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<br />When recorded, return to:
<br />NEDCO, 1610 S. 701h St., Ste. 201, Lincoln, NE 68506
<br />
<br />TlllRD PARTY LENDER AGREEMENT
<br />
<br />This THIRD PARTY LENDER AGREEMENT, dated the L day of August ,2006, by
<br />and between Platte Valley State Bank & Trust, whose address is 2223 Second Avenue, PO Box 430,
<br />Kearney, Nebraska 68848 (the "Third Party Lender"), and Nebraska Economic Development Corp, whose
<br />address is 1610 S. 70th Street, Ste. 201, Lincoln, NE 68506 (the "CDC"), recites and provides:
<br />
<br />RECITALS
<br />
<br />Kershner Properties, LLC, a Nebraska Limited Liability Company, and Central Nebraska
<br />Management, Inc., a Nebraska Corporation, (the "Borrower", whether one or more in number) is the owner
<br />of the real estate and other collateral described on the attached Exhibit A (the "Collateral"). The Third
<br />Party Lender has made two loans, both of which have been fully advanced, one in the amount of Six
<br />Hundred Seventy-Five Thousand Five Hundred and 00/100 Dollars ($675,500.00) (the "Interim Third Party
<br />Lender Loan") and a second in the amount of Nine Hundred Sixty-Five Thousand and 00/100 Dollars
<br />($965,000.00) (the "Term Third Party Lender Loan"). Both the Term Third Party Lender Loan and the
<br />Interim Third Party Lender Loan are secured, among other things, by fIrst lien deeds ofttust or mortgages
<br />(together with any modifIcations, extensions or amendments thereof) (the "Third Party Lender Deed of
<br />Trust", whether one or more in number) each dated June 28, 2006 and recorded as follows: as Instrument
<br />No.20063279 in the land records for Adams County on July 21,2006;as
<br />Instrument No. 2006 04290 inthelandrecordsforLincolnCountyon June 2.5L
<br />2006; as Instrument No. 2006-5577 in the land records for Buffalo County on
<br />July 21 , 2006; and as Instrument No. 200606489 in theland records for Hall '
<br />County on July 21 ,2006.
<br />
<br />The CDC has agreed to make several loans to the Borrower, totaling seven hundred thousand and
<br />00/100 Dollars ($700,000.00) (the "504 Loans") to the Borrower. The 504 Loans are or will be secured,
<br />among other things by deeds ofttust (the "504 Deeds of Trust") recorded among the aforesaid land records.
<br />
<br />AGREEMENT
<br />
<br />NOW, THEREFORE, for and in consideration of the foregoing recitals, the mutual agreements set
<br />forth below and other good and valuable consideration, the receipt and sufficiency of which are hereby
<br />acknowledged, the Third Party Lender agrees as follows:
<br />
<br />1. Balance of the Third PartY Lender Loan. Following the making of the Borrowers' 504 Loans,
<br />the Third Party Lender will receive, in aggregate, six hundred seventy-fIve thousand six hundred fIve and
<br />00/100 Dollars ($675,605.00) from the CDC, which the Third Party Lender will apply to pay off the
<br />principal balance of the Interim Third Party Lender Loan and, upon the payment of any accrued, but unpaid
<br />interest on the Interim Third Party Lender Loan, the Third Party Lender shall record any partial release or
<br />satisfaction of the Third Party Lender's Deed of Trust as requested by the CDC, and shall release, cancel or
<br />mark as paid all other liens and documents securing the Interim Third Party Lender Loan.
<br />
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