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<br />I
<br />
<br />AGREEME:NT
<br />
<br />83- 002717
<br />
<br />This Agreement is entered into this ~ day of S~~~~~h~,
<br />1982, between BELS, a Nebraska general partnership, herein-
<br />after referred to as "BELS", and HOME FEDERAL SAVINGS AND
<br />I.OAN ASSOCIATION, A Nebraska corporation, hereinafter referred to
<br />as "MORTGAGEE, and AM 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 />wgE:REAS, 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 />
<br />IN WITNESS WHEREOF, the parties have caused this instrument
<br />to be executed the day and year first above written.
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<br />A. .'V'~
<br />By' 0";. R~/ ic~""
<br />
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<br />
<br />BEL. S, A.Ne.b~aSka p,z.n. ship, .
<br />
<br />BY~~'
<br />. a.don D.L sen
<br />and
<br />
<br />retta L La
<br />ij FEDERAL SAVI S AND LOAN
<br />ASSOCIATION, MORTGAGEE
<br />~L -{.....7 .,L.,.
<br />By : ......4f" I 1) ,!,.~,-.-
<br />
<br />AM. ,t:.- ~?;... HlJS~R.. M?2?~.1 /';2 ;J,//7
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