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Prepared By, Recording Requested By, <br />And After Recording Return To: n N <br />O O -I CD 1-i <br />Beth M. Ascher, Esq. n C n �, A ; r\) :,_5" <br />., Kutak Rock LLP rn ��z = `-' o o <br />1650 Farnam Street * ° +` co ° -'' o w <br />Omaha, NE 68102 -2186 v , ° -- <br />n M D w <br />General Electric Capital Business '—' ►- <br />Asset Funding Corporation _Q <br />Loan No. 050- 0002258 -001 ~ Cn c <br />SUBORDINATION, ATTORNMENT <br />AND LESSEE - LESSOR ESTOPPEL AGREEMENT' <br />(3715 West Old Potash Highway, Grand Island, Nebraska) (- <br />This Subordination, Attornment and Lessee - Lessor Estoppel Agreement ( "Agreement ") <br />is entered into as of December 9 2000, by and among PROFFUTT LIMITED <br />PARTNERSHIP, a Minnesota limited partnership ( "Lessor "), whose address is 1600 Radisson <br />Tower, 201 Fifth Street North, Fargo, North Dakota 58102, RDO EQUIPMENT CO., a <br />Delaware corporation ( "Lessee "), whose address is 1600 Radisson Tower, 201 Fifth Street <br />North, Fargo, North Dakota 58102, and GENERAL ELECTRIC CAPITAL BUSINESS <br />ASSET FUNDING CORPORATION, a Delaware corporation ( "Lender "), whose address is <br />10900 Northeast Fourth Street, Suite 500, Bellevue, Washington 98004. <br />RECITALS: <br />A. Lessee is the present lessee, and Lessor is the current lessor, under a certain lease <br />agreement (the "Lease ") dated June 9, 1999, demising all or a portion of the premises in Grand <br />Island, Hall County, Nebraska, commonly known as 3715 West Old Potash Highway, and more <br />particularly described on Exhibit A (the "Leased Premises "). <br />B. Lessee has been advised that the Lease has been or will be assigned by Lessor to <br />Lender as security for a loan (the "Loan ") with an original principal balance of $238,000.00 (the <br />"Loan ") secured by a Commercial Deed of Trust, Security Agreement, Assignment of Leases <br />and Rents, Financing Statement and Fixture Filing (the "Deed of Trust ") to be recorded <br />contemporaneously herewith covering the Leased Premises. <br />C. A condition precedent to Lender's disbursement of Loan proceeds is that Lessor <br />obtain this Agreement from Lessee in order to confirm certain matters and to subordinate the <br />Lease and Lessee's interest in the Leased Premises to the lien of the Deed of Trust. <br />01- 289042.3A <br />Grand Island, NE <br />