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<br /> �.�� _ . La�ngible and intangible property, tagether xith aI1, repiacetr.ents. . •`�L'�' ' .� �� -.-
<br /> :�,` additions, substitutiona and additioas chereto, s�flether nort owned, . �`'`�°,�J=-,:=�`:�_�<_
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<br /> or hereaftex acqu�ced. attrihutable to ihe �bui�8�ng� and �he�opes�- i�: °���°��:' -= ,,-:.`
<br /> - ' atians canducted by the Osbtos in Grand Islancl, under the nan:e k . :i•`�
<br /> . and style af Bonan�a l328 at 1828 N. Webb Road. � � � ; ' - . ��
<br /> - �-� -
<br /> � 2. Zhe Subordinating Crec�itor hereby ca�ents �tQ the g�a�t- �- � . . . �
<br /> � - ing by tihe Uebtor to the $ecured ,Party of a €f rst sece�rity inter- � �
<br /> . `�` est in all tbe Col latera l descr i b e d i� p a r a g r a p h I o f t R i s S u b a r- � _ --
<br /> d inat ion Ag reement. , . , . , � . - . -,� -- -- .
<br /> % y���� . ° - 3.- So long as an oblfgation is o�EStancling fron� the Debtor � _
<br /> ��f`�-: ,� r� � � to the Secured Party for indebtedness evidenced by Promfs�csry � . j- ' ��, � �j s`.�'�
<br />��t��s; ���`. �.. • � � ::� Notes ar other instrua�eats of indebtedness, th�e Secu�eii. �Fart�€'s. f r �� `rr ` a x.�;
<br />,..r�r,S .F �. . .,1 � .. , `� . r
<br />�:���- � � interest ia tbe Collateral shall have priority �Q the� exte�t.t of_; � � �, .�,t.- ,..���-
<br />-5.i y�-tE�`,r_ �t`.� �l'. .!'r� _ ; :.
<br />�C��'F:a• ::� :Sk� ���'J��F/`�t�, . r `� � <�
<br /> the outstanding obiigation aafng to the Secured FartY by .�c�ason �=:'::;�_.�-,+.`- ::, �,^ ,
<br /> ,�,� .3� -�� t•.�f � . a�:�
<br />_ .*��"�:� � 3; If. .<< of the above-mentioned Fromissory Notes ar othet�instrumen.ts.of ' . .:.. �.;�3i'�`�;.
<br /> � .. R ,.. ,r. ,
<br /> , .� ��'�� .�`' ` �� i»debtedness :oster the FinancinA Stateirtents o�. che S�bordittat��ng. . �?`.;;= ' F(f/ f� ' "'
<br /> �G�f _ . ���• ,` 7 l � ., . .'t � f�4St ,��,�y}�1"`- .
<br /> �u - � �,��'" �:-, �'Ciced:t�oic in chat Cal�ateral, and the SubcsrcFfnating Creditor s� ,:. , . ���v�� r,� ��
<br /> � ��•,r.�' r �.�:?� s�`
<br />`��"��- �.��'_�;T�4� �'' � :'� 4.nterest..f�: that ��il�.ateraf is.�.,�s� aII �cespects. subject and sub;�...:,,� � :.
<br /> _F;,t���` ,�xi��q��:, � .�:�, or�#tr� :�:.�C}�::.the ea�e�ert.t.a� �th�e- 'obi-�atton outstanding agd. t�npafd` � ,:.�Yj<�p'�:`"
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<br /> =- -,-T��.<�,rj 'r�' �„ :;: to tti;�� "�u:�FtY urt�rest a� .l:Iis� Securec�, �a�ty. noweve� a�z•ideaaed. . - =
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<br /> � `� '���tti��'",,'4,4'`,'�.1,� � •. -:I;. �• '�:,.• '_�., ., . . .F,.
<br /> _„ _ ., � � �r� :t:< :• � �. So long as�;`any�port�on.cs�,:_�i;�oh�.fgatfoa is- auCseandfng ' °F` *�
<br /> ;�, �� , �:�',,�����'. and"•'unpaid. the pra��fsions'of th�::�iliariQ.Ltic� Sf�tear�nt artd, .. ,... . �- x., < i :
<br /> �'� � � ��� . Y"`'�` �` • Security Agreement between the� DetiCqr��iid:�the Secured Part��are ' �T
<br /> � , � ': ;r�;',�t;;?` .� ` �.. controlling as to the Collateral in�which�_�cared Patty fs .t4 � - . - _
<br /> .� have a first security interest and in all eases fn whfch there is ���� ` `
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<br /> ��,� `�'�'� ;�°�r�ff- t `. -"•:�`��`•�-'��. a conflict betKeen ��t and the rov�.ions of an Fi�ancin State- � �- -
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<br />.°,:,•.;',',�,. " ..,,. : .±�, ,. .,�j�,�c;}Y{r, ment. Security Agre�nent. Mortgage v.t Deed of Tr4s+c �ranted to ;. ,,, .,r' :�,'• <<•-
<br />`' �' �- � ; �� � � che Subordinating ��eclitor by the a��itor. ', �
<br /> + ._ . .�i,� " ',.' .. .. ". " ' � �y� _
<br /> " � ��� 5. Tt�is Ayree�rent is a continuing, absolute and ua:.+as��z- ?�� �� -.�=�.;-=�
<br />,�, � ��i��;! tional agreement of._�ubord inat i�n without regard tcj�,:��e v��`�rl i�y ' . .'�'i�" ,s:`=F
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<br /> k . " y, ;' or. ee�forceabflity af< the Pc�omissa��r�.t�otes or othe�r ��tstruments csf� ��,k�f;'� �4"•,}
<br /> � . , inde!►te�ness betwe�rs- the Debtor an�: �he Secured P�r�y evidencing ,. , � _
<br /> � '�. sums due or documer��cs granting a seaurity ic�terest in the Collat- ' � �
<br /> � �. � � eral, irrespective of the time csr order c: z.�.tachment oc nerfoc- ' � ±
<br /> ��'�.,_;.;i; tion of the security lnterest in the Col�.as��ral or the order of �r'�'�:k � �
<br /> . �:r..:. !lii7� ' .
<br /> � `��•,.��: � f il ing the Financi�n�� 3tatements, Deeds of Trust or Mortgaqes with , t���
<br /> �°` .:'f . , ' ,.�?..., . �;�.
<br /> ': ��,:E�;;i4�- respect ta the CalLa�eral. �'�` . :�'�r'�r� � .
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<br /> . ; �_ `��. � ,..��:; 6. This Agreement si�`a�l remain in full fc�rce and e��s��t and ':,:'-; �, •. '
<br /> � � � � � is binding upon the,Subo���+���ting Cred itor and upor�-.._�ts srr�,,.��s- �'t`�' ;.�'�
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<br /> ' � ' .t��;�ih��!'� � ' SOT.S and assigns, sa:long ��as anyr ��.c���ion af an obl�����¢ioi.���ftom - � � _�:-�:��s�;;•� �
<br /> ��`'`s: - ����:����� the Debxor to the .�+���:red Party :s e+:tstaadfng and:��.4flpaid ` ' ,'����;`Y`�
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<br /> ' ' , ``�`j�;.�;:��� ��� ' ' � . 7. The Subard.inating Creditar agrees ��4:at the Prvmis�ory .��,: � �
<br /> �`.su:'�;:'•}.� ,�• . . ' • .
<br /> �,.t��.,,,,. „., ;:.+;: � Notes or other irisGruments of indebtedness c�£ the.Debtor evi- %<: �;„ ' .
<br /> .. .. �:,<j, � d�ncing the obligacian detween ttie Debtor �n� Cl:�:SAcured Party, , Y
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