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201302126
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Last modified
8/19/2014 2:22:34 PM
Creation date
3/18/2013 4:03:44 PM
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DEEDS
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201302126
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oi l <br />THIRD PARTY LENDER AGREEMENT <br />THIS THIRD PARTY LENDER AGREEMENT (Agreement) is dated this 14 day of <br />March , 20 13 , by and between Platte Valley State Bank & Trust <br />(Third Party Lender) whose address is 1451 North Webb Road, Grand Island, NE 68802 -5168 <br />and Nebraska Economic Development Corp. , (CDC) <br />whose address is 4445 South 86th Street, Suite 200. Lincoln, NE 68526 <br />c <br />Operating Company (if any): NA <br />Third Party Loan Amount: $ 448.850.00 <br />Term of Third Party Loan: 17.25 years <br />If Real Property -- Project Property Address: <br />Street address: 2423, 2403, 2417 West Old Lincoln Hwy <br />City, State, Zip code: Grand Island, NE, 68803 - <br />Legal description: See Exhibit A <br />Personal Property described in CDC's Security Agreement <br />RECITALS <br />1. As described in the "Authorization for Debenture Guarantee (SBA 504 Loan)," as amended <br />(Authorization), and as detailed below, the Third Party Lender will provide term financing (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 attached hereto and incorporated herein by reference (Project <br />Property): <br />SBA Loan #: 50163050 -06 <br />SBA Loan Name: Personal Automotive Services, Inc. <br />Borrower: Personal Automotive Services, Inc. <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 Party Lender (Third Party Lender Lien), unless CDC and SBA agree otherwise in writing. <br />SBA Form 2287 (September 2010) 1 <br />c <br />
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