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20��0�14� <br />a fy � eus � THIRD PARTY LENDER AGREEMENT <br />o �N�sra� <br />THIS THIRD PARTY LENDER AGREEMENT (Agreement) is dated this 20th day of <br />September , 20 11 , by and between Eauitable Bank <br />'(Third Party Lender s' 619 Nort, Diers, Grand Island, NE 68802 , <br />and Nebraska Economic Development Corp. ,(CDC) <br />whose address is 1610 S 70th Street. Suite 201. Lincoln. NE 68506 <br />RECITALS <br />1. As described in the "Authoriza.tion for Debenture Guarantee (SBA 504 Loan)," as amended <br />(Authorization), and as deta.iled below, the Third Party Lender will provide term fmancing (Third Party <br />Loan), and the CDC will provide a loan (the 504 Loan) funded by a debenture issued by the CDC and <br />guaranteed by the U.S. Small 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 atta.ched hereto and incorporated herein by reference (Project <br />Property): <br />SBA Loan #: 47681350-01 <br />SBA Loan Name: Lebensraum Assisted Livina <br />Borrower: J.C.D.H..Inc. <br />Operating Company (if any): N/A <br />Third Party Loan Amount: $ 994,925.00 <br />Term of Third Party Loan: _1_0 years <br />If Real Property — Project Property Address: <br />Street address: 118 South Ingalls <br />City, State, Zip code: Grand Island. NE, 68803 <br />Legal description: Lot One (1) Ashton Place Second in the City of Grand Island, Hall <br />County, Nebraska. <br />Personal property as described in the Security Agreement dated September Z0, 2011 available <br />upon request of the CDC. <br />2. The parties have required the Borrower to grant liens or security interests in the Project Property <br />to secure the separate loans advanced by the parties (Common Collateral), and the lien or security <br />interest held by CDC (CDC Lien) will be junior and subordinate to the lien or security interest held by <br />the Third Pariy Lender (Third Party Lender Lien), unless CDC and SBA agree otherwise in writing. <br />SBA Form 2287 (September 2010) <br />