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<br />Grand Island, Nebraska <br />3323 West State Street <br />UC: 026-0016 <br />File #3632 <br /> <br />200706408 <br /> <br />Prepared by Katrina Washington <br />After Recorded, return to: Katrina Washington <br />McDonald's Corporation <br />One McDonald's Plaza <br />Oak Brook, IL 60523 <br /> <br />NON-DISTURBANCE ATTORNMENT AND <br />SUBORDINATION AGREEMENT <br />(DEED OF TRUST 05-15-07) <br /> <br />THIS AGREEMENT is dated July d..ot~ 2007 between HOME FEDERAL SAVINGS AND LOAN <br />ASSOCIATION OF GRAND ISLAND ("Beneficiary") having its offices at 221 S. Locust Street, Grand <br />Island, Nebraska 68802 and McDONALD'S CORPORATION, a Delaware corporation ("Tenant") having <br />its offices at One McDonald's Plaza, Oak Brook, Illinois 60523. <br /> <br />PRELIMINARY STATEMENTS <br /> <br />A. Tenant has executed a Ground Lease dated April 28, 1975, as amended by agreement dated <br />j v I ~ I LQ , 2007 ("Lease") with CONESTOGA NORTH, LLC, a Nebraska limited liability <br />compan , DONALD D. MEHRING, and NANCY A. ERWIN, TRUSTEE OF THE NANCY A. ERWIN <br />DECLARATION OF TRUST DATED MARCH 10, 1986, as successor in interest by mense conveyances <br />to Fred F. Mehring and Helen M. Mehring, husband and wife and Donald D. Mehring and Nancy Ann <br />Erwin, son and daughter, each having an undivided ~ interest, as tenants in common ("Landlord") for the <br />premises ("Premises") described in Exhibit A. <br /> <br />B. Beneficiary holds a Deed of Trust on the Premises or a portion of the Premises. The Deed of <br />Trust is dated May 15, 2007, and is recorded May 21, 2007 as Document No. 0200704096. <br /> <br />C. Tenant and Beneficiary desire to establish certain rights, safeguards, obligations, and priorities <br />with regard to their respective interests by means of the Non-Disturbance, Attornment and Subordination <br />Agreement. <br /> <br />TERMS OF THE AGREEMENT <br /> <br />IN CONSIDERATION of the mutual covenants of the parties and other good and valuable <br />consideration, Beneficiary and Tenant agree as follows: <br /> <br />1. Provided the Lease is in full force and effect and Tenant is not in default under the Lease <br />(beyond any period given Tenant to cure the default), then: <br /> <br />(a) Tenant's right of possession to the Premises and Tenant's other rights arising out of the <br />Lease shall not be affected or disturbed by Beneficiary in the exercise of any of its rights under the <br />Deed of Trust or the note which it secures. Further, Tenant shall not be named as a party defendant <br />in any foreclosure of the lien of the Deed of Trust nor in any other way be deprived of its rights under <br />the Lease. <br /> <br />(b) In the event Beneficiary or any other person acquires title to the Premises pursuant to the <br />exercise of any remedy provided for in the Deed of Trust or by conveyance in lieu of foreclosure, the <br />Lease shall not be terminated or affected by the foreclosure, conveyance or sale in any such <br />proceeding. Beneficiary also covenants that any sale by it of the Premises as a result of the exercise <br />of any rights and remedies under the Deed of Trust, or otherwise, shall be made subject to the Lease <br />and the rights of Tenant under the Lease, and Tenant covenants and agrees to attorn to Beneficiary, <br />or such person, as its new Landlord, and the Lease shall continue in full force and effect as a direct <br />lease between Tenant and Beneficiary, or such person, upon all of the terms, covenants, conditions <br />and agreements set forth in the Lease. However, in no event shall Beneficiary or such person be: <br /> <br />S:\HO\DEPTlLegal\USLEGAL\assetmgt\Division - Central\026\0016\NDA Home Fed Savings,doc <br />