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200806503
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Last modified
7/29/2008 4:29:40 PM
Creation date
7/29/2008 4:29:39 PM
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DEEDS
Inst Number
200806503
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<br />200806503 <br /> <br />2. Owner of Record: Lessor hereby represents and warrants to Assignor and Assignee that <br />it is the record owner of all of the real property which is leased to Assignor pursuant to <br />the Lease. <br /> <br />3. Assumption of Oblie:ations: From and after the Effective Date, Assignee, with respect to <br />the assignment of the Lease, hereby assumes and agrees to pay and perform all <br />Assignor's rights, obligations and liabilities accruing from and after the Effective Date <br />and arising out of the Lease. <br /> <br />4. Retained Property Rie:hts: Assignor is hereby retaining and reserving for itself those <br />rights and obligations as specified in that certain Retained Leasehold Interest Agreement <br />by and between Assignor and Assignee of even date herewith (the "Retained Leasehold <br />Agreement") and in that certain Terminal Access and Use Agreement by and among <br />Assignor, Assignee and K.c. Asphalt of even date herewith. <br /> <br />5. No Defaults Under Lease: Estoppel: Lessor and Assignor acknowledge and agree that, <br />as of the Effective Date, the Lease is in full force and effect and that there has been and is <br />no default with respect thereto and there are no existing or claimed conditions which with <br />the giving of notice or the passage of time or both will constitute a default on the part of <br />Lessor or Assignor under the terms of the Lease. The parties hereto hereby agree that <br />following the Effective Date, the Lease shall constitute a valid and binding obligation of <br />the Lessor and Assignee, and that Assignee shall assume and succeed to all the rights of <br />"Lessee" with respect to the Premises thereunder, subject to the Retained Leasehold <br />Agreement. Lessor and Assignor further agree that there are no amendments or <br />modifications to the Lease other than as set forth above, and that the Lease is presently in <br />full force and effect and constitutes the valid and binding obligation of Lessor and Assignor, <br />enforceable against Lessor and Assignor in accordance with its terms. The rents provided in <br />the Lease have been paid in a timely manner and have not been prepaid. <br /> <br />6. Restrictions: This Assignment is made subject to the restrictions set forth on Exhibit <br />"B" attached hereto and incorporated herein by reference. <br /> <br />7. Observance of Laws: This Assignment is subject to all applicable laws, ordinances, rules <br />and regulations affecting the Lease. <br /> <br />8. Conflicts: In the event of any conflicts between the provisions of this Assignment and the <br />Agreement, same shall be resolved in accordance with the following order of priority, as <br />between Assignor and Assignee: (i) the Agreement; and (ii) this Assignment. <br /> <br />9. Successors and Assie:ns: The terms, covenants, and conditions hereof bind and inure to <br />the benefit of the parties hereto and their respective permitted successors and assigns. <br /> <br />10. Counterparts: This Assignment may be signed in any number of counterparts, each of <br />which shall be an original, with the same effect as if the signatures thereto and hereto <br />were upon one and the same instrument. <br /> <br />[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] <br /> <br />[Grand Island, NE] <br /> <br />822322.2:731256:01918 <br />
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