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<br />I
<br />
<br />AGREEMENT
<br />
<br />83- Ou2716
<br />
<br />This Agreement is entered into this (Jq day of :\l'fJpn'l iJU,
<br />1982, between BELS, a Nebraska general partnership, here.n-
<br />after referred to as "BELS., and RUTH I. BACH, hereinafter
<br />referred to as "MORTGAGEE, and AAA CORNHUSKER MOTOR CLUB,
<br />hereinafter 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, Nebraskal 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 foreclosQre 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
<br />to be executed the day and year first above written.
<br />
<br />.,~..~Z'7
<br />B f<'? .,-
<br />y: oeizt(a'. ~~on
<br />A'I /1 (: '.
<br />By.. Cf.,,,:;f'..f.'~. J. "'. . if." . ':0,' ""'.' ..,/..t ~,,',"
<br />. _ ~ ,-"~',i'- .j.",-"- '" ' ,~-- - ~~, ._ ~.1 ._~t>:".,,,,- - .....
<br />Naomi ~. Erickson
<br />
<br />instrument
<br />
<br />By
<br />
<br />
<br />ship,
<br />
<br />and
<br />
<br />BY:~(-UliA..d'WA_.-'
<br />. . oretta, D. I:!-rsen
<br />/"'j " '.,.._f /" ,,,::
<br />j "-'~<~L-"-(.-A, "":~,,.... - {":"[rc" -.
<br />Ruth I. Bach, Mortgagee
<br />
<br />AAA C~~Ur... RJ&.ORCLua,.,? I
<br />BY:~ 'C' ' ./,,1//
<br />.. ~ /
<br />
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