|
,� ___ _ . _ . _ . _ . . -- �11Lri3��
<br /> !1t
<br /> ... � �
<br /> �
<br /> � i:T�'-2I2.TXT 2:23:SO �52�, y
<br /> j"" , �����9 Grand Zsland, Nebraska
<br /> t
<br /> 9Q~- .
<br /> � TERMINATION OF COLLATERAL
<br /> , ' ASSIGNMENT OF LEASES AND RENTS
<br /> i
<br /> � THI3 TERM TION OF COLL�►TERAL ASSIGNMENT OF LEASES AND
<br /> i , RBNTS is made this � day of February, 1990 by DEL-vAL
<br /> ; FINANCI�IL CORPORATION, a Delawara corporation with officem at 24
<br /> � River Road, Bogota, New Jersey 07603, ("Del-Val") .
<br /> i
<br /> , W ITNESSETH:
<br /> �
<br /> � Kenbee Man�gemeat, Inc. , a Delaware corpora�tion,
<br /> �� ( "Ksnbae" ) is tha owner of certain premises described in Exhit��t
<br /> . : "1�. at�ached h�reto �nd mede a part hereof tthe "premises") . In _. __ �
<br /> � , connection with its acquisition of the Premises, Kenbee obtained
<br /> a laan from Del-val in the original principal amount o€ Two
<br /> Million Three Hundred Seventy-Eight Thousand Eight Hundred and
<br /> Fifty-Six 00/lOQ Dollars ($2,378,856.00) , evidenced by the note
<br /> of Kenbae to Del-Val in that amouat datsd January 30, 1990 (the
<br /> "Kenbee Note") . To secure payment of the Kenbee Note, Kenbee �
<br /> � executec� and delivered to Del-Val, inter alia, a certain
<br /> �� Collateral Assignment of Le ses and R�s�afec� Janvary 30, 990 - :
<br /> ; 'ecorded o ���3�y,�, 1990 in Record Book, ��+e ..; .
<br /> Pag�a� 7 C erk s Office of Hall County, Ne raska
<br /> ( e "Assiqtunen ") , pursuant to which xenbee collaterally � ' �-
<br /> __ assianea tn Del-Val all_ ef its riaht. ti t7 e and i nterest i n al 1 i?-
<br /> -= -..-- - - - - - ---- �_ _-- --�--- - ----- -_-_ _._. -
<br /> .. ----- --------- --- ---
<br /> of the leases affgcting the Premises (the "Leases^) .
<br /> "r.
<br /> �-'-_
<br /> � The Kenbee Note has been paid in full and, therefore, ��
<br /> � Del-val desires to terminate the Assignment and thereby terminate �
<br /> , ' all of its riqht, title and interest in and to the Leases. .
<br /> NOW, TI�REFORE, for good ana valuable consideration, -
<br /> : the receipt and sufficiency of which is hereby acknowlee3ged, and —
<br /> � intending to be legally bound hereby, Del-Val does hereby
<br /> � . • acknc�ledge full payment o�E the indebtedness evidenced by the
<br /> Kenbee Note ns secured by the 1�ssignment and, therefore, does
<br /> hereby terminate the Assignment and release, dischar.ge and
<br /> reassign to Kenbee a�ll of Del-val's right, title and interest in
<br /> and to the Leases. � ,•�..�
<br /> • t�-
<br /> IN WITNESS WHE1tEOF, Del-val has duly executed these � �`
<br /> ; presents on the day and year first above written. , '
<br /> { DEL-VAL FINANCI CORPORATZON
<br /> �I t:
<br /> , `, .
<br /> � By:
<br /> ( rporate, Seai)
<br /> 4
<br /> RiiORi�GAB �-
<br /> RoB.of Dsed� . -—
<br /> ,
<br /> � . �
<br /> � J
<br /> w
<br /> �
<br /> ��
<br /> �
<br /> r
<br /> . .±..
<br /> �- �
<br /> � �
<br />
|