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<br />200709871 <br /> <br />1. Subordination. The Security Agreement and Financing Statement <br />securing Secured Party shall be and remain at all times subordinate to the lien of <br />the Deed of Trust. <br /> <br />2. Acknowledgment of Subordination. Secured Party acknowledges <br />that it hereby waives, relinquishes, and subordinates the priority and superiority <br />of the lien of the Security Agreement and Financing Statement to the Deed of <br />Trust. <br /> <br />3. Entire Agreement. This agreement contains the whole agreement <br />between the parties hereto as to the priority of the real property interests <br />described herein. There are also no agreements, written or oral, outside or <br />separate from this agreement, and all prior negotiations, if any, are merged into <br />this agreement. <br /> <br />4. Binding Effect. This agreement shall inure to the benefit of and be <br />binding upon the legal representatives, heirs, devisees, successors, and assigns <br />of the parties. <br /> <br /> <br />"DEBTOR" <br /> <br />HORNADY MANUFACTURING COMPANY, <br />a Nebraska co ration <br /> <br /> <br />By: <br /> <br />STATE OF NEBRASKA ) <br />)ss <br />COUNTY OF HALL ) <br /> <br />fJO*1 <br />The foregoing instrument was acknowledged before me on the :i::.._ day of <br />November, 2007, by Stephen D. Hornad~. his own behalf. <br /> <br />~ GENERAL NOTARY. State of Nebraska J 1 Q n <br />J 'Il CATHERINE A OAKLEY ~ . <br />..., My Comm. Exp. May 9, 2009 1 M.A. 'A " It ~ CA. t ~ '\t- <br />ary Public ' <br /> <br />10773589.1 <br /> <br />-2- <br />