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�._ M _ rb rn > o ca cn n Z 7C C Ts _ = M D cn O M --c -*l Z rat J LA co f� � `C SUBORDINATION AGREEMENT THIS AGREEMENT made and executed this -,,-)-'``ay of ` �� , , 2002, by UNITED NEBRASKA BANK, Beneficiary and Trustee, hereinafter referred tb as "Subordinating Party" (whether one or more), for the benefit of CENTRAL PLATTE NATURAL RESOURCES DISTRICT, a Nebraska political subdivision, hereinafter referred to as "Easement Holder". WITNESSETH: WHEREAS, J.I.L. ASPHALT PAVING CO., a Nebraska corporation, whether one or more, hereinafter referred to as "Obligor ", has granted to the Subordinating Party a Deed of Trust in respect to that real estate described as: All of Lot One (1) and the Westerly 1320' of Lot Two (2�, all in Section One (1), Township Ten (10) North, Range Ten (10) West of the 6t P.M., Hall County, Nebraska, EXCEPTING certain tracts more particularly described in Warranty Deed recorded as Document na:. 96- 101623; Corporation Warranty Deed recorded as Document No. 96- 105979; and Corporation Warranty Deed recorded as 96- 105980; together with a Financing Statement that has been indexed against such real estate for the purpose of securing indebtedness therein described; O. N O CD rU O s co C" GO WHEREAS, the Easement Holder has acquired a Temporary Construction Easement, Flood Protection Levee Easement and Flowage Easement from Obligor whereby certain funds have been paid to the Obligor and for which the Easement Holder is to have unrestricted rights of use for public purposes in respect to real estate which includes in part or in whole that collateral in which the Subordinating Party claims an interest, hereinafter referred to as the "Subordinated Collateral "; and WHEREAS, the Subordinating Party is willing to subordinate any lien it may now or hereafter have in respect to the Subordinated Collateral by reason of the Temporary Construction Easement, Flood Protection Levee Easement and Flowage Easement of record, whenever and wherever filed, in order to assure the Easement Holder of the unrestricted right to utilize the Subordinated Collateral for which good and valuable consideration has been paid by Easement Holder to the Obligor; NOW, THEREFORE, it is agreed: 1. The Subordinating Party hereby consents to a subordination of its priority position to the Easement Holder and agrees that Subordinating Party's liens in respect to the Deed of Trust hereinabove described, if any, shall at all times be secondary to the extent herein provided and Pin CD co C= co co