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<br /> ' , � � '... SUBQRDIt7ATION AGRBEMENF �.. . ' ,�, __
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<br /> - - � � THIS .AGRE�lQ�IT made and executed�thfs, � day of ` , � ;�,��. �.�
<br /> � 'w�/k/a F I RST � -
<br /> � - - fEB. � �.�-� ,i991* 6y and between FIR&T Bl�lNR. ; �.�,.�:.,:_.,.:... _
<br /> i�1SSTSID HANK, hereinafter re€erred.�Lo as 'SubordieaEing ` , f ��°_-� �
<br /> � G�edicor•� and THE QVBitLUiD tiATiONAi. BANK OF GRAND ISLAND, �her�- f.�:.,_.: . . .
<br /> � ina€ter referred to as "Secured Party'. - . . �� y .�:�c. . :
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<br /> ., ., yi�'T[�IESS�TB; .. . � , . . . . -
<br /> ZflWES� pRAtJCHISE CORPORATIOt�, hereina€ter .refecred _° �. . _ _ ___
<br /> KSEREAS� M ,
<br /> + T� to as "Qebtor'� bas granted� to the Subor�snati�g Cred#.tor a ��c�.-�;��:�'� � � ! s: � {
<br /> rity fntere�t fn �asfous iteins a€ .personal nroperty which f��Yud:e;: . .: ;'.�`;.,;'•; :.;r.,;<;_:,- -
<br /> . . « . . . .� •i:y:.._-. F.E� ,;
<br /> . :.. - - the ic��ec�t��, equiPrent, fixtures. accaunts. , instrum�nts,� dQ�u;;,;;,>.:;`;:;; -..'� iFr r�j<�s>,::°.`�..
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<br /> neents r access ions. chattel gap ar and ai� other tang ibi� anc�:.:-;..�'�;i�:.-�-:�-�� . - '�:;�',,, �:.
<br /> , ` .�.�,��;:��`�``� intanc,��le propert� 'sn build�ng improvements a�ci 2�seiia�c� , ;; t' � . E' .. ' `r� TA:...
<br /> _ � ;.�' � in+praasn:ents - ' . . ,.,_ . ° r.._ ` . �� �., -
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<br />? � R; ..� , � ' WHEAEAS, the Secured Part� has agreed to enter i��-# ���� � �; �� • �r�r_
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<br /> � .-� ,' =_��- with the Debtor whereby certain additional funds are�"� �:l�� � ��;r:.:�t� , � . �;,
<br /> `��t':—T--==-.--=--- -- advancFd-�to"tii�e�ebtar-conditiorial upon-th��Uebtor .prtiv;€��ing ttie � . �-__ ., �� •_,
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<br /> �"�A ,6=�'�`:�� '� H� Secured Party�with a first security interest in all. �fi�a��tory, , � • a . - , ,``W
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<br /> �� eqaipment. £fx�ures, accounts...instru�aent.g, doc,t3���r 1�:'��$-5, f�' ;^`„� �
<br /> � `�` ;�' ���: � � , sians; chattel paper and all other tangible a�il-intaa��t��±�::�r�;�'�- ,� s; �<,<<,:
<br /> . �r � j� CJ _�w_�r '�E ` .
<br /> I'��. . '�Y��.��, � t ether with all re lacements, aflditions- S1T�I��`•�k?���CT�l�fl�;,` , �`�t t;:1 � - _
<br /> ,,.i, f.t...,.:.: , erty. 09 P � : . �:.
<br /> '�;� `;{ and additions theretio, whether nox dwned or herea ft��r ����r�z � � , r�.„:t-
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<br /> .. � •�� � � � attributable to the bcaldiqg•and the aperatians conz�.t��s�� ��:t�e • ; , ;.,�:_
<br />� : ��,,`,,,�,.;,�:� Debtor in Grand Islana,.: ecnder��}e name and sty���,�_ �����L��: ����'� ; ` , � .. _�_
<br /> � , '<<�`�� at 1828 N. Web�s Road; upaa �tat�`�eal estate leg��l� c��� b�� a��: � _
<br /> � �'s`�`1vEi Y}• � ' � Lot Four f4�, Cone>�:oga �North 3u1ad��,vision, an ad�z�ron� ' � . � '�-
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<br /> --�%` � �•�,''�;�� ,;; to the Cit}� af �ra�� Island, Hal� �`ounty. Nebras�Ca; � s 'f;�.',:.
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<br />. • , �;�j�Ft�;��:�%�.�� „ hereinafter reterted to as the "Collateral"; and '
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<br /> , „ ., • '•••; , �� iJHEREAS� the Subi�rd inating C r�:d itar is wil l ing to sub�r.�i- � , � . �
<br /> • �- . . . � � .� nate any lien it may t��vQ in respect to the Collateral by raason ; '
<br /> -:;r'��• of Subordinating Creditor•s filed Financiag Statements ffled of . ; � �
<br /> . :'� ' r�cord in the office of the 8ecretary af State of tha State of ; �
<br /> '�` �'�`��- • Nebraska on September 29, 19�� as instrument No. 69686, toqether - ' -
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<br /> � ��`�"'°'i`'"�� with all continuations thereoE, in order to assure the Secured . .
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<br /> Part of a f irst aecurit interest in and to the Coll�teral; . `�;,%�'•
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<br /> ':+`�";;3rf�;t;;���;'. NOW, THER�ORE, it is agreed: . •r'�;" �
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<br /> . �., , The ..F.�f�ordinating Cc��itar haroby coris�nt� rct;,�a subordi- t �' ' •r.��„
<br /> ��� t natie,� .�f ita prfarit�r� �osit�on to the Seeureci Farty, �nc! agrees ' , • ;��;�
<br /> ' :��;�r•�'.: �� �,ti ;' � tha� ��s 1 ien, if �r��.�.s�aal.�,at al l times be 3eoandar}��to the � %�;`,;
<br /> � � � • . '": •�� ',. � ex�ent herefn provid��i �ard sG�ject to the 1 ien of tha Seccred , , � .��''`��'
<br /> . Party in respect to alI inve*et�ry, eguipmenr., fixtures, accoants, � ; .
<br /> �� � . instruments, documents, accessfons, chattel paper and all other ' •.:�'
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