|
SUBORDINATION AGREEMENT 2 0 0 2 0 3 4 6 9
<br />).oan NC. 773495 (Continued) Page 3
<br />Agreement. The word "Agreement" means this Subordination Agreement, as this Subordination Agreement may be amended or modified from
<br />time to time, together with all exhibits and schedules attached to this Subordination Agreement from time to time.
<br />Borrower. The word "Borrower" means RICHARD M STEWART and CANDACE STEWART, and all other persons and entities signing the Note in
<br />whatever capacity.
<br />Creditor. The word "Creditor" means DARLENE STEWART.
<br />Indebtedness. The word "Indebtedness" means the Indebtedness evidenced by the Note or Related Documents, Including all principal and
<br />interest together with all other indebtedness and costs and expenses for which Borrower is responsible under this Agreement or under any of
<br />the Related Documents.
<br />Lender. The word "Lender" means Five Points Bank, its successors and assigns.
<br />Related Documents. The words 'Related Documents" mean all promissory notes, credit agreements, loan agreements, environmental
<br />agreements, guaranties, security agreements, mortgages, deeds of trust, security deeds, collateral mortgages, and all other instruments,
<br />agreements and documents, whether now or hereafter existing, executed in connection with the Indebtedness.
<br />Security Interest. The words "Security Interest" mean, without limitation, any and all types of collateral security, present and future, whether in the
<br />form of a lien, charge, encumbrance, mortgage, deed of trust, security deed, assignment, pledge, crop pledge, chattel mortgage, collateral chattel
<br />mortgage, chaftel trust, factor's lien, equipment trust, conditional sale, trust receipt, lien or title retention contract, lease or consignment intended as
<br />a security device, or any other security or lien interest whatsoever whether created by law, contract, or otherwise.
<br />Subordinated Indebtedness. The words "Subordinated Indebtedness" mean the indebtedness described in the section of this Agreement titled
<br />"Subordinated Indebtedness ".
<br />Superior Indebtedness. The words "Superior Indebtedness" mean the indebtedness described in the section of this Agreement titled "Superior
<br />Indebtedness ".
<br />BORROWER AND CREDITOR EACH ACKNOWLEDGE HAVING READ ALL THE PROVISIONS OF THIS SUBORDINATION AGREEMENT, AND
<br />BORROWER AND CREDITOR EACH AGREE TO ITS TERMS. THIS AGREEMENT IS DATED MARCH 21, 2002.
<br />BORROWER:
<br />X
<br />RICHARD M STEWART, Individually
<br />CREDITOR:
<br />X �J
<br />DARLENE STEWART, Individually
<br />X >.
<br />C17ACE STEWART, 11PIVIdUally
<br />LMfP PPO LenEmp, Ver.sar oo oe Capc NpNLnE FlIUnHal Selullms, lne. lepi ]oo¢. qII PIpMe 0.eevve¢ -HE CACNNEWIMILPLIFIOFC TR -14. PP -v
<br />STATE OF NEBRASKA
<br />COUNTY OF HALL
<br />ON THIS DAY OF WVV'C_ ,3 C ,Zb�
<br />UNRFMARRIED WIDOW, TO ME PERSONALLY KNOW
<br />SUBORDINATI c EtREMFNT
<br />GENERAL NOTARY -State ai Nebraska
<br />III, LINDA L. DUESTER
<br />' My Comm. Exp. March 25, 2003
<br />STATE OF NEBRASKA
<br />COUNTY OF HALL
<br />BEFORE ME APPEARED DARLENE STEWART, AN
<br />TO BE THE IDENT CAL PERSON WHO EXECUTED THIS'
<br />NOT' UBLIC
<br />ON THIS DAY OF 4o�tU Z�s , , BEFORE ME APPEARED RICHARD M STEWART, A
<br />MARRIED PERSON, AND CANDACE STEWART, HIS WIFE, TO ME PERSONALLY NOW TO BE THE IDENTICAL PERSONS
<br />WHO EXECUTED THIS SUBORDINATION AGREEMENT.
<br />GENERAL NOTARY -Stale at Nebraska \
<br />LINDA L DUESTER
<br />My Cemm. Exp. March 25, 2D03 N PUBLIC
<br />
|