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<br />
<br />200510861
<br />
<br />CONSENT TO CONDITIONAL ASSIGNMENT OF LEASE
<br />AS ADDITIONAL SECURITY
<br />
<br />.5" 50
<br />
<br />The undersigned Lessor, namely KUESTER LAKE, INC., hereby consents to the
<br />Conditional Assignment to Equitable Federal Savings Bank of Grand Island, Nebraska, by
<br />Gordon H. Pedersen and Pamela M. Pedersen, of a Lease dated OCTOBER 28
<br />2005, wherein Kuester Lake, Inc. is the Lessor and Gordon H. Pedersen and Pamela M.
<br />Pedersen, husband and wife, are the Lessees, such lease commenced October 28,2005,
<br />and terminates October 27,2040, and pertains to:
<br />
<br />Lot Eighteen (18), having a lake front footage of Seventy-Five (75') Feet,
<br />which said lot is situated on the East side of the West portion of Kuester
<br />Lake, and being on a part of the East Half of the Southwest Quarter
<br />(E1/2SW1/4) of Section Thirteen (13), Township Eleven (11) North, Range
<br />Nine (9), West of the 6th P.M., in Hall County, Nebraska, and is bounded on
<br />the Easterly side by the common road.
<br />
<br />Said Conditional Assignment to which this Lessor consents was given by said
<br />Debtor to Equitable Federal Savings Bank of Grand Island, Nebraska, as additional
<br />security for payment of a Note in the amount of TWO HUNDRED THOUSAND AND 00/100----
<br />($ 200,000.00 ) and a Financing Statement or mortgage covering the above-
<br />described premises and securing payment of said Note.
<br />Such Assignment to remain effective until said Note is paid.
<br />
<br />KUESTER LAKE, INC.
<br />
<br />B~~ 07~
<br />
<br />Tim TerJak, I s President
<br />
<br />STATE OF NEBRASKA )
<br />) ss.
<br />COUNTY OF HALL )
<br />
<br />The foregoing Consent to Conditional Assignment of Lease as Additional Security was
<br />acknowledged before me this 28TH day of OCTOBER, 2005, by Tim Terjak,
<br />President of Kuester Lake, Inc., a Nebraska corporation, on behalf of the corporation.
<br />
<br />
<br />GENERAL NOTARY. Stale of Nebraska
<br />OUANE A. BURNS
<br />Carom. . March 28 2008
<br />
<br />~a~
<br />
<br />Notary Public
<br />
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