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<br />COLLATERAL ASSIGIaMNIT
<br />M ALL ?AXM BY TRESS PRESENTS.
<br />For valuable consideration, the receipt and adequacy of
<br />is Hereby. acknowledged, €iAD. PROPERTIES IIIT=
<br />PA SERSHIP, a Nebraska Limited Partnership, (Assignor), does
<br />hereby sell, assign, transfer and diel.iver unto NORWEST BAS
<br />2 A.SiiA, i.A. , GRAND ISLAAD, NMRASXA, (Assignee) , all of
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<br />Asaignor4s right, title and interest it and- to a'cer4sain Lease
<br />Agri ant dated Februa y 1, 1967, by and between the Assignor and:
<br />i.ii_ Tool Company, Inc.. :, a Nebraska corporation, which Tease
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<br />covers the followinq describes) .seal estate situated in Hall
<br />Cb*.u- ty, H°ebraska, to -wits
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<br />Lot Fifteen (lS) in Argo Subdivision, Alda,
<br />in Section Five t5 ,.- Township Ten Mt North,
<br />Range Ten (10) rest of the Sixth (6th)
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<br />Principal Meridian, Ball County, Webraska,
<br />together with all improvements Situated
<br />. thereon_
<br />Assignor warrants that as of the date hereof, Said Lease
<br />Agree>nent is in full force and effect, that the Lessee is not in
<br />default of any of the terms a. ccmditicans .caf the Lease Asgree-
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<br />ant, date that Assignor has the las I right and authority to
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<br />assign the said Lease Agreemer_t' as provided beseln_
<br />"3iIa5 assignment .a is gIYE'II to StLCt2re the payment, of inde)ated -.
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<br />Tess evidenced by a certain pvwlssory note ' +executed by Assignor
<br />in favor taf(�Assignee dated 3auuarlfi 38, IS87 in, the principal sum
<br />venty°- Six.;'.Thousand and Ro/100, - Dollars (576.000.00), together
<br />with interest at the rate or rates provided therein, ur' the
<br />r3 $ncipal, and interest can any suture advance .as e denced
<br />�a by
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<br />proeftissorp notes stati ag t7hev are secured hereby, . and any ' and all
<br />renewals y,_' Gdi'icat,; ns :a - '1�7tensi[7�ns Q'f.. such 3'"otes, G3"�.h
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<br />- principal - a3LC = imte. %est tt�l:.. the notes, belug -- payable : i1Ca -. a3C+CCSZdaFtCaw<' -
<br />w1th the _. terms. - Set forth t ae.z -in, which by this :reference is --
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<br />'hereby ;made a . part hereof
<br />Notwithstanding the rather provisions of this Collateral
<br />Assignment, Lessee shall continue to make all rental or ether
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<br />pag* atts to Lessor required by the �.re�are Agreement, - 'unless '
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<br />- : -until Lessee - receives ' a signed writing from Assignee notifying -
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<br />Lessee that the indebtedness which this Collateral Assignment
<br />secures is in default and directinq Lessee to make all subsequent
<br />tents to Assignee, which ti see shall - then - - bout: to - do-
<br />Upon the payment in fall of the a oredescribed promissory.-
<br />}e, Assignee small thereupon release aid: reassigr the afore-
<br />described, Lease Agreement to Assiqbor, and this, Collateral
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<br />_ Assignment shall thereafter be deezmd to be' nu1 and _ vadd_ -- -
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