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<br />COLLATERAL ASSIGNMENT OF LEASE
<br />
<br />FOR AND IN CONSIDERATION of the sum of Three Hundred Fifty Thousand and 00/100 Dollars
<br />($350,000.00) loaned or to be loaned to the undersigned, Sun dance Feed & Seed Company,
<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 />October 12,2006 wherein, Sundance Feed & Seed Company is identified as the Tenant in respect to a
<br />portion of that real estate legally described as:
<br />
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<br />
<br />Menards Second Subdivision, Lot seven (7) and the north one hundred thirty five feet (N135')
<br />of Lot eight (8) except any part thereof in road, street or alley and subject to any and all
<br />matters of record or which would be discovered by an accurate survey and inspection of the
<br />premIses.
<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.
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