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<br />" ~ Q~ <br /> "'" m en fl1 <br /> ~ c: nx '"'" ~i <br /> ~~ z ~ .:::;;;0 Ocn <br /> ~ C ~ <br /> ~'- 0, O-f <br /> ~ <:::..- c:: l>- <br /> OCI) r"\. z-f <br />I\J ~~ c= <br />S ~ ~:I: z -I'" aa- <br />s ~,~ ........ -<0 <br />CJ) ~ 0"'" a_ <br />s '1. " ...c """'z ~~ <br /><.n ~ <br />w t 0 :x:: rn <br />S m t ::0 }>tJJ <br />...... m ::3 ,- :u <br /> 0 ,-~ c.ni2 <br /> U> ji..;..l U> <br /> c::l ;:><: W::J <br /> >- a..... <br /> c...:> -- ........~ <br /> -..J U> <br /> (J1 <br /> COLLATERAL ASSIGNMENT OF LEASE <br /> <br /> <br /> <br />FOR AND IN CONSIDERATION of the sum of Eight-Five Thousand and 00/100 Dollars <br />($85.000.00) loaned or to be loaned to the undersigned, Gary E. Shovlain and Linda D. Shovlain, ./ S <br />hereinafter referred to as "Assignor", do hereby sell, assign and transfer unto HOME FEDERAL '00' <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 />December 28,2005 wherein, Office Net is identified as the Tenant in respect to a portion of that real <br />estate legally described as: <br /> <br />360 North Walnut Street, Grand Island, NE, more specifically described on attached <br /> <br />Exhibit A <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 />IECORDERSMEMO:~':lnQ~lec.\. ~N:.--\ OS\'--t Page 1 of3 <br /> <br />~.:\Hc.. 1e'~1 defl1ipHon "AT. <br />--.... Reg. of Deeds <br />