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89- 101960 COLLATERAL ASSIGNMENT OF LEASE FOR ' 1 IN cm$- DSPAT3i N 6t ' the s� I ,of ONE\ MIt= '.b&1 9 AND OOI1 :`�- Dollars ($i 000.000. 01oah ` to the undersigned, VINi .EST L. DaWDING, hereinafter re erred `to as "Assignor ", does hereby sell, assign and titransfer unto HOME FEDERAL SAVINGS AND LOAN ASSOCIATION OF GRAND ISLAND, hereinafter referred to as "Assignee ", all of his right, title and interest in and, to a Real Estate Lease dated January 1, 1989, with Mike Harris'as Tenant which includes the motel known as Horizon Inns, all tts contents and all land surroundinq' it, located at 3021 South Locust Street, Grand Island, Nebraska, legally described. as: Part of the Northwest Quarter of the Southwest Quarter (NW1 /4SW1 /4) of Section Twenty -Seven (27), Township Eleven (11) North, Range Nine (9), West of the Sixth (6th) P.M., in Hall County, Nebraska, more particularly described as follows: Beginning at.the Southwest corner of said Northwest Quarter of ithe Southwest,.Quar- ter (NW1 /4SW1 /4) ; thence Easterly along the South?_ 1 irte a of said Northwest Quarter of the Southwest Quarter'• ` f A (NWl /4SW1 /4) a distance of Six Hundred Sixty Feef .--', (640.01); thence Northerly parallel. to the West line of said Section Twenty -Seven (27) a distance of Thee Hun - dred Twenty -Faur Feet (324.01); thence Wettterly, paral- _ lel ,to .the South line of said Northwest Quarter fast the - South est Quarter (IYiIL /4SWl /4) a distance of Sik Min - dred Sixty meet (660.01) to the West Line of said Sec- tion Twenty-Seven (27); thence Southerly along the West . line of said Section Twenty -Seven (27) a distance -of . Three Hundred Twenty -Four Feet (324.01) to the pLi: ce• of beginning, and containing 4.909 acres, more or less. SAID ASSIGNMENT BY THE UNDERSIGNED ASSIGh`,�i- _S MADE SUBJECT •, .TO THE FOLLOWING TERMS AND CONDITIONS; 1. This Assignment is given to secure the payiriznt of t►rte i:�i-lebtedness described above and as security fo)e, such other "sums as may be hereafter advanced by Assignee to or for the benefit of the Assignor; provided, however, that in the event a.L1 indebted-' ness owing from the Assignor to the Assignee is well,-and truly paid, then this Assignment shall be void, otherwise to remain in full force and effect. 2. It is the intention and agreement of the Assignor that this Assignment shall also secure any future advances made to Assignor by Assignee and any and all indebtedness in addition to the amount stated above which said Assignor may owe to said Assignee, however evidenced, whether by note, book, account or otherwise. The undersigned also agrees that this Assignment