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86- 1019U8 ASSIGNMENT KNOW ALL MEN BY THESE PRESENTS, that in consideration of entering into a Modification and Extension Agreement in respect to a Mortgage Note dated September 26, 1984, as previously extended and modified pursuant to a Modification and Extension Agreement dated November 14, 1985, with a remaining principal sum due of One Hundred Forty -One Thousand Five Hundred Forty -Eight and 97/100 Dollars ($141,548.97), the terms of which are incorpo- rated herein by this reference, the undersigned, KENNETH B. KNOX and MARILYN M. KNOX, husband and wife, "Assignors ", hereby assign, transfer and set over to THE OVERLAND NATIONAL BANK OF GRAND ISLAND, a national banking corporation, "Assignee ", all of their right, title and interest in and to a certain Lease Agree- ment and Personal Guarantee, as well as any causes of action the undersigned may have in respect thereto by reason of default in. the performance of such Lease Agreement and Personal Guarantee, in respect to that real estate described as: Part of the Northwest Quarter of the South- west Quarter (NW }SW}), also known as part of Lot Four (4) Island in Section Twenty -Seven (27), Township Eleven (11) North, Range Nine (9) West of the Sixth (6th) Principal Meridian, Hail County, Nebraska, more particularly described as follows: Beginning at a point Four Hundred Eight and Seventy -Seven Hundredths (408.77) feet South of the Northwest corner of the Southwest Quarter of Section Twenty -Seven (27), Town- ship Eleven (11) North, Range Nine (9) West of the 6th P.M., Hall County, Nebraska, thence running Easterly and parallel to the northerly line of the said Southwest Quarter a distance of Four Hundred Thirty -Three Feet (433'); thence Southerly and parallel to the West line of said Southwest Quarter a distance of Two Hundred Forty Feet (240'); thence Westerly and parallel to the Northerly line of said Southwest Quarter for a distance of Four Hundred Thirty -Three Feet (433'); thence Northerly along the East line of South Locust Street for a distance of Two Hundred Forty Feet (240') to the place of beginning; bearing the date of April 17, 1981, whereby Assignors are leasing such real estate to N Double C, Inc., hereby intending to assign all of the undersigneds' rights to receive payments of rent as remain owing to them pursuant to the terms of that Lease Agree- ment, as well as any rights to action in respect to the Personal Guarantee of such rents. -1- LM!: L L �