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<br />200510862
<br />CONDITIONAL ASSIGNMENT OF LEASE AS ADDITIONAL SECURITY
<br />
<br />GORDON H. PEDERSEN and PAMELA M. PEDERSEN, husband and wife, as
<br />
<br />
<br />joint tenants, ASSIGNORS, do hereby assign to EQUITABLE FEDERAL SAVINGS BANK
<br />
<br />
<br />OF GRAND ISLAND, NEBRASKA, ASSIGNEE, as additional security for payment of a
<br />
<br />loan made to Assignor by Assignee in the amount of $ 200.000.00
<br />
<br />, the Lease dated
<br />
<br />OCTOBER 28, 2005 , 2005, wherein Kuester Lake, Inc. is the Lessor and Assignors are
<br />the Lessees, pertaining to the following-described premises:
<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 />It is understood that if the Assignors pay said indebtedness of $ 200 I 000.00
<br />with interest and according to the provisions of the Financing Statement given by them to
<br />the Assignee, that this Conditional Assignment of said Lease will thereafter be null and void
<br />and of no further force nor effect.
<br />
<br />DATED: OCTOBER 28
<br />
<br />,2005.
<br />
<br />/UJ! {)~
<br />
<br />GORDON H. PEDERSEN
<br />
<br />~-~~~i& P'~~~N;~~;.~....
<br />
<br />STATE OF NEBRASKA )
<br />) ss.
<br />COUNTY OF HALL )
<br />
<br />Before me, a Notary Public qualified in said County, personally came Gordon H.
<br />Pedersen and Pamela M. Pedersen, husband and wife, as Assignors, and who are known
<br />to me to be the identical persons whose names are so affixed to the foregoing Conditional
<br />Assignment of Lease, and they acknowledge their execution thereof to be their voluntary
<br />act and deed for the purposes therein stated.
<br />
<br />WITNESS my hand and Notarial Seal the date last above written.
<br />
<br />J:ENERAl NllTARY-Sta..te of Ilerasb
<br />CATHERINE J. SHU~TLEFf
<br />My Comm. Exp, .3 \ -.. DC\
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