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<br /> - sUB�RDINATIONi N027DIeTURA7INCE� A'1'TORN!lENT 71NI� E8�'OPPBL 71G��E�iT _
<br /> THYS SUBORDZNATION, NONDISTURBANCE, ATTORNI�IENT HND � _
<br /> ESTOPPEL AGRE ��`��h,e, "Agreement"') is entered into as of the -
<br /> - �6� c�ay o� O , �.994, by the NA�'1oNAL BANK OF COMSIERCE
<br /> -- --
<br /> � TRUS7' ANn SAVINGS A850CYATION, a National banking associatian�
<br /> its successors-in--int�rest and permitted asAigns (MLendexM),
<br /> HRESLIN GRAND ISLAND ASSOCIA�ES, a Nebraska general par�nership -
<br /> ' ,. ("'Horrower"� , and Sally Beauty SuppiY Companv. Inc. , � °
<br /> Delaware corporation (~Tenant"'),
<br /> witt� reference to �he �ollowing facts:
<br /> •• PR�MISE� �,�61�.�
<br /> A. Borrower is the own�r of certain �eal property, `
<br /> ].ocated generally at Highway 281 and 13th Street, Grand Island,
<br /> �iebraska and leqally described on Exhibit "A� attached herPto, °-- -
<br /> and all impravements 1 oca�ed thereon �j ointly, the "Property"') .
<br /> , S. Pursuant to the letter dated August 31, 1994, From =-
<br /> " . Lender to Borrower, �he terms of which were agreed to by Borrnwer
<br /> on September 19, 1994, subject to the adciitianal terms and �_Y-�
<br /> --- - _._ - . -� ^---�� - _�_� �_.._a �'....��
<br /> � -° - condiLions 5ez r.vsLU .s.ii iae iezLer irom Sor"ruwei i.0 Lnatuna. uoa.cu -
<br /> '� September 19, 1994 (jointly, th� "Cotamitmen� �,etter") , Lender �`��'—_
<br /> has agreed to make a loan to Boz�rower to be governed by a �
<br /> � building loan agreement, evidenc�d by a promissQry note, and ����'`
<br /> � sc�cured by a construction �ecurity agreement and deed of trust, a
<br /> securi}y agreement, lock box aqreement, and an assignment of
<br /> , leases and rents with respect to �he Property (these documents,
<br /> together with all ather documents and 3greement� delivered by
<br /> Borrower to Lender at the closing of such loan, being referred tn
<br /> jointly herein as the "Loan Instruments") . '
<br />� � C. On or about January 3 , 1991 , Barrower as �';- .�LL
<br /> �..�*fr�`+���
<br /> " landlord and Tenant as tenant entered into that certain lease ..,� ..._:� .--
<br /> , agreement, a true and correct copy of which, toqether with all y i�.�� �
<br /> � amendments, is attached hereto as Exhibit "By (the "Leas�") , ��` ��=
<br /> relating to 1,400 r�ntable square feet of retail space � - ��R.
<br /> � at the Property (suah space is hereafter referred tio as the ° ..�-,
<br /> .. ' "'Premises") . I -.-.
<br /> �n
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<br /> D. The parties desire to enter into this Agreement �o ��• „ • ,
<br /> - assure the parties of the benefits of the continusd tenancy of �'�_
<br /> '�enant at the Premises during the term of the Lease. �
<br /> In consideration of the foregoing premises and o�kher ;
<br /> ;,,, gc,od and valuable consideration, �he receipt and sufficiency of �
<br /> � which are hereby acknowledged, and intending to be legally bound, �
<br /> - the parties agree as �ollows:
<br /> 1. Nondisturbance. So long as Tenant is not in default in
<br /> per�ormance of the terms, provisions and conditions contained in '
<br /> the Lease and this Agreement: (a) Tenant will not be named o r
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