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201 �0077G <br />FSA-2455 (12-31-07) <br />Page 2 of 3 <br />2. THEREFORE, in consideration of the Lender's agreement to make such loan to Borrower and meet other <br />conditions of this subordination, the Government (1) consents to the Borrower obtaining the loan from the Lender <br />for such purposes, and (2) agrees to and does subordinate in favor of the Lender and its successors and assigns its <br />liens of security interests created or evidenced by the above described instruments insofar as they cover the <br />following described property and provided the Lender perfects a lien on this property: <br />SEE ATTACHED LEGAL DESCRIPTI�N <br />3. This subordination is limited to (1) the amount actually loaned by the Lender to the Borrower (principal <br />and accrued interest) for the foregoing purposes, (2) future advances for t�es, insurance, and payments on liens <br />prior to the Lender's lien, and (3) the amount actually advanced for foreclosure costs made by the Lender. Any <br />amount in excess of such amount will not be covered by this subordination unless prior written consent was <br />obtained from the Government for incurring the expenditure in question. <br />4. The Lender must: <br />a. Incorporate into the Bonower's promissory note a statement that the loan will be in default should any <br />proceeds of the loan funds obtained as a result of this subordination be used (1) for a purpose that wi13 <br />contribute to the excessive erosion of highly erodible land or to the conversion of wetlands to produce <br />an agricultural commodity, as provided by 7 C.F.R, part 1940, subpart G or any successor regulation, or <br />(2) for any purpose not provided for above. <br />b. Obtain a perfected security interest on the above property. <br />c. Give notice of foreclosure as required by the Government. <br />5. FSA offsets under the Debt Collection Act (31 U.S.C. 37ll et seq.) or 7 C.F.R. part 3 have priority over <br />this subordination. <br />6. When the indebtedness has been satisfied, lender must mark this form "PAID IN FULL" and return it to the <br />Department of Agriculture at the following address: <br />2550 N DIERS AVE., SUITE K <br />GRA ISLAND, NE 68803 <br />