwe�r�`�the Debtor and:�fie Secured Party are cbr- `� , `� •� ' <br /> : •,. = : . -,:.... <br /> � ,,� <br /> �''��`4 = crolling as- co the Collateral in whict�`�e:�cLred Party is cQ - <br /> �. .�: ,::� �L , ', ����' have a first security interest and in .�ii ;ea��� in which there is ; �< ' - <br /> �,` ,.{'�'�' %`� ` - � a conflict betiween it and the provisicrr� o€;"� Financing State- �, . �-��; = <br /> �'•:ir'�' " , •, , .. , - <br /> =��. ment. Security Agreement, �lortgage .or':i�ed 6€� T'rust r�eanted to . � ,.{�,� : <br /> 1� .,�` � -'r,;'� � the .Sa:Dordinatfng Creditor by tha �?t)e����. . �5�� <br /> ' �.: � . - "+ ;: , ��,.; . `�rYT. - <br /> ...,�_� ,� ' .. . •_:.;:Tn!:'= <br /> - �� • � 5. This Agreement is a ��ntiri�3szsg, absolute arcr�'��:ncondi- � .,,,.,, <br /> � , • . � � tional agreement of subordination w�thout regard to th.�-.va���ity . � ; . . ,.;`��f�; <br /> � ` � or et�forceability oE the Promissory Notes or other ii��.rnzme�ats of i; . : .. � r <br /> indebeedness Detween the Debtor and the Secuced Fa�y'=.L�idQncing � .: � . - � : <br /> • � � • sums due or documents granting a security int��r��'���i� �C.ize Coltat- -. . � ;, _,., � ,. ' <br /> �. ,.j;, , � eral, iticespectfve of the tim��or ardar of atu��'�iiis�+�tt�'�it pecfec- �: .;.� !�;;.<�,!%�-� � <br /> ;�,,'���;.:, . <br /> ��� tion of the security interest fn the Collate��i'_:;���.`ttz� order of ,�%�•.�.Y�,;r�'.; - °� ' <br />• . .+1',�;rrr. ,. . . . �:'�;�:�it.'�� . <br /> � ,. ,.;., f il ing the F'inancing Statements, Deeds of Trusc ar�:'�!�a�tgages with ��•� ., <br /> . ,.;;;. - r: . ;,�.� - respect ta the Callateral � � � ` ,. �- ;f�� <br /> .4��',��'.�._. <br /> :�i�r� ,�r.ii,_ ' .IYf1N � '.;. .` �'. ', , , — '— irt��'��:y:�'�i <br /> ;y .. �:� � !� '.•,. � ,•, J' fi .i�f:tst::. <br /> �'���' `'''� ���'�-�"�'-��� ' � 6. This Agresment shall rema�ii ��i►� full force and ef�ect and . . � `�'`�T�'' � <br /> .,; �: t,,.. <br /> %,�li;, u r,l�;�;��i��`�.,�,,:;,Yt , . , , <br /> � "`. ;,"'').!!.':r•;%`"�!:,i;•'•��'ie�� is binding uQoA the Subordina��r����C�te�itor and upon its succes- , . <br /> "� r''�'�`�r`` '� ``�"` sors and asss.��s. so lonq as�,ars� po�ion of an obligation from � '� � � <br /> � ' •���,;.j j�i'�,i��t���1��,•� � , , <br /> ' •�' `.�``�� the Debtor ta the Secured Party is �±a�+:standing and unpaid. ? � <br /> . .:,; �f:�,���,a. <br /> , �.•.'�,r,��•. ; ,. � <br /> h• " . � ��.�.,�; • <br /> �� • � ``S'• 7. Tbe:,&ubordinating Creditor a+;�ees .that the Promissory <br /> 3 ��":.f;;�f�Jt �_�� � . Notes or atti�� instruments of indebtedness a� the Debtor evidenc- : <br /> :.. }�`�;�;. „ • -. ing the ablcga�ion betw�on the Debtor and �J�►.�� Secured Pazty, may '' <br /> :;-,.�,�,,:. : ; `�:,�,',fi!?��' ' ��: frcom �ime to.�Gime bo ranewed, extended, modif ied, compromised. � � � <br /> ,;,,, ,;. :�,.: . <br /> �'i: t ��1�'ti,i�;4�f,. ` . . , .. � .� . �. � <br /> -�'`�!�r�1�'✓:•, � ' { . ' ' . . , .. - <br /> . �r. • , 't�y��,� � � ..; <br /> ' � , 4'`,:�,%„ � •�:; <br /> . �,�11�i' ,., . • • � ��a," '�}�; . !.�'- <br /> • 'c�, •. ; �.r �r. � . , ' �� t•'' <br /> .k`�1"�t`� (; f1�f, , , f:,i.,:''. � , <br /> 1� : � ,�:y.fL 1. � � _ .�f 1 .(I:. . <br /> , � :'.G'i';>;��� . ',�. �t ti} t �. ` � : , • , s�.. � . <br /> ,f':, ��Sf,tJ�{ S' '. . " <br /> ''. • , . ;}J'`}: ' ;+... �;: <br /> , i i j .. ,•i'•.,•:i�' . . . 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