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<br />R.O. VII, 3L (3 -72)
<br />(Unconditional reassignment)
<br />$7-- 161568
<br />ASSIGNMENT & REAL ESTATE LEASE AND AGREE:3ENT
<br />This assignment of lease and agreement made and entered into by and between
<br />Sax's Pizza of Grand Island Inc,
<br />{Lessee - hereinafter called
<br />and Grand Island Mall Ltd.
<br />(hereinafter called „Lessor "); and
<br />(hereinafter called "Assignee "); vitnexseth-
<br />Ifhereas. Borrower has heretofore leased from Lessor certain real p operty by lease dated
<br />June 1.3- 19136 , recorded in Boot Pa _
<br />g° , of the rewrds of the County of_
<br />State of for a teen of
<br />years, and described as follows:
<br />t
<br />Lot Two (2), Grand Island Mall, Seventh Subdivision, Hall
<br />County, Nebraska
<br />And, Whereas. Assignee has authorized the c:ukinq of a loyn to Borrower in the a:rouat of__( 365 .000.00)
<br />Sixty Five Thousand.& 00/100 ----------------------------------------- DOLLARS
<br />due cod payable on or before- November 7 ' 99c
<br />And, Wieeress, such loan is for the benefit of both Borrower and Lessor, in that the funds are to be used for the ,
<br />benefit of the t,;sipess conducted on the leased premises;
<br />Now. Ther_fore, for and in consideration of the premises and of disbursement of said loan or any part thereof,
<br />Borrower, rdth the consent of Lessor, hereby Asaio b, Transfers and Conveyzp unto Assignee the lease above describe-j,
<br />'Co have and To Hold the same for and during the remainder of the tern mention_zl in the lease, and all renew als red
<br />extensions of said term.
<br />A. Borrower cnd Lessor further Covenant and A �rre:
<br />1, Borrower is not now in default in tho performance of louse; and Sorio:ver and Lezvsar will c-,h p ^rfo :m t:_e
<br />cotenants and conditions required of him by said lease for the terns of ::aid loc,n atd arty exte as Sons or
<br />renewal of ft.
<br />2. Except as otherwise herein permitted. Borrower cstd Lessor will not, along or f:, c„r • : : ^nt f =, t: . n
<br />them- modify or terminate ,.d'ea..,, ,,thv;xt
<br />- - can :ant of Ar:sfynee.
<br />3. In the event of default by Borrower il-ter he tcrr.c: of suit, lch�se. Lk-or shit l,"Ve tj,l, ?a
<br />said I-C-c- in accordance with it n terns, Provided, Ho.rever, ! rsrrr :.hail Pica give A:: ::i. tar,- fart tys { '
<br />written notice of such default and the tight, at tho o;,tivn of Arsi ,ne`,e, do :irot •:u -.ir P';::= 1, sir curt• _At. h
<br />default; and durinq such period, Lessor will tnkc no rrt-tion to rnforc.• its clalw: c li ;r::y f70y
<br />Without Assignee':; congrnt.
<br />4. In the uvr:nt of any default by llorrowv -r in .ihs Pcrfon:1,;r •- of tiny of
<br />rwi +ierrteinr the uloresnid loan, any rr :nea4tl r:r t• <tcn ::in :r th,•roat C.r ,illy o :llot r ,
<br />t)tet.•w'th, nt ux n
<br />s G I Sing hiu aqu•rrsenL, htxein,
<br />Own, A. s:gn =e, at it L;•r;rrr, t; t
<br />(orcc oa ratty 1,� n.e rs :eery, r•nt••r n rt Ica ..,I pr;-MI t do ty y
<br />tx. 'f ^x9n9r -a; , .ass :E -rfy of ",l,`,�r7.y •t .,....x.. :.� ,� , . .
<br />- I
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