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<br />CONDITIONAL ASSIGNMENT OF lEASE AS ADDITIONAL SECURITY
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<br />TERRY L. BABCOCK AND TRACY L. BABCOCK, husband and wife, as joint
<br />
<br />
<br />tenants, ASSIGNORS, do hereby assign to EQUITABLE FEDERAL SAVINGS BANK OF
<br />
<br />
<br />GRAND ISLAND, NEBRASKA, ASSIGNEE, as additional security for payment of a loan
<br />
<br />
<br />the Lease dated
<br />
<br />made to Assignor by Assignee in the amount of $ 100.000. 00
<br />OCTOBER 6
<br />
<br />, 2005, wherein Kuester Lake, Inc. is the Lessor and Assignors
<br />
<br />are the Lessees, pertaining to the following-described premises:
<br />
<br />Lot Twenty (20), having a lakefront footage of One Hundred (100') Feet,
<br />situated on the East side of the East portion of Kuester Lake, and being on
<br />a part of the East Half of the Southwest Quarter (E1/2SW1/4) of Section
<br />Thirteen (13), Township Eleven (11) North, Range Nine (9), West of the 6th
<br />P.M., in Hall County, Nebraska.
<br />
<br />It is understood that if the Assignors pay said indebtedness of $ 100,000.00
<br />with interest and according to the provisions of the Financing Statement given by them to
<br />the Assignee, that this Conditional Assignment of said Lease will thereafter be null and
<br />void and of no further force nor effect.
<br />
<br />DATED: OCTOBER 6
<br />
<br />,2005.
<br />
<br />~~
<br />T8 L. BABCOC -
<br />r,y!/
<br />
<br />-
<br />
<br />STATE OF NEBRASKA )
<br />) ss.
<br />COUNTY OF HALL )
<br />
<br />
<br />Before me, a Notary Public qualified in said County, personally came Terry L.
<br />Babcock and Tracy L. Babcock, husband and wife, as Assignors, and who is known to
<br />me to be the identical persons whose name is so affixed to the foregoing Conditional
<br />Assignment of Lease, and they acknowledge their execution thereof to be their voluntary
<br />act and deed for the purposes therein stated.
<br />
<br />WITNESS my hand and Notarial Seal the date last above written.
<br />
<br />M
<br />
<br />GENERAL NOTARY. State of Nebraska Notary P
<br />JOSEPH A. DOBROVOLNY
<br />My Comm. Exp. Sept. 3, 2008
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