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<br />After recording return to:
<br />Beth M. Ascher, Esq.
<br />Kutak Rock LLP
<br />1650 Farnam Street
<br />Omaha, NE 68102
<br />ASSIGNMENT OF RENTS AND LEASES
<br />THIS ASSIGNMENT is made as of Decemberp 2000, by PROFFUTT LIMITED
<br />PARTNERSHIP, a Minnesota limited partnership, with a mailing address of 1600 Radisson
<br />Tower, 201 Fifth Street North, Fargo, North Dakota 58102 (hereinafter called "Assignor "), in
<br />favor of GENERAL ELECTRIC CAPITAL BUSINESS ASSET FUNDING
<br />CORPORATION, a Delaware corporation, with a mailing address of Suite 500, 10900 N.E. 4th
<br />Street, Bellevue, Washington 98004, Attention: Real Estate Department (hereinafter called "GE
<br />Capital ").
<br />WITNESSETH:
<br />Assignor, for good and valuable consideration, the receipt of which is hereby
<br />acknowledged, does hereby absolutely and unconditionally grant, bargain, sell, transfer, assign,
<br />convey, set over and deliver unto GE Capital all right, title and interest of Assignor in, to and
<br />under all written and oral leases and rental agreements of the real estate described in Exhibit A
<br />attached hereto and incorporated herein (the "Property "), whether now in existence or hereafter
<br />entered into, and all guaranties, amendments, extensions, renewals and subleases of said leases
<br />and any of them, all of which are hereinafter called the "Leases," all rents, income and profits
<br />which may now or hereafter be or become due or owing under the Leases, and any of them, or on
<br />account of the use of the Property, any award hereafter made in any bankruptcy, insolvency or
<br />reorganization proceeding in any state or federal court involving any of the tenants of the Leases,
<br />and any and all payments made by such tenants in lieu of rent.
<br />This Assignment is made for the purpose of securing:
<br />(a) The payment of the indebtedness (including any extensions or renewals thereof)
<br />evidenced by a certain Note (the "Note ") of Assignor of even date herewith in the principal sum
<br />of $238,000.00 and secured by a certain Commercial Deed of Trust, Security Agreement,
<br />Assignment of Leases, Financing Statement and Rents and Fixture Filing (the "Deed of Trust ")
<br />of even date herewith encumbering the Property;
<br />(b) The payment of all other sums with interest thereon becoming due and payable to
<br />GE Capital under the provisions of the Deed of Trust and any other instrument constituting
<br />security for the Note;
<br />(c) The performance and discharge of each and every term, covenant and condition
<br />contained in the Note, Deed of Trust and any other instrument constituting security for the Note;
<br />and
<br />01- 288952.3A
<br />Grand Island, NE
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<br />ASSIGNMENT OF RENTS AND LEASES
<br />THIS ASSIGNMENT is made as of Decemberp 2000, by PROFFUTT LIMITED
<br />PARTNERSHIP, a Minnesota limited partnership, with a mailing address of 1600 Radisson
<br />Tower, 201 Fifth Street North, Fargo, North Dakota 58102 (hereinafter called "Assignor "), in
<br />favor of GENERAL ELECTRIC CAPITAL BUSINESS ASSET FUNDING
<br />CORPORATION, a Delaware corporation, with a mailing address of Suite 500, 10900 N.E. 4th
<br />Street, Bellevue, Washington 98004, Attention: Real Estate Department (hereinafter called "GE
<br />Capital ").
<br />WITNESSETH:
<br />Assignor, for good and valuable consideration, the receipt of which is hereby
<br />acknowledged, does hereby absolutely and unconditionally grant, bargain, sell, transfer, assign,
<br />convey, set over and deliver unto GE Capital all right, title and interest of Assignor in, to and
<br />under all written and oral leases and rental agreements of the real estate described in Exhibit A
<br />attached hereto and incorporated herein (the "Property "), whether now in existence or hereafter
<br />entered into, and all guaranties, amendments, extensions, renewals and subleases of said leases
<br />and any of them, all of which are hereinafter called the "Leases," all rents, income and profits
<br />which may now or hereafter be or become due or owing under the Leases, and any of them, or on
<br />account of the use of the Property, any award hereafter made in any bankruptcy, insolvency or
<br />reorganization proceeding in any state or federal court involving any of the tenants of the Leases,
<br />and any and all payments made by such tenants in lieu of rent.
<br />This Assignment is made for the purpose of securing:
<br />(a) The payment of the indebtedness (including any extensions or renewals thereof)
<br />evidenced by a certain Note (the "Note ") of Assignor of even date herewith in the principal sum
<br />of $238,000.00 and secured by a certain Commercial Deed of Trust, Security Agreement,
<br />Assignment of Leases, Financing Statement and Rents and Fixture Filing (the "Deed of Trust ")
<br />of even date herewith encumbering the Property;
<br />(b) The payment of all other sums with interest thereon becoming due and payable to
<br />GE Capital under the provisions of the Deed of Trust and any other instrument constituting
<br />security for the Note;
<br />(c) The performance and discharge of each and every term, covenant and condition
<br />contained in the Note, Deed of Trust and any other instrument constituting security for the Note;
<br />and
<br />01- 288952.3A
<br />Grand Island, NE
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