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~ ........." ~ C')(f) c:::> ~f ~ ~, ~ o --i ~ ;'Ie Qs;! r c:: }> ;tl m ~f e :z:--i ." -ifTl c:: m en z -<0 ~. Z n:c C) - J\.) " JIll; , o " ~ :I: ~ 0 0 ~ s ~ ~ "z cnir s m r ::I: fT1 0'> ~ n en 0 CSl ~ ::I: n1 ::n J>UJ <=> ,.." ::3 ,. ::0 ~f ~ 0 ,. l> CO en ~ (f) CO -.....J C> f-" :::><; J> ~ -........... CO (f) <.n ,';' ~ :;.,~ 200604887 ;l COLLATERAL ASSIGNMENT OF LEASE FOR AND IN CONSIDERATION of the sum of Seventy-Seven Thousand and 00/100 Dollars ($77.000.00) loaned or to be loaned to the undersigned, Gary E. Shovlain and Linda D. Shovlain, hereinafter referred to as "Assignor", do hereby sell, assign and transfer unto HOME FEDERAL SAVINGS AND LOAN ASSOCIATION OF GRAND ISLAND, hereinafter referred to as "Assignee", all of Assignor's right, title and interest in and to a Lease for Real Property wherein, JC Dovle is identified as the Tenant in respect to a portion of that real estate legally described as: .r; o OJ"": <.) LOT ONE (1), SHOVLAIN SECOND SUB TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA SAID ASSIGNMENT BY THE UNDERSIGNED ASSIGNOR IS MADE SUBJECT TO THE FOLLOWING TERMS AND CONDITIONS: 1. This Assignment is given to secure. the payment of the indebtedness described above and as security of such other sums as may be hereafter advanced by Assignee to, or for the benefit of, Assignor; provided, however, that in the event all indebtedness owing from Assignor to Assignee is well and truly paid, then this Assignment shall be void, otherwise to remain in full force and effect. 2. It is the intention and agreement of Assignor that this Assignment shall also secure any future advances made to Assignor by Assignee and any and all indebtedness in addition to the amount stated above which said Assignor may owe to said Assignee, however evidenced, whether by note, book, account or otherwise. The undersigned also agrees that this assignment shall secure all costs, charges and expenses reasonably incurred or paid by Assignee, including reasonable attorney fees, because of the failure of the undersigned to comply with the terms of the Notes evidencing such indebtedness or this Assignment. 3. So long as Assignor shall note be in default of the payments due to Assignee in respect to indebtedness owing or in the performance of the requirements of any instrument of security which may secure such indebtedness, Assignor shall be entitled to collect and retain for his benefit all rents, from time to time accruing and received in respect to the Real Estate Lease herein assigned as security. 4. Upon default in the payment of any sum due in respect to the indebtedness secured hereby or in the performance of the requirements of any instrument of security which may Secure such indebtedness, Assignee may give immediate notice of this Assignment to the Tenant under such Lease and shall, from and after the date of such notice, be authorized to Page 1 of2