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-~ ,~, <br />m <br />~~ <br />~~ <br /> <br />~ <br /> <br />~ ~~ <br /> <br />~` ~ ~ <br />~ ~ ~ <br />o .--i <br />~ ~ ~ <br /> <br />~ <br /> C,., ~ rv <br /> y~ P41 CCw <br /> ~ <br />~ ~ ~ -~r~ ~~ ~1 ~ <br />~ ~ ^ <br />~.~' <br /> <br />° <br /> <br />~ <br />rn « Z <br />~ `r ~ _ ~ n. rx~ C~ <br />m -~~~ rrr r ~4 <br />~~ ~ <br />ry ~ <br />c~ <br />~ <br />~ <br />m <br /> <br /> cn cn <br /> "' O <br />THIRD PARTY LENDER AGREEMENT <br />THIS THIRD PARTY LENDER AGREEMENT (Agreement) is dated this 18thday of <br />(Thpd Party LenderOwhos addressesween 1333 Nort Webb Road Grad ~Siand <br />nd Island, NE 68$3 <br />and Nebraska Economlc.,Develo~ment Corp,,,,.,,, ~ , (CDC) <br />whose address ~s 1610 $ 70th Street, Suite 201 Lincoln <br />NE 68506 ._„__ <br />RECITALS <br />1. As described in the "Authorization for Debenture Guarantee (SBA S04 Loan)," as amended <br />(Authorization), and as detailed below, the Third Party Lender will provide term Enancing (Third Party <br />Loan), and the CDC will provide a loan (the S04 Loan) funded by a debenture issued by the CDC and <br />guaranteed by the U.S. Srtaall Business Administration (SBA), to Borrower and Operating Company, if <br />any, identified below (collectively, Borrower) for purposes of financing the Project described in the <br />Authorization, which involves the acquisition and/or improvement of the real and/or personal property <br />described below, and in Exhibit A attached hereto and incorporated herein by reference (Project Property): <br />SBA Loan #: 0 350-05 <br />SBA Loan Name: rand Island ubs Inc. <br />Borrower: Carpgnter Real Estate, Inc. and Grand Island„Subs Inc.,,, <br />Operating Company (if any): Grand Isl nd Sub Inc. <br />Third Parity Loan Amount: <br />Term of Third Party Loan: 20.0 <br />If Real Property -- Project Property Address: <br />Street address: 3221 Ramada Road <br />City, State, Zip code: Grand I I d NE N 68801 <br />Legal description: Lot Nine (9), Woodland Second Subdivision, an Addition <br />to the City of Grand Island, Hall County, Nebraska. <br />2. The parties have required the Borrower to grant liens or security interests in the Project Property to <br />secure the separate loans advanced by the parties (Common Collateral), and the lien or security interest <br />held by CDC (CDC Lien) will be junior and subordinate to the lien or security interest held by the Third <br />Party Lender (Third Party Lender Lien), unless CDC and SBA agree otherwise in writing. <br /> <br /> <br />SBA Form 2287 (August 2007) <br />