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<br /> ;110 n E <br /> ~ :z: <br /> m "" o~ <br /> Z n ::J: r..= :0 <.n <br /> (') ~ c;:::> O-i <br /> ~ C <::::I? <br />'t:- % '~ c::J> <br />rn ~ (:.- :z:-i ~~ <br />n ~~ c= -Il'Tl <br />"" :c ~. nl :z -<0 <br />~ Q :.;.- oar <br /> O~ ....... 0"" <br /> -" ...c: "z ~i <br />~I 0 t :::r::m <br /> n1 ::0 >- co <br /> n1 :3 r ;;0 <br />~, 0 r- >- <br /> (fl l-' U> U)g <br /> 0 ;:::>0: <br />~, )>0 Ojiil. <br /> C,...) ~"......... <br /> -.] (f) 02 <br /> if) 0 <br /> COLLATERAL ASSIGNMENT OF LEASE <br /> <br />I\J <br />(S) <br />IS <br />m <br />(S) <br />CJ'J <br />UJ <br />(S) <br />IS <br /> <br />FOR AND IN CONSIDERATION of the sum of Eighty-Five Thousand and 00/100 Dollars /0 .J-O <br />($85.000.00) 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 (Nl/2) 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 1 of2 <br />