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20i10417� <br />4. So long as any portion of the described obligation to Secured Party is outstanding and unpaid, the provisions of the Deed <br />of Trust of other instrument of security between the Debtor and the Secured Party are controlling as to the Collateral in which <br />Secured Party is to have a first security interest, including any time there is a conflict between it and the provisions of any <br />lien instrument granted to the Subordinating Creditor by the Debtor. <br />5. This Agreement is a continuing, absolute and unconditional agreement of subordination without regard to the <br />validity or enforceability of the Promissory Notes or other instruments of indebtedness between the Debtor and the Secured <br />Pariy evidencing sums due or 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 of Trust or other instruments <br />of security with respect to the Collateral. <br />6. This Agreement shall remain in full force and effect and is binding upon the Subordinating Creditor and upon its <br />successors and assigns, so long as any portion of the sums secured as described in Paragraph 3 are outstanding and unpaid. <br />7. The Subordinating Creditor agrees that the Promissory Notes or other instruments of indebtedness of the Debtor <br />evidencing the obligation between the Debtor and the Secured Party may from time to time be renewed, extended, modified, <br />compromised, accelerated, settled or released, without notice to or consent by the Subordinating Creditor. <br />Barry G. ands •om, President and CEO <br />HOME FED SAVIl�IGS AND LOAN <br />ASSOC TION OF GRAND I5LAND <br />Barry andstrom, President and CEO <br />HOME FE RAL SAVINGS AND LOAN <br />ASSOC TION OF GRAND ISLAND <br />"Secured Paxt}�' <br />STATE OF NEBRASKA ) <br />(ss: <br />COUNTY OF HALL ) <br />Before me, a Notary Public qualified in said County, personally came Barry G. Sandstrom as President and CEO of <br />HOME FEDERAL SAVINGS AND LOAN ASSOCIATION, known to me to be the identical person who signed the <br />foregoing Subordination Agreement on behalf of such entity, and acknowledged to execution thereof to be his voluntary act <br />and deed on behalf of such entity. <br />Witness my hand and Notarial seal on this 31 st day of May, 20> > <br />_.. .. __._.__--, <br />� <br />GENERAL NOTARY-State of Nebraska <br />tVANCY 3. KNAPP i <br />My Comm. Exp. Aug.18, 2011 <br />.� <br />Subhftohf 5/11 <br />