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<br />AGREEMENT
<br />
<br />83- 002715
<br />
<br />~
<br />
<br />This Agreement is entered into this ..J1..:L day of S '!..4-&e\vchpy-,
<br />1982, between BELS, a Nebraska general partnership, herein-
<br />after referred to as "BELS", and THE OVEHLAND NATIONAL BANK OF
<br />GRAND ISLAND, A Nebraska corporation, hereinafter referred
<br />to as "MORTGAGEE, and AAA CORNHUSKER MOTOR CLUB, hereinafter
<br />referred to as "TENANT."
<br />
<br />WIT N E SSE T H :
<br />
<br />WHEREAS Bels is the owner of the following described
<br />real estate and improvements thereon:
<br />
<br />Lots 1, 2, 3, 4, 5, 6, 7, and 8 in BELS
<br />Subdivision, an addition to the City of
<br />Grand Island, Hall County, Nebraska
<br />
<br />WHEREAS, Mortgagee is the owner and holder of a mortgage
<br />and mortgage debt secured by the above described premises,
<br />which mortgage is the subject of a mortgage foreclosure
<br />action in the District Court of Hall County, Nebraska; and
<br />
<br />WHEREAS, Tenant is presently negotiating a lease with
<br />Bels for the lease of Units 14, 15 and 16 located on the
<br />above described real estate.
<br />
<br />NOW, THEREFORE, for valuable consideration including
<br />the mutual undertakings of the parties hereto, the receipt
<br />of which is hereby acknowledged by each of the parties, it
<br />is hereby agreed as follows:
<br />
<br />1. Bels and Tenant agree to enter into a written
<br />lease agreement for the lease of Units 14, 15 and 16 con-
<br />taining approximately 3,240 square feet of space located in
<br />and upon the above described real estate owned by Bels for a
<br />term of ten (10) years.
<br />
<br />2. The Mortgagee agrees that it shall not in the
<br />exercise of any of its rights arising by virtue of the
<br />aforementioned foreclosure action or under and by virtue of
<br />any other right whatever, disturb or deprive Tenant in or of
<br />its possession or its right to possession of the leased
<br />premises or of any part thereof under said lease, or of any
<br />right or privilege granted to or inuring to the benefit of
<br />the tenant under said lease provided said lease is entered
<br />into and is in full force and effect and so long as the
<br />Tenant fulfills all the terms and provisions and covenants
<br />of said lease agreement. No modification, amendment, waiver
<br />or release of any provision of this agreement or of any
<br />right or obligation arising hereunder shall be valid or
<br />binding for any purpose unless in writing and duly executed
<br />by the party against whom the same is sought to be asserted.
<br />
<br />3. This agreement shall be binding upon and shall
<br />inure to the benefit of the parties hereto and their respec-
<br />tive heirs, legal representatives, successors and assigns.
<br />
<br />IN WITNESS WHEREOF, the parties have caused this instrument
<br />to be executed ,ene day and year first above written.
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<br />By: /x" _..jIW~
<br />Dean&R~ '~i~kson
<br />
<br />BELS,
<br />
<br />By:
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<br />By: / ('1'''n'''d/
<br />Naomi- ~
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<br />Erickson
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<br />rlon D. La:
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<br />By: (;l-~~ L g:~;fu ~i/l-/
<br />THE OVERLA~ NATIONAL BANK OF
<br />GRAND i ISJ.A?, ~ORTGAGEE .
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<br />By: !;;:.'tL~U'-1i //', #"p;i;'~
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