201802171 - Laserfiche WebLink

Browse

ASSIGNMENT Audit: 208660 Folder: 830 -81 KAY ANDERSEN an individual, to be addressed at 4602 Avenue F, Kearney, Nebraska ( "Assignor "), and UNION PACIFIC RAILROAD COMPANY, a Delaware corporation, ( "Railroad "), or their predecessors in interest, have heretofore entered into an agreement dated January 19, 1999, bearing Railroad's Audit Number 208660 (hereinafter "Lease Agreement ") covering Lease: Industrial located at Grand Island, Nebraska. Effective as of July 31, 2017, the Assignor does hereby sell, assign, transfer and set over, unto ANDi PROPERTIES LLC a Nebraska limited liability company to be addressed at do Kay Andersen, 4602 Avenue F, Kearney, Nebraska ( "Assignee ") all of Assignor's right, title and interest in and to the Lease Agreement including any supplement or amendment thereto (if any). The Assignee hereby accepts the above assignment and agrees to be bound by and to perform and observe fully and faithfully all of the covenants, stipulations and conditions contained in the Lease Agreement and any supplement or amendment thereto (if any) to be performed and observed by the Assignor and assumes all liabilities and obligations mentioned in the Lease Agreement and any supplement or amendment thereto (if any) to be assumed by the Assignor. Assignee represents and warrants to Railroad that Assignee has purchased and is the owner of all improvements located on, in or under the premises leased under the Lease Agreement. The Railxoad in consideration of the covenants and agreements of the Assignor and the Assignee herein contained, gives its consent to the aforesaid assignment; PROVIDED, however, that such consent shall not be deemed or construed to authorize any further assignment of the Lease Agreement, whether voluntary, by operation of law, or otherwise, without the prior consent in writing of the Railroad; and PROVIDED, FURTHER, that, as between the Assignor and the Railroad, neither said assignment nor anything herein contained shall be construed as releasing the Assignor, in the event of default by the Assignee, from the obligation to perform all of the covenants contained in the Lease Agreement or any supplement or amendment thereto (if any) to be performed by the Assignor, or from any of the liabilities assumed by the Assignor under said agreement(s). Article 1. INSURANCE. A. Throughout the entire term of this Lease, Assignee shall maintain the insurance coverage required under Exhibit C hereto attached and made a part hereof. B. Not more frequently than once every two years, Railroad may reasonably modify the required insurance coverage to reflect then- current risk management practices in the railroad industry and underwriting practices in the insurance industry. C. Upon request of Railroad, Assignee shall provide to Railroad a certificate issued by its insurance carrier evidencing the insurance coverage required under Exhibit C. 201802171