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<br />I <br /> <br />rr)- SC~ s: d-- <br /> <br />NEBRASKA <br /> <br />88- 102042 <br /> <br />MEMORANDUM OF ASSIGNMENT OF NET PROFITS <br />AND <br />DEED OF TRUST <br /> <br />THIS MEMORANDUM OF ASSIGNMENT OF NET PROFITS AND DEED OF <br />TRUST (this "Memorandum and Deed of Trust") is executed this <br />the 15th day of April, 1988, by and among SUNWEST N.O.P., INC., <br />a Nevada corporation ("Grantor") and SAN JAC FINANCIAL <br />SERVICES, INC., a Texas corporation ("Grantee"). <br /> <br />WIT N E SSE T H <br /> <br />WHEREAS, Grantor and Grantee entered into that certain <br />Assignment of Net Profits Interest (the "Assignment") dated at <br />even date herewith, wherein Grantor sold and assigned to <br />Grantee and Grantee purchased and acquired from Grantor a <br />Participation Interest in certain Net Profi ts (each as therein <br />defined) derived from the Properties (as therein defined), <br />which Properties include, without limitation, the real property <br />more particularly described in Exhibi t A attached hereto and <br />made a part hereof for all purposes (the "Property") on the <br />terms and conditions set forth therein; <br /> <br />WHEREAS, Grantor and Grantee desire to evidence the <br />existence of the Assignment in the public records in each <br />jurisdiction in which the Property is located, and to place <br />third parties on notice that Grantee has certain rights wi th <br />respect to the Property and proceeds therefrom as set forth in <br />the Assignment; and <br /> <br />WHEREAS, Grantee has required, as a condition <br />agreement to purchase the Participation Interest, that <br />grant Grantee a deed of trust on the Property to <br />Grantor's obligations under the Assignment. <br /> <br />to its <br />Grantor <br />secure <br /> <br />NOW, THEREFORE, KNOW ALL MEN BY THESE PRESENTS: Grantor <br />and Grantee hereby execute this Memorandum and Deed of Trust to <br />evidence and notify third parties of the fact that the Property <br />is subject to the terms and conditions of the Assignment to <br />which reference is hereby made for the terms and condi tions <br />thereof. <br /> <br />To secure payment and performance of each and every <br />obligation, covenant and agreement contained in the Assignment, <br />and for and in consideration of the payment of the purchase <br /> <br />L <br /> <br />~ <br /> <br />L <br />