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85000722
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Last modified
10/17/2011 4:20:53 PM
Creation date
4/1/2008 3:52:23 PM
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DEEDS
Inst Number
85000722
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85--- 000722 <br />SECOND <br />MODIFICATION OF <br />ASSIGNMENT OF LEASES <br />(HALL COUNTY, NEBRASKA) <br />This Second Modification of Assignment of Leases (the <br />"Second Modification") is dated as of February 6, 1985, and entered <br />into by Garst Seed Company Limited Partnership (formerly known as <br />Garst Seed Company), an Iowa limited partnership ( "Garst Seed "), <br />whose address is Coon Rapids, Iowa 50058, and American AgCredit <br />Corporation, a Delaware corporation ( "American "), whose address is <br />3033 South Parker Road, Suite 720, Aurora, Colorado 80014. <br />A. Garst Seed and American executed an Assignment of Leases dated as <br />of November 19, 1984 and filed for record on December 14, 1984 as <br />Document Number 84- 006509 of the records of the Recorder's office in <br />Hall County, Nebraska (the "Assignment ") and a Modification of <br />Assignment of Leases dated as of November 30, 1984 and filed for <br />record on December 14, 1984 as Document Number 84- 006510 of the <br />records of the Recorder's office in Hall County, Nebraska (the <br />"Modification "). The Assignment and the Modification were given to <br />secure the payment of a promissory note evidencing Garst Seed's obli- <br />gations to repay amounts advanced by American under the terms of a <br />restated letter agreement dated May 31, 1984, as amended by letters <br />dated November 15, 1984, November 16, 1984, November 19, 1984, and <br />November 20, 1984 and as modified by a Modification Agreement dated <br />as of November 30, 1984 along with any renewals, extensions, or <br />amendments to or substitutions for the note, the restated letter <br />agreement, or related instruments. <br />B. By execution of an Amendment to Modification Agreement dated as <br />of the date of this Second Modification, along with an amended note <br />and related documents, the parties have modified and increased the <br />principal amount of the line of credit available to Garst Seed under <br />the restated letter agreement. <br />C. The parties wish to effect a second modification of the <br />Assignment in order to continue its applicability to the modified <br />arrangement agreed to between the parties. <br />I <br />
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