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<br /> 1C1TOW ]1LL ltBN BY R�ESE PRSS�iTB, tht�t in considira�tion o! th�
<br /> e�u�s loan�d to th� uadarsiqa�d ]►saiqnora, aad tor tl� purpos� o!
<br />--- lurther securiaq the obliqationa o� l►esiqnore owing ta �1s�iqn��
<br /> as ovid�naod by a Construation Liao o! Crod.it Araw got� dat�d
<br /> - �loveaber 19, 1993 in the original principal �ount of Th��o
<br /> Million Thr�o HundrQd l�ifty Thoueand and �To/100 Dollara
<br /> ($3�350,000.00), ERtJ�BT J. THl1YER aAd JAZiICE M. THIIYER, liuebaAd
<br /> and Wife, hareinafter rQforred to as ■7►ssignoraM, hereby sasiqa,
<br /> transfer and set oner to 80HE FEDgRIIL 811VINQ8 � L011N ASSOCI�-
<br /> TION OF t3W�iD ISL71�iD, a federal savinge aad loan assoaiation,
<br /> heroiaafter referred to ae "1►seiqaeeN, all of their right, titlo
<br /> a�nd interQSt in respact ta a Promissory Note dated l►ugust 29,
<br /> 1991 made by Quali�y Care of arand I�la�nd, inc. and payabl� to
<br /> the order of Janice M. Thayer in tha oriqinal prinaipal awwuat of
<br /> ° one lriillion 3'�o Hundrod Sixty--3ix Thoust�nd S.i.Y Hundred Si�y- -
<br /> - 3even and No/100 Dollars ($1,Z66,667.00) and heraby eaalce delivery
<br /> of thia Collnteral 1►seig�nment of Note and the original inetru-
<br /> — aents consistinq of the Promissory �tote herein ideatified and a
<br /> Quaranty of such l�lote by Timothy J. Juilfs and 3ally Juilfs.
<br /> -- This l�esignmeat is given as secu�ity for the indebtedness
<br /> meationed hereiaabove and as security for such other suas as may
<br /> be advanced in accordaace with the terns of the pronissoLy notes
<br /> and oth�ar inatruments evidQnciag indebtedness ezecuted by llssig-
<br /> nors and this 1lssicrument. Ia the event such iadebtedness, future
<br /> advances, �interest and such other sums as may be advanced in
<br /> a�cvidar�ve wi�b �he �erms of th� a�ar�ta�ntioned :�ariab].e I�ate
<br /> = Deed of Trust Note and other iastruments evidenc3.nq obliqations
<br />�'� owinq to Aseigaee executed by Assignors and this Asaigament are
<br />'9� well and truly paid in accordauice with the terms therein con-
<br /> - taimed, then this Assiqnment ehall be void, other+wise to remain
<br />�r_:� in full force and effect.
<br />-;�.� Assic�nors specifically aqree to notify �seiqnse in the event
<br /> � that the indebtedness owinq to Janice M. Thayer from 4uality Care
<br /> �:.� of Qraad Island, Iac. ehall be prepai.d or in any way be modified.
<br /> Assigaee further shall be permitted to periodically verify the
<br /> balanaes yet due from Quality Care of Grand Islaad, Inc. at such
<br /> , intervals ae it may in ita sole diecretfon determine.
<br /> -' At any time after default has been declared by Assigaee in .:-
<br /> respeat to indebtedness then owinq to Assignee by Assiqnnrs, or •
<br /> in the event of any prepayment of the indebtedaess owinq from
<br /> Quality Care of Grand Island, Inc. , Assignee may cause notice to
<br /> be served upon Quality Care of Grand Islan�i, In.c. and the quaraa-
<br /> tors of the Note from Quality �are of Grand Island, Inc. and make _
<br /> . demand in respect to auch Note directing that all future payments ;:.
<br /> to be made by Quality Care of Grand Island, Inc. or its guaran- -
<br /> tors be made directly to Assignee for Assignee's benefit, and
<br /> such payments thereafter received by Assiqnee shall be applied -
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