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<br />t.o. 911. n. (3-72) <br /> <br />84-004896 <br /> <br />(lIncaldtt.toaa1 -~) <br /> <br />ASSIGNMENT of REAL ESTATE LEASE AND AGREEMENT <br /> <br /> <br />Five Points Bank <br /> <br />This ass.\QIllll8l1t of lease and ~t mode and entered Into by and t.t_ l(BR enterPrises. <br />Richard J. Russell and Barbara J. Russell, Husband anq Wife. <br />cl/h/a R'.;.nza Drive Inn of Grand Island . . (l..eIt.lIe&.~MW!~jj!II!"'t. <br />J. M. Lwgeman, also Known as Jack M. Lingeman, and Velma Lingeman, Ht1iiliiiOda.\<l~~e~ <br />and Ma:-k. Schuele and Phyllis Schuele, Husband and Wife <br /> <br />(~called ''LeJIlsor''); and <br /> <br />(Iwetnaft.. called "Asslqnee"); WI~ <br /> <br />........,Bonower has hemofont 1-..1 from L.e81lOf CIlrtatn r1!G! pnlIlerty by i_.dGted <br /> <br />Hall <br /> <br />State of <br /> <br />Nebraska <br /> <br />Legal ~ltr_achm€'nt d.tt3che(j 1;'- r~t',o <br /> <br />And. ""--. Aaalqnee h... authorized lh.. mobn" 01 0 loon to Elorr..- In tlte amount of "~"'.'nrv p""y <br /> <br />'lH"'n\i<-::."~;'vi n(~ ~~':,,' ~ ~_~;(! <br /> <br />'~'OLL<"d{;~ ($;':: I 000.. 00) <br /> <br />due and payable 01\ or before <br /> <br />"),:"'-t- (?bflT 1.. 19<14 _, <br /> <br />And, ....... such 10<Jl 18 for the benefit of both Borro_r and Lessor, in that the funds ant to be ~ for: the <br />t..lefl! of th.. buatneaa conducted on the l_ed premises; <br /> <br />Ne.. n...r-. fO[ and In conaldetoUon of. the premtsell and of disbursement of said loon 0[ <JlY port th_ot, <br />Bonower, with the ClllllIent of Leuor, hereby "-p, T_'- and eo.....,.. !.mto Aasl~ the 1_ above described, <br />T. ....... .... T. HeW the _ for and durin" the remainder ollhe t<!lm mentioned In the 1_, I1Ild aU _wals and <br />ext_iona of said tenn. <br /> <br />A. a-- and ~ further c-e_. and .\pee. <br /> <br />I. ~ is not now In default In tm:. perlormance of lea...; and Borrower I1Ild Lea_ will each perform tm:. <br />~ta I1Ild conditlona requ,lhld 01 him by said lE!Clae lor the term 01 sold loon cmd any extanalona or <br />_lofll. <br /> <br />2. EXClIPl OB otherwise beteln pennjtted, Borro_ <lftd Lessor will not, alone or by ~,bet_n <br />them, modify or temllnale said lease without c:oneent 01 AssiqIIM. <br /> <br />3. III the _t 01 default by BorJoo_ Wlder 'he terms of said 1_. 1A_ lIhaIl hove the rlQl,lt II' tenntnate <br />sald 1_ in occordcmce with Its terms, Provided. HoW9Yef, Lessor shojI lirat qJ". Asalqnee8J <:bys <br />wdUII" notice 01 such del<1ult <md th.. "<lht, at the option 01 Assiqnee, dwnQ sud'l petioct, to CU_ 6uch <br />defoWl; CIXl durin4 such period. Lessor will toke no act/oo to enlotce Ita claIm arising frQrQ !!I!!clI del<:ro.lt <br />wiu-l Aaa~'ll canaent. <br /> <br />4.. In the _I of any ,wuu!t by aon- In .tho P<<formanoe of <JlY 01 the oblJqotlona 01 his note to ,1,..1_ <br />.....~ the a~d loon. any _01 or ""tension lhentof. or ()I\Y other OQ_ made in connectioo <br />~U.", Ir>cludlno his GIlt_I. n-.n, tbM, AU1Q1lee, at its optlon, may, without noUce, uSlno such <br />loroe (a may bill n<<;_ary, enter said 1e<JMd premi_ and do any one or more 01 th.. lollowlnq; <br /> <br /><l. ~_ <Ill pfOl)flfty .;>1 Botrow., lh9rnlfolh lhot IS h'f\l<>lhecated as colloterollor its afOl'elMftUoned <br />t~. <br />