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8s- 106984
<br />ASSIGNMENT OF LEASES AND RENTS -
<br />THIS ASSIGNMENT, entered into this i �_ day of
<br />- --' -� s__- 1986, by and between Capitol Supply Company,
<br />a Nebraska corporation, (hereinafter called "'owner"'), and National
<br />City Business Credit, Inc., a Minnesota corporation (hereinafter,
<br />with its participants, successors and assigns, called "'Lender").
<br />W I T N E S S E T H:
<br />WHEREAS, Owner is the present owner in fee simple of
<br />property in Hall County, Nebraska, described as set forth in
<br />Exhibit "A" attached hereto and hereby made a part hereof
<br />(hereinafter called "Property"); and
<br />WHEREAS, Owner has requested that Lender, from time to
<br />time, make loans and extend other financial accommodations to
<br />Owner, in an aggregate amount up to Two Million and No /100ths
<br />Dollars ($2,000,000.00) at any one time outstanding pursuant to a
<br />Credit Agreement between Owner and Lender of even date herewith
<br />(the - Credit Agreement"); and
<br />WHEREAS, the Owner has agreed that all present and future
<br />Indebtedness of the Owner to the Lender for loans made or
<br />financial accommodations extended to the Owner by the Lender, up
<br />to an aggregate principal amount of Two Million and No /100ths
<br />Dollars ($2,000,000.00) at any one time outstanding, and interest
<br />thereon including both initial loans and accommodations up to said
<br />amount and, upon repayment of such loans and accommodations, other
<br />future loans and accommodations thereafter made, (all such loans,
<br />accommodations and extensions of credit at any time are
<br />hereinafter collectively referred to as the "Indebtedness") shall
<br />be evidenced by and repayable on the terms and conditions set
<br />forth in the Credit Agreement, with interest, which Indebtedness
<br />is payable upon demand; and
<br />WHEREAS, Lender has required, as a condition precedent to
<br />the making of any loans and extension of any financial
<br />accommodations to Owner, that Owner execute this Assignment for
<br />the purpose of securing payment of the Indebtedness.
<br />NOW, THEREFORE, in consideration of the premises and for
<br />the purpose of securing (a) payment, when and as due and payable,
<br />of the Indebtedness of Owner to Lender, (b) the payment of any
<br />other indebtedness or liability of Owner to Lender, now or
<br />hereafter arising, (c) the payment of all other sums, with
<br />interest thereon, which may be advanced by Lender in accordance
<br />with or which may be secured by this Assignment, the Deed of
<br />Trust, or any other instrument constituting security for the
<br />indebtedness (which Deed of Trust and other instruments are
<br />hereafter collectively called "'Collateral Agreement'), and (d) the
<br />performance of all of the terms, covenants, agreements and
<br />conditions contained herein or in the Collateral Agreements (all
<br />Li
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