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200207006 01012'13" E A DISTANCE OF 59.42 FEET; THENCE S 56'05'42"W A DISTANCE OF 390.52 FEET; THENCE S 54 °08'01" W A DISTANCE OF 999.45 FEET; THENCE S 52'20'11" W A DISTANCE OF 255.56 FEET TO A POINT ON THE EAST LINE OF LOT 4 ISLAND OF SAID SECTION 1; THENCE N 00058'11" W ALONG SAID EAST LINE A DISTANCE OF 62.36 FEET; THENCE N 52'20'11" E A DISTANCE OF 219.08 FEET; THENCE N 54 008'01" E A DISTNACE OF 1001.09 FEET; THENCE N 56'05'42"E A DISTANCE OF 423.47 FEET TO THE POINT OF BEGINNING. SAID PERMANENT EASEMENT CONTAINS 1.89 ACRES MORE OR LESS; and A PERMANENT FLOWAGE EASEMENT LOCATED IN SECTION 1, TOWNSHIP 10 NORTH, RANGE 10 WEST OF THE 6 T1 P.M., HALL COUNTY, NEBRASKA, AND MORE PARTICULARLY DESCRIBED AS FOLLOWS: COMMENCING AT THE NORTHEAST CORNER OF LOT 3 ISLAND OF SAID SECTION l; THENCE ON AN ASSUMED BEARING OF S 01 ° 12'13" E ALONG THE EAST LINE OF SAID LOT 3 ISLAND A DISTANCE OF 292.34 FEET TO A POINT ON THE SOUTH LINE OF A PERMANENT LEVEE EASEMENT, SAID POINT ALSO BEING THE POINT OF BEGINNING; THENCE CONTINUING S 01 012'13" E ALONG SAID EAST LINE A DISTANCE OF 902.31 FEET TO A POINT ON THE NORTHERLY LINE OF A PERMANENT LEVEE EASEMENT; THENCE UPON AND ALONG SAID NORTHERLY LINE S 56 005'42" W A DISTANCE OF 423.47 FEET; THENCE S 54009'14" W A DISTANCE OF 1001.09 FEET; THENCE S 52'20'11" W A DISTANCE OF 219.08 FEET TO A POINT ON THE EAST LINE OF LOT 4 ISLAND OF SAID SECTION 1; THENCE N 00 °58'14" W ALONG SAID EAST LINE A DISTANCE OF 828.46 FEET TO A POINT BEING THE NORTHWEST CORNER OF SAID LOT 4 ISLAND; THENCE S 87 °20'25" W ALONG THE NORT LINE OF SAID LOT 4 ISLAND A DISTANCE OF 170.78 FEET TO A POINT ON THE MEDIAN LINE OF THE PROPORTIONED LEFT BANK MEANDER LINE (BENJAMIN SURVEY, 1968) AND THE PROPORTIONED RIGHT BANK MEANDER LINE (ORIGINAL GOV'T SURVEY, 1867); THENCE UPON AND ALONG SAID MEDIAN LINE N 21042733" E A DISTANCE OF 76.47 FEET; THNCE N 6 °18'51" E A DISTANCE OF 309.23 FEET, THENCE N 03 °18'54" E A DISTANCE OF 235.30 FEET; THENCE N 16 °36'21" E A DISTANCE OF 436.83 FEET TO A POINT ON THE SOUTH LINE OF A PERMANENT LEVEE EASEMENT; THNCE N 89 043'04" E ALONG SAID SOUTH LINE A DISTANCE OF 1301.12 FEET TO THE POINT OF BEGINNING. SAID EASEMENT CONTAINS 44.18 ACRES MORE OR LESS. 2. The Subordinating Party hereby consents to the granting by the Obligor to the Easement Holder of each of the easements described in paragraph 1 of this Subordination Agree- ment. 3. So long as one or more of the easements described in Paragraph 1 shall continue to exist, the Easement Holder's interest in the Subordinated Collateral as to each easement then continuing in effect shall have priority over the lien of the Subordinating Party in that Subordinated Collateral, and the Subordinating Party's interest in that Subordinated Collateral is,