|
;
<br /> � �
<br /> � � � v
<br /> n n C n x � _� � � �
<br /> 2 D Z o -i -� -,-
<br /> � c a �
<br /> n � T � "`.� *a� �-o --1 rn � �-
<br /> d��
<br /> � 4'i r'. ,,,� O �
<br /> �•:'�; � C7 `�1 CL� N
<br /> � Z �
<br /> � � `i `.;, _?� � � O ��
<br /> �� � -' � r � ca �
<br /> � r � � w �
<br /> �
<br /> cn ...�.,.n'. � �
<br /> � --� cn ...c °
<br /> �
<br /> ASSIGNMENT OF AND SECURITY INTEREST IN LEASES AND RENTS ��
<br /> � �
<br /> THIS ASSIGNMENT OF AND SECURITY �NTEREST IN LEASES AND RENTS G
<br /> ( "Assignment") is made as of the %u'' day of September, 1999, by
<br /> and between the Assignor, Mid-Country Trading, L.L.C. , a Nebraska
<br /> limited liability company, (herein "Borrower" , whether one or
<br /> more) , whose mailing address is : c/o O' Connor Enterprises, Inc . ,
<br /> 422 South Gunbarrel Road, Grand Island, NE 68801; and the
<br /> Assignee, National Bank of Commerce Trust and Savings
<br /> Association, Lincoln, Nebraska, (herein "Lender") , whose mailing
<br /> address is P.O. Box 82408, Lincoln, Nebraska 68501 . In
<br /> consideration of the advancing of credit by Lender to or for the
<br /> benefit of Borrower, evidenced by a Trust Note in the amount of
<br /> $1, 560, 000 . 00 of even date, plus interest (said Trust Note and
<br /> any and all renewals, amendments, modifications, future advances,
<br /> increases and extensions thereof hereafter collectively called
<br /> the "Note") , and for other good and valuable consideration,
<br /> Borrower agrees as follows :
<br /> 1 . With respect to that certain real property described as
<br /> follows (the "Real Property") :
<br /> See Attached Exhibit ��A�� ;
<br /> of which Borrower is the owner, Borrower does hereby absolutely
<br /> and irrevocably bargain, sell, transfer, assign, convey, set over
<br />� and deliver unto Lender, its successors and assigns :
<br />, (a) the right of the immediate use and possession
<br /> of said Real Property and all fixtures, equipment
<br /> appliances and other items of personal property owned
<br /> by Borrower now or hereafter located on said Real
<br /> Property (collectively the "Personal Property") to the
<br /> exclusion of Borrower and its successors, assigns and
<br /> agents;
<br /> (b) all of the present, future, and after-arising
<br /> rents, income, receipts, revenue, royalties, deposits,
<br /> issues, profits or any other payment or benefit derived
<br /> under the Leases or any extensions, renewals or
<br /> substitutions thereof, as well as all monies due or to
<br /> become due Borrower under the Leases for services,
<br /> materials, or installations supplied, whether or not
<br /> the same were supplied under the terms of the Leases
<br /> (such income, receipts, revenues, deposits, issues,
<br /> profits and other monies assigned hereby being
<br /> hereafter called the "Rents" ) , together with any and
<br /> all rights and remedies which Borrower may have against
<br /> any tenant under any of the leases or others in
<br /> possession of the Real Property or any part thereof for
<br /> the collection or recovery of the Rents or money so
<br /> assigned;
<br /> (c) all of the right, title and interest of
<br /> Assignor in and to all leases, licenses, and occupancy
<br /> agreements, whether oral or written, now or hereafter
<br /> executed, affecting said Real Property, together with
<br /> any and all extensions, renewals and/or additions,
<br /> amendments or substitutions, and modifications thereof
<br /> (hereafter collectively called the "Leases") ;
<br /> 1
<br /> �
<br />
|