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FOR AND IN CONSIDFRA'I'ION of the sum of One Million and No /100 Dollars
<br />($1,000,000.00) loaned to the undersigned, GRAND ISLAND COMMERCIAL VENTURES, L.L.C., a --
<br />Nebraska limited liability company, hereinafter referred to as "Assignor ", does hereby sell, assign and
<br />transfer unto HOME FEDERAL SAVINGS AND LOAN ASSOCIATION OF GRAND ISLAND,
<br />hereinafter referred to as "Assignee ", all of Assignor's right, title and interest in and to a Lease dated
<br />December 20, 2002, wherein Orscheln Farm and Home LLC, a Missouri limited liability company, is
<br />identified as the Tenant in respect to a portion of the building located upon that real estate legally
<br />described as:
<br />PARCEL L
<br />A RACI OF LAND COMPRISING A PART OF LOTS 1, 2, 3, 7, AND 10,
<br />AND THAT PART OF THE VACATED ALLEY ADJACENT THERETO, ALL IN
<br />COMMERCIAL INDUSTRIAL PARK SUBDIVISION OF PART OF BLOCK 1,
<br />NELSEN SUBDIVISION, CITY OF GRAND ISLAND, HALL COUNTY,
<br />NEBRASKA, AND MORE PARTICULARLY DESCRIBED AS FOLLOWS:
<br />BEGINNING AT THE NORTHWEST CORNER OF SAID LOT 1; THENCE
<br />RUNNING SOUTH ALONG THE W EST LINE OF SAID LOTS 1 AND 7, A
<br />DISTANCE OF 719.83 FEET 10 A POINT THAT IS 37.6 FEET NORTH OF THE
<br />SOUTH W F.S'I CORNER OF SAID LOT 7; THENCE RUNNING EAST, PARALLEL
<br />TO THE SOUTH LINE OF SAID LOT 7, A DISTANCE OF 504.0 FEET TO A POINT
<br />4.0 FEET EAST OF THE EAST LINE OF SAID LOT 7; THENCE RUNNING NORTH
<br />PARALLEL TO THE WEST LINE OF SAID LOTS l AND 7, A DISTANCE OF 344.1
<br />FEET; THENCE RUNNING WEST, PARALLEL TO THE SOUTH LINE OF SAID
<br />LOT 7, A DISTANCE OF 60.0 FEET; THENCE RUNNING NORTH, PARALLEL TO
<br />THE WEST LINE OF SAID LOT I, A DISTANCE OF 410.0 FEET TO A POINT ON
<br />THE NORTHERLY LINE. OF SAID LOT 3; THENCE RUNNING
<br />SOUTHWESTERLY ALONG 'I HE NORTH LINE OF SAID LOTS 3, 2, AND 1, A
<br />DISTANCE OF 445.31 FEET TO TILE POINT OF BEGINNING; EXCEPT THAT
<br />PART OF LOT I, COMMERCIAL fNDLISTRIAL PARK SUBDIVISION DESCRIBED
<br />AS FOLLOWS:
<br />REFERRING TO THE NORTHEAS'If CORNER OF SAID LOT; THENCE
<br />WESTERLYA DISTANCE OF 174.07 FEET ALONG THE SOUTHERLY EX1S'ITN6
<br />HIGHWAY RIGHT Of WAY LINE TO THE POINT OF BEGINNING; THENCE
<br />WES'T'ERLY DEFLECTING 00 000'00 ", A DISTANCE OF 11.93 FEET ALONG SAID
<br />RIGHT' OF WAY LINE TO A POINT ON THE EASTERLY EXISTING WEBB ROAD
<br />RIGHT OF WAY LINE; THENCE SOL'FHERLY DEFLECTING 85 034'14" LEFT, A
<br />DISTANCE OF 363.47 FEET ALONG SAID RIGHT OF WAY LINE.; THENCE
<br />NORTHERLY DEFLECTING 176 050'06" LEFT, A DISTANCE. OF 210.30 FEET;
<br />THENCE NORTHERLY DEFLECTING 03 °03'40" LEFT, A DISTANCE OF 154.41
<br />FEET' TO THE POINT OF BEGINNING.
<br />PARCEL2:
<br />THE SOUTHERLY 37.6 FEET OF LOT 7 AND THE NORTHERLY 42.4 FEET OF
<br />LOT 8, ALL IN COMMERCIAL INDUSTRIAL. PARK SUBDIVISION OF PART OF
<br />BLOCK 1, NELSEN SUBDIVISION IN 'I HE CITY OF GRAND ISLAND, HALT,
<br />COUNTY,NEBRASKA.
<br />SAID ASSIGNMENT BY THE UNDERSIGNED ASSIGNOR IS MADE SUBJECT TO THE
<br />FOLLOWING TERMS AND CONDITIONS:
<br />1. This Assignment is given to secure the payment of the indebtedness described above and as
<br />security for such other sums as may be hereafter advanced by Assignee to, or for the benefit of, the
<br />Assignor; provided, however, that in the event all indebtedness owing from the Assignor to the Assignee
<br />is well and truly paid, then this Assignment shall be void, otherwise to remain in full Poree and effect.
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<br />COLLATERAL ASSIGNMENT
<br />OF LEASE
<br />N
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<br />FOR AND IN CONSIDFRA'I'ION of the sum of One Million and No /100 Dollars
<br />($1,000,000.00) loaned to the undersigned, GRAND ISLAND COMMERCIAL VENTURES, L.L.C., a --
<br />Nebraska limited liability company, hereinafter referred to as "Assignor ", does hereby sell, assign and
<br />transfer unto HOME FEDERAL SAVINGS AND LOAN ASSOCIATION OF GRAND ISLAND,
<br />hereinafter referred to as "Assignee ", all of Assignor's right, title and interest in and to a Lease dated
<br />December 20, 2002, wherein Orscheln Farm and Home LLC, a Missouri limited liability company, is
<br />identified as the Tenant in respect to a portion of the building located upon that real estate legally
<br />described as:
<br />PARCEL L
<br />A RACI OF LAND COMPRISING A PART OF LOTS 1, 2, 3, 7, AND 10,
<br />AND THAT PART OF THE VACATED ALLEY ADJACENT THERETO, ALL IN
<br />COMMERCIAL INDUSTRIAL PARK SUBDIVISION OF PART OF BLOCK 1,
<br />NELSEN SUBDIVISION, CITY OF GRAND ISLAND, HALL COUNTY,
<br />NEBRASKA, AND MORE PARTICULARLY DESCRIBED AS FOLLOWS:
<br />BEGINNING AT THE NORTHWEST CORNER OF SAID LOT 1; THENCE
<br />RUNNING SOUTH ALONG THE W EST LINE OF SAID LOTS 1 AND 7, A
<br />DISTANCE OF 719.83 FEET 10 A POINT THAT IS 37.6 FEET NORTH OF THE
<br />SOUTH W F.S'I CORNER OF SAID LOT 7; THENCE RUNNING EAST, PARALLEL
<br />TO THE SOUTH LINE OF SAID LOT 7, A DISTANCE OF 504.0 FEET TO A POINT
<br />4.0 FEET EAST OF THE EAST LINE OF SAID LOT 7; THENCE RUNNING NORTH
<br />PARALLEL TO THE WEST LINE OF SAID LOTS l AND 7, A DISTANCE OF 344.1
<br />FEET; THENCE RUNNING WEST, PARALLEL TO THE SOUTH LINE OF SAID
<br />LOT 7, A DISTANCE OF 60.0 FEET; THENCE RUNNING NORTH, PARALLEL TO
<br />THE WEST LINE OF SAID LOT I, A DISTANCE OF 410.0 FEET TO A POINT ON
<br />THE NORTHERLY LINE. OF SAID LOT 3; THENCE RUNNING
<br />SOUTHWESTERLY ALONG 'I HE NORTH LINE OF SAID LOTS 3, 2, AND 1, A
<br />DISTANCE OF 445.31 FEET TO TILE POINT OF BEGINNING; EXCEPT THAT
<br />PART OF LOT I, COMMERCIAL fNDLISTRIAL PARK SUBDIVISION DESCRIBED
<br />AS FOLLOWS:
<br />REFERRING TO THE NORTHEAS'If CORNER OF SAID LOT; THENCE
<br />WESTERLYA DISTANCE OF 174.07 FEET ALONG THE SOUTHERLY EX1S'ITN6
<br />HIGHWAY RIGHT Of WAY LINE TO THE POINT OF BEGINNING; THENCE
<br />WES'T'ERLY DEFLECTING 00 000'00 ", A DISTANCE OF 11.93 FEET ALONG SAID
<br />RIGHT' OF WAY LINE TO A POINT ON THE EASTERLY EXISTING WEBB ROAD
<br />RIGHT OF WAY LINE; THENCE SOL'FHERLY DEFLECTING 85 034'14" LEFT, A
<br />DISTANCE OF 363.47 FEET ALONG SAID RIGHT OF WAY LINE.; THENCE
<br />NORTHERLY DEFLECTING 176 050'06" LEFT, A DISTANCE. OF 210.30 FEET;
<br />THENCE NORTHERLY DEFLECTING 03 °03'40" LEFT, A DISTANCE OF 154.41
<br />FEET' TO THE POINT OF BEGINNING.
<br />PARCEL2:
<br />THE SOUTHERLY 37.6 FEET OF LOT 7 AND THE NORTHERLY 42.4 FEET OF
<br />LOT 8, ALL IN COMMERCIAL INDUSTRIAL. PARK SUBDIVISION OF PART OF
<br />BLOCK 1, NELSEN SUBDIVISION IN 'I HE CITY OF GRAND ISLAND, HALT,
<br />COUNTY,NEBRASKA.
<br />SAID ASSIGNMENT BY THE UNDERSIGNED ASSIGNOR IS MADE SUBJECT TO THE
<br />FOLLOWING TERMS AND CONDITIONS:
<br />1. This Assignment is given to secure the payment of the indebtedness described above and as
<br />security for such other sums as may be hereafter advanced by Assignee to, or for the benefit of, the
<br />Assignor; provided, however, that in the event all indebtedness owing from the Assignor to the Assignee
<br />is well and truly paid, then this Assignment shall be void, otherwise to remain in full Poree and effect.
<br />
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