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r � <br />�01�07395 <br />interest of the Secured Pariy to the extent of the principal sum yet owing to Secured Party in respect to the <br />indebtedness described in Paragraph 2 along with interest and costs allocable thereto, however evidenced. <br />4. So long as any portion of the described obligation to Secured Party is outstanding and unpaid, the <br />provisions of the Deed of Trust of other instrument of security between the Debtor and the Secured Party are <br />controlling as to the Collateral in which Secured Party is to have a first security interest, including any time there is <br />a conflict between it and the provisions of any lien instrument granted to the Subordinating Creditor by the Debtor. <br />5. This Agreement is a continuing, absolute and unconditional agreement of subordination without regazd <br />to the validity or enforceability of the Promissory Notes or other instruments of indebtedness between the Debtor <br />and the Secured Party evidencing sums due or documents granting a security interest in the Collateral, irrespective <br />of the time or order of attachment or perfection of the security interest in the Collateral or the order of filing the <br />Deeds of Trust ar other instruments 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 <br />upon its successors and assigns, so long as any portion of the sums secured as described in Paragraph 3 are <br />outstanding and unpaid. <br />7. The Subordinating Creditor agrees that the Promissory Notes or other instruments of indebtedness of the <br />Debtor evidencing the obligation between the Debtor and the Secured Party may from time to time be renewed, <br />extended, modified, compromised, accelerated, settled or released, without notice to or consent by the Subordinating <br />Creditor. <br />� <br />Barry and om, President and CEO <br />HOME FE RAL SAVINGS AND LOAN <br />AS50C TION OF GRAND_ ISLAND <br />Barry and3trom, President and CEO <br />HOME FE ERAI, SAVINGS AND LOAN <br />A5S0 IATION OF GRAND ISLAND <br />"Secured Part}�' <br />STATE OF NEBRASKA ) <br />(ss: <br />COLTNTY OF HALL ) <br />Before me, a Notary Public qualified in said County, personally came Bazry G. Sandstrom as President and <br />CEO of HOME FEDERAL SAVINGS AND LOAN ASSOCIATION, known to me to be the identical person who <br />signed the foregoing Subordination Agreement on behalf of such entity, and acknowledged to execution thereof to <br />be his voluntary act and deed on behalf of such entity. <br />Witness my hand and Notarial seal on this � <br />�p�, p�ppy $t�B of NB6rau�k8 <br />� g � 8 2a16 <br />Cflmm. ExP• A�• <br />day of , �e� 1 t . <br />o Pu lic <br />Subhftohf 5/11 <br />