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<br />CONDITIONAL ASSIGNMENT OF LEASE
<br />
<br />KNOW. ALL MEN BY THESE PRESENTS, that for and in consideration of the sum of
<br />Six Million Five Hundred Thousand and Noll 00 Dollars ($6,500,000.00) as evidenced by a
<br />Promissory Note of even date herewith, loaned to Assignor, the terms of which are incorporated
<br />herein by this reference, WEND GRAND, LLC, hereinafter referred to as "Assignor", hereby
<br />assigns, transfers and sets over to HOME FEDERAL SAVINGS AND LOAN ASSOCIATION
<br />OF GRAND ISLAND, a federal savings and loan association, hereinafter referred to as
<br />"Assignee", ail of its right, title and interest in and to a certain Lease dated April 22, 1977 as
<br />renewed and amended pursuant to a Renewal & Amendment of Lease and Grant of Right of First
<br />Refusal Agreement dated December 16, 1996 and assigned to Toukan Management, L.L.c. by
<br />Lease Assignment and Assumption Agreement dated January 1, 1999, which was further
<br />amended by Amendment of Lease and Grant of Right of First Refusal Agreement dated August
<br />9, 2006, having now been assigned to Assignor by Lease Assignment and Assumption
<br />Agreement dated March 15, 2007, having been for an initial term of Twenty (20) years and
<br />properly currently extended through May 31, 2012 pursuant to the provisions calling for
<br />automatic renewal, together with any renewals and extensions thereof, wherein Assignor is
<br />leasing the real estate located in Hall County, Nebrask~ commonly known as 1806 S. Locust,
<br />Grand Island, Nebraska and legally described as:
<br />
<br />A tract of land located in the Southeast Quarter of the Southeast Quarter
<br />(SE1I4SE1/4) of Section Twenty-One (21), Township Eleven (11) North, Range
<br />Nine (9) West of the 6th P.M., in Hall County, Nebraska, more particularly
<br />described as follows:
<br />
<br />Beginning at a point Seven Hundred Seven and Five-Tenths (707.5) feet South of
<br />the Southeast comer of Pleasant Home Subdivision, said point being Thirty-Three
<br />(33.0) feet West of the East line of Section Twenty-One (21); thence Westerly
<br />parallel to the South line of said Pleasant Home Subdivision a distance of Two
<br />Hundred Sixty-One (261.0) feet; thence Southerly parallel to the East line of said
<br />Section Twenty-One (21), a distance of One Hundred Thirty-Four (134.0) feet;
<br />thcnce Easterly parallel to the South line of said Pleasant Home Subdivision, a
<br />distance of Two Hundred Sixty-One (261.0) feet; thence Northerly parallel to the
<br />East line of said Section Twenty-One (21), a distance of One Hundred Thirty-
<br />Four (134.0) feet, to the place of beginning, EXCEPTING a certain tract to the
<br />City of Grand Island more particularly described in Warranty Deed recorded in
<br />Book 179, Page 238 and EXCEPTING a certain tract to the City of Grand Island
<br />more particularly described in Warranty Deed recorded as Document No.
<br />200316253;
<br />
<br />from Mark Schuele and Phyllis Schuele, husband and wife, as now assigned to Cindy Braddy by
<br />reason of the death of Mr. and Mrs. Schuele, hereinafter referred to as "Lessor", hereby
<br />intending to assign any interest it may have in and to such leasehold interest.
<br />
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