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<br /> i10 On <br /> >-... m :I:}> <br /> ~ "T1 <br /> c: m C/. ~ <br /> ~. ('\ Z ('):r <=:> 0.(1) ~I <br /> 7'\ c:::> <br /> :c S; 0 cr.> 0-1 <br /> ~ ~ ~-f c:::> <br /> m ::3 z-l <br />N ~. (') en =0 -Irrt <br />IS) ~ :J: -c: -<0 <br />(Sl ~ <br />m 0"" ~G:' <br />CS co ""I1z <br />.f::>. ...., <br />(Sl 0 r XrrI ~f <br />c.n r'I'l :D l>CP <br />IS) r'I'l ::3 I ::lJ <br /> 0 r l> <br /> en ~ (I) <br /> ...... :;0<;: <br /> > <br /> -J: -- <br /> 20060'4050 CD (I) o~ <br /> en Z <br /> 0 <br /> COLLATERAL ASSIGNMENT OF LEASE <br /> <br /> <br /> <br />FOR AND IN CONSIDERATION of the sum of Seventy-Seven Thousand and 00/100 Dollars /0. ':;:'-0 <br />($77.000.00) loaned or to be loaned to the undersigned, Gary E. Shovlain and Linda D. Shovlain, <br />hereinafter referred to as "Assignor", do hereby sell, assign and transfer unto HOME FEDERAL <br />SAVINGS AND LOAN ASSOCIATION OF GRAND ISLAND, hereinafter referred to as <br />"Assignee", all of Assignor's right, title and interest in and to a Lease for Real Property dated <br />September 26.2005 wherein, Nebraska Lounges. Inc.. d/b/a! B T's Company. a Nebraska <br />Corporation is identified as the Tenant in respect to a portion of that real estate legally described as: <br /> <br />THE SOUTHERLY MOST BUSINESS BUILDING STRUCTURE CONSISTING <br />OF OVERALL DIMENSIONS OF THIRTY (30) FEET BY SIXTY (60) FEET CONSTRUCTED <br />UPON THE NORTHERLY HALF (N1I2) OF LOT EIGHTEEEN (18) OF HOLCOMB'S <br />HIGHWAY HOMES ADDITION WITH A FRONTAGE ON LOCUST STREET OF THRITY (30) <br />FEET, MORE OR LESS <br /> <br />SAID ASSIGNMENT BY THE UNDERSIGNED ASSIGNOR IS MADE SUBJECT <br />TO THE FOLLOWING TERMS AND CONDITIONS: <br /> <br />1. This Assignment is given to secure the payment of the indebtedness described <br />above and as security of such other sums as may be hereafter advanced by Assignee to, or for <br />the benefit of, Assignor; provided, however, that in the event all indebtedness owing from <br />Assignor to Assignee is well and truly paid, then this Assignment shall be void, otherwise to <br />remain in full force and effect. <br /> <br />2. It is the intention and agreement of Assignor that this Assignment shall also <br />secure any future advances made to Assignor by Assignee and any and all indebtedness in <br />addition to the amount stated above which said Assignor may owe to said Assignee, however <br />evidenced, whether by note, book, account or otherwise. The undersigned also agrees that <br />this assignment shall secure all costs, charges and expenses reasonably incurred or paid by <br />Assignee, including reasonable attorney fees, because of the failure of the undersigned to <br />comply with the terms of the Notes evidencing such indebtedness or this Assignment. <br /> <br />3. So long as Assignor shall note be in default of the payments due to Assignee <br />in respect to indebtedness owing or in the performance of the requirements of any instrument <br />of security which may secure such indebtedness, Assignor shall be entitled to collect and <br />retain for his benefit all rents, from time to time accruing and received in respect to the Real <br />Estate Lease herein assigned as security. <br /> <br />Page lof2 <br />