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200205044 <br />RELEASE OF ASSIGNMENT OF LEASE <br />The Nebraska Economic Development Corporation ( NEDCO), a corporation <br />organized and existing under the laws of the State of Nebraska, with its principal office <br />at 2631 "O" Street, City of Lincoln, County of Lancaster, State of Nebraska, for valuable <br />consideration, receipt of which is hereby acknowledged, hereby releases the property <br />situated in the County of Hall, State of Nebraska, described as follows: <br />Lot 1, Grand Island Mall Eleventh Subdivision <br />City of Grand Island, Hall County, Nebraska <br />from an Assignment of Lease given on that property on or about December 24th, 1997 <br />executed by Video Kingdom of Grand Island, Inc. as Lessor, and Video, Inc., as <br />Lessee, to the Nebraska Economic Development Corporation, a Notice of said <br />Assignment of Lease and Agreement being recorded on December 29th, 1997, in the <br />office of the Register of Deeds of Hall County, Nebraska, at Instrument No. 97- 110928, <br />said Assignment of Lease given as security for the payment of a note executed <br />December 24th, 1997, by Video Kingdom of Grand Island, Inc. and Video, Inc., to the <br />Nebraska Economic Development Corporation. Additionally, in consideration of such <br />payment, NEDCO hereby remises, releases, and forever quitclaims to Lessor and <br />Lessee and to their successors and assigns of Lessor and Lessee, the above - <br />described property, together with all tenements, hereditaments, and appurtenances <br />thereto belonging. <br />IN WITNESS WHEREOF, such corporation has caused this release to be <br />executed by its Chairman of the Board of Directors who is duly authorized by resolution <br />of its Poard of Directors, and has caused its corporate seal to be affixed hereto on the <br />day of , 2002. <br />In <br />NEBRASKA ECONOMIC DEVELOPMENT <br />CORPORATION, Attorney -in -Fact for the <br />United States Small Business Administration <br />Lou Viola, Chairman of the Board of Directors <br />