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200810454
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200810454
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Last modified
12/30/2008 8:20:29 AM
Creation date
12/30/2008 8:20:28 AM
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DEEDS
Inst Number
200810454
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<br />200810454 <br /> <br />4. So long as any portion ofthe described obligation to the Secured Party is <br />outstanding and unpaid, the provisions of the Deed of trust or other instrument of security <br />between the Debtor and the Secured Party are controlling as to the collateral in which Secured <br />Party is to have a first security interest, including any time there is a conflict between it and the <br />provisions of any lien instrument granted to the Subordinating Creditor by the Debtor. <br /> <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 other <br />instruments of indebtedness between the Debtor and the Secured Party evidencing sums due or <br />documents granting a security interest in the Collateral, irrespective of the time or order of <br />attachment or perfection of the security interest in the Collateral or the order of filing the Deeds <br />of Trust or other instruments of security with respect to the Collateral. <br /> <br />6. This Agreement shall remain in full force and effect and s binding upon the <br />Subordinating Creditor and upon its successors and assigns, so long as any portion of the sums <br />secured as described in Paragraph 2 are outstanding and unpaid. <br /> <br />7. The Subordinating Creditor agrees that the Promissory notes or other instruments <br />of indebtedness of the Debtor evidencing the obligation between the Debtor and the Secured <br />Party may from time to time be renewed, extended, modified, compromised, accelerated, settled <br />or released, without notice to or consent by the Subordinating Creditor. <br /> <br /> <br />STATE OF NEBRASKA) <br />) SS <br />COUNTY OF HALL ) <br /> <br />Before me, a Notary Public qualified in said County, personally came Barry G. <br />Sandstrom, as President and CEO of Home Federal Savings and Loan Association, known to me <br />to be the identical person who signed the foregoing Subordination Agreement on behalf of such <br />entity, and acknowledged the execution thereof to be his voluntary act and deed on behalf of such <br />entity. <br /> <br />~ GENBW. NOTARY - State Of Nebraska <br />, LAURA L. NORVELL <br />MyComm.&p.b.1,~ <br />My Commission Expires: ~Jh{5\... <br /> <br />Witness my hand and notarial seal on this 18th day of December, 2008. <br /> <br />~AAAL1 cJ:. ~ <br /> <br />Notary Public <br /> <br />\ I :::2(') \ "). <br />
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