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202403797
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Last modified
8/9/2024 2:57:37 PM
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8/9/2024 2:57:37 PM
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202403797
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FT <br />Return to: <br />Zachary Butz <br />308 N. Locust St. Ste 501 <br />Grand Island, NE 68801 <br />INST 70711 0 3 1 9 1 <br />,..ER E <br />RE.s: GGCS TER OFDEEDS <br />CASH <br />CHECK <br />ZAPF <br />REFUNDS: <br />CASH <br />CHECK <br />RECORDED <br />HALL COU NTY NE <br />2024 A'JG P 2: 29 <br />CONSENT TO MODIFICATION OF COLLATERAL ASSIGNMENT OF LEASE <br />AGREEMENT <br />The undersigned Lessor, namely KUESTER LAKE, INC., hereby consents to the <br />Modification of Collateral Assignment of Lease Agreement to Equitable Bank by Damon M. Shada, <br />modifying that certain Collateral Assignment of Lease Agreement Filed by Brandon M. Shada and <br />Damon M. Shada as Assignors, with the office of the Hall County Register of Deeds on May 24, <br />2023, as instrument number 202302494 (the "First Assignment"). <br />The First Assignment was executed by Brandon M. Shada and Damon M. Shada, as <br />Assignors and Equitable Bank as Assignee, assigning as additional security for a certain loan may <br />by Assignee to Assignor, that certain Lease Agreement dated May 24, 2023 (the "2023 Lease"). On <br />or about August 1, 2024, Damon M. Shada sold his one-half interest in the improvement located on <br />the below referenced real property to Brandon M. Shada, and Equitable Bank modified the loan as <br />specified in the First Assignment to remove Damon M. Shada and release Damon M. Shada from <br />liability for the same. <br />Brandon M. Shada as Lessee, and Kuester Lake, Inc., as Lessor have entered into a <br />subsequent lease commencing on August 1, 2024, and Terminating on July 31, 2123, for the real <br />property known as: <br />Lot Sixteen (16) and Seventeen (17), having a lake front footage of one hundred ninety (190) <br />feet, situated on the East side of the West portion of Kuester's Lake and being a part of the East <br />Half (E1/2) of the Southwest quarter (SW1/4) in Section Thirteen (13), Township Eleven (11) <br />North, Range Nine (9), West of the 6th P.M., Hall County, Nebraska, bounded on the Easterly <br />side by the common road; <br />TOGETHER WITH <br />A tract of land situated on the northerly side of Lot Eighteen (18) on the East side of the West <br />portion of Kuester Land and being part of the East Half (E'/2) of the Southwest quarter (SW1/4) of <br />Section Thirteen (13), Township Eleven (11) North, Range Nine (9), West of the 6th P.M., Hall <br />County, Nebraska, bounded on the Easterly side by the common road as shown on a plat in the <br />possession of Kuester Lake, Inc., the Lessor, and more particularly described as follows: <br />Commencing at a point on the Northerly line of said Lot Eighteen (18) and which point is One <br />hundred fifty-eight and five tenths (158.5) feet Westerly from the Northeast corner of said Lot <br />Eighteen (18); and then running Westerly on an extension of the Northerly line of said Lot <br />Eighteen (18), for a distance of Twelve (12) feet; deflecting then left 116° and running thence <br />Southwesterly to the shore line, as the same may exist from time to time based upon the lake <br />
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