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<br /> �.� SPACE ABOVE RESERVED FOR RECORDE��— ° s'
<br /> Lo�en No. 147616 � �
<br /> A�SIGNMENT OF LEA�ES A�1U R�NT "F�
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<br /> FOR VALUE RECEIVED, CLEA.R DEVELOPMENT, LLC, a Kansas limited
<br /> liability company whose address is 128 Soutb DeUrose, Wichita, Kansas 67218
<br /> ("Assignor"), hereby gr�t�, transfers and assigns to PIDELTfY BANK whose address
<br /> is 100 East Englieh, ATTN: Gott�oaercial Loans, Wichita, Kansas 67201 ("Assignee"),
<br /> the endre interest of Assignor as Lessor in and to the leas�listod on�xhibit"A" attached
<br /> hcreto and by this referenca made a part hereof togetaer with atI Ieases, suolcu�c�,
<br /> lic�nses,conceasions or other agrcements hereai�er enterod inW(collecdvely"Lease")for
<br /> a�ll or any part of the real prop�rty mflre particularly descrlbed as on�xhibit"B" attached
<br /> hcr�to("Praperty"). wgether with all rents, income,issues a�d profsts arising therefrom,
<br /> � and any nnewals and modifications thereof, and together with all rents, income, issues
<br /> and profits arising from the use and accupation of the Property and from any property
<br /> coverod by the Lease, whether roal, personal, mixcd or intangible.
<br /> This Assignnaent is iatended w be, and sh�ll be construal as, creating an absolute
<br /> assignment unto Assignee, and not as an asslgnment as security, a�d t,o such ext�nt shaU
<br /> be uncondidonal and irrevocable except,as hereinafter providod to the contraty. In
<br /> connection v+�th and as a part of th.is Assignment, Assignor hereby warrants, re.presents,
<br /> . and agrees to amd vvith Assignee as follows:
<br /> 1. �Ri�h�. Assignor has contempnraneously herewith executed and
<br /> delivered to Assign�e a certain Promissory Iolote in the principal amount of Two Million
<br /> Fifty Thnusand Dollars ($2�050,000.00) ("Nate"). In order to secure payment of the
<br /> Note, Assignor, as trustor, has cantemporaneously herewlth executed a certain Deed of
<br /> • Trust,in favor of Assignze as Beneficiary("Deal of Trust"). Unless and untii ihere shall
<br /> have occun�d a default in the �erfox�mance by Assignor of any of its duties or
<br /> obligations, including, but witho��t limitation, the paymcnt of money, arising wuder the
<br /> Note or the Deod of Trust, Assignor is hereby granted a revocable license and may
<br /> collect at the tims of,but in no eveat more than one(1)month before,the date provided
<br /> for gayment, all rents, income, issues and profits arising u�der the L.ease and retain the
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