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2011030�� <br />Party is to have a first security imerest, including any time there is a conflict betwan it and the provisions of any lien instrumern <br />gra�ted to the Subordinating Creditor by the Debtor. <br />5. This Agreement is a continuing, absolute and unconditional agreement of subordination without re�ard to the validily or <br />enforceability of the Promissory Notes or ather instnunerns of indebtedness between the Debtor and the Securai Party evidencing <br />sums due or documents granting a security urterest in the Collateral, irrespective of the time or order of attachmerrt ar perfection of the <br />security interest in the CoUateral or the order of filing the Deeds of Trust or other instruments of security with respect to the Collateral. <br />6. This A�reement sha11 remain in full farce and effect and is binding upon the Subordinatin� Creflitor and upon its <br />successors and assi�ns, so lang as any portion of the sums securai as described in Paragraph 3 are autstanding and unpaid. <br />7. The Subordinating Creditor agrces that the Promissory Notes or other instrumerns of indebtedness of the Delrtor <br />evidencing the obligarion betwcen the Debtor and the Secured Pariy may from time to time be renewed, extended, modified, <br />compromised, accelerated, settled or release�i, without notice to or consent by the Subordinating Creditor. <br />Bazry G. m, esidem aaid CEO <br />HOME FEDE SAVINGS AND LOAN <br />ASSOCIA ON OF GRAND LSLAND <br />"Su din ' Creciitor" <br />Barry G. i and trom, esident and CEO <br />HOME FID��RAL SAVINGS AND LOAN <br />ASSOCIATION OF GRAND ISLAND <br />"Secured Party" <br />STATE OF NEBRASKA <br />COUNTY OF HALL <br />) <br />(ss: <br />) <br />Before me, a Nota,ryy Public qualifieri in said Courny, personally came Bany G. Sandstrom as Presidern and CEO of HOME <br />FEDERAL SAVINGS AND LOAN ASSOCIATION, known to me to be the identical person who signed the foregoing Subordination <br />Agreemeirt on behalf of such e�ttity, and acknowled�ed to elceaution thereof to be lus voluntary act and deed on behalf of such entity. <br />Witness my hand and Notarial seal on this � day of April, 2011 <br />fFMERAL NOTARY -State af Nebraska <br />� n�aNCY s. Kr�� <br />a�y co�n. �. a�,�. � a. 20» <br />_._--._.. _ _ _ ._ -- -- - - --- , . <br />Notary Public <br />