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200310361
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200310361
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Last modified
10/16/2011 4:06:17 AM
Creation date
10/28/2005 2:43:45 PM
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DEEDS
Inst Number
200310361
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,.►. <br />200310361 <br />4. So long as any portion of the described obligation to the Secured Party is <br />outstanding and unpaid, the provisions of the Deed of Trust or other instrument of <br />security between the Debtor and the Secured Party are controlling as to the Collateral in <br />which Secured Party is to have a first security interest, including any time there is a <br />conflict between it and the provision of any lien instrument granted to the Subordinating <br />Party by the Debtor. <br />5. This Agreement is a continuing absolute and unconditional agreement of <br />subordination without regard to the validity or enforceability of the Promissory Notes or <br />other instruments of indebtedness between the Debtor and the Secured Party evidencing <br />sums due or documents granting a security interest in the Collateral, irrespective of the <br />time or order of attachment or perfection of the security interest in the Collateral or the <br />order of filing the Deeds of Trust or other instruments of security with respect to the <br />Collateral. <br />6. The Agreement shall remain in full force and effect and is binding upon the <br />Subordinating Party, and upon its successors and assigns, so long as any portion of the <br />sums secured as described in Paragraph 3 are outstanding and unpaid. <br />7. The Subordinating Party also agrees that the Promissory Note(s) or other <br />instruments of indebtedness of the Debtor evidencing the obligation between the Debtor <br />and the Secured Party may from time to time be renewed, extended, modified, <br />compromised, accelerated, settled, or released, without notice to or consent by the <br />Subordinating Party. <br />Paul J ietz , Patricia J. Di t , <br />Subordinating Party Subordinati Party <br />STATE OF NEBRASKA <br />(Ss: <br />COUNTY OF,,0�A�,� ) <br />Before me, a Notary Public qualified in said County, personally came Paul I <br />Dietze, of Hastings, Nebraska, known to me to be the identical person who signed the <br />foregoing Subordination Agreement and acknowledged the execution thereof to be his <br />voluntary act and deed. _ <br />Witness my hand and Notarial seal on the day of �v,� y , 2003. <br />c <br />Notary Public <br />My Commission Expires: <br />III GENERAL NOTARY -State of Nebraska <br />SANDRA PLAMBECK <br />STATE OF NEBRASKA ) My Comm. Exp. July 31, 2003 <br />(ss: <br />COUNTY OF�A�s ) <br />Before me, a Notary Public qualified in said County, personally came Patricia I <br />Dietze, of Hastings, Nebraska, known to me to be the identical person who signed the <br />foregoing Subordination Agreement and acknowledged the execution thereof to be his <br />voluntary act and deed. _ <br />Witness my hand and Notarial seal on the v�� �� day of �� y , 2003. <br />Notary Public <br />My Commission Expires: % - 21- 0 3 <br />IiI GENERAL NOTA=P�LAMSECK <br />SANDRMy COmm. <br />
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