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<br />-~ SUBORDINATION AGREEMENT
<br />KNOW ALL MEN BY THESE PRESENTS:
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<br />WHEREAS under date of May 20, 2005, James A. Martinez, a single person as Trustor,
<br />executed a Deed of Trust to Arend R. Baack, Attorney At Law, Trustee and Axis Capital, Inc.,
<br />Beneficiary, covering the following described real property, to wit: Lot 8, Block 3, Spaulding c
<br />and Greggs Addition to the City of Grand Island, Hail County, Nebraska, which Deed of Trust
<br />was in the original amount of $195,162.29 and was recorded on May 23, 2005 as Instrument No.
<br />200504616 in the office of the Register of Deeds of Hall County, Nebraska,
<br />WHEREAS, James A. Martinez, a single person, has applied for and received a loan in
<br />the amount of $430,000.00 from Nebraska Economic Development Corporation/U.S. Small
<br />Business Administration which loan amount is secured by a Deed of Trust on the
<br />above - described real property filed on September 13, 2005, as Instxuznent Number 200508992;
<br />and
<br />WHEREAS, Arend R. Baack, Trustee and Axis Capital, Inc., Beneficiary, are agreeable
<br />to subordinating the Deed of Trust first described above to the Deed of Trust of Nebraska
<br />Economic Development Corporation/U.S. Small Business Administration.
<br />NOW, THEREFORE IN CONSIDERATION OF THE PREMISES, and the making of
<br />the loan by the aforesaid, and for valuable consideration, Arend R. Baack, Trustee, and Axis
<br />Capital, Inc., Beneficiary, do hereby subordinate the Deed of Trust described above to the Deed
<br />of Trust in favor of Nebraska Economic Development Corporation/U.S. Small Business
<br />Administration in the amount of 5430,000.00 causing the lien of Arend R. Baack, Trustee, and
<br />Axis Capital, Inc., Beneficiary, under the Deed of Trust described first above to be and remain at
<br />all times subject, junior, and inferior to the Deed of Trust of Nebraska Economic Development
<br />Corporation/U.S. Small Business Administration, which shall at all times be a prior, superior,
<br />and paramount lien upon the above - described real estate-
<br />19202
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