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<br />w~005/00027-9/13577 <br />9/25/84 0307 <br /> <br />84- 005069 <br /> <br />r <br />I <br /> <br />.'.So;I8W4Ejx'l'?Y LEASES AND RENTS <br /> <br />THIS ASSIGNJI<1ENT OF LEASES l\ND RENTS (this "Assignment") <br />is made this 26th day of septerr.ber, 1984 by Grand Island <br />Mall, Ltd., a Nebraska limited partnership, c/o The Meridith <br />Organization, Ine" 99 Park Avenue, New York, New York 10016 <br />(hereinafter referred to as "Assignor"), to BALCOR/AMERICAN <br />EXPRESS REAL ESTATE FINANCE INC., an Illinois corporation <br />("Assignee") wi'th a mailing address at 4849 West Golf Road, <br />Skokie, Illinois 60077. <br /> <br />w r T N E SSE T H: <br /> <br />V";HERE4L..S, conremporaneousl y wi th the executi on of thi s <br />Assignmen::, ASSl gnee has leaned certa~n funds to Assignor, <br />ana ,"sslgnor has exeeu'ted and delivered to Assignee that <br />ceri:a~n Proml ssor~" Note of even date herewi th Dava~le to <br />Ass1gnee 1n t.r.e pr1nc1pal sum of $3,150,000.00 (the ""Note"); <br />and <br /> <br />\A;HERE~';S, the Note ., <::: sec:.:red bYt int:.er alia, a <br />COrl5~l-UC~.lOr~ ueeo 0:: '';:'rust, ASS1Qr 7~~. of Leases and Rents <br />and Se-curi ty ';-;.rreemen:: ('the !If.'lor''l"" ;'~ >) of e"t~ ~n date herewi.th <br />on the real p~8per~y ~eqall~ Jescribed in Exhibit IfAtl <br />at~ac~ed l1eretc a~d made a part hereof (the "Mortgaged <br />P:.-oper"ty"); ana <br /> <br />\-:HERE';S; ~:--.;.e NCl'-:gac;ed Froper'Cy or portions thereof has <br />bee~ ieased tc varlCUS :e~ants pursuant to commercial leases; <br />and <br /> <br />h'RERE.'; S, :....ssl:..ln~:-- \>.~lJ.l enter lnto other commercial <br />leases fc~ DcrtIono of the MO=cGaoed Propercy (all of which <br />leasee. l '''' aoe: :'lG-r-: .,-" 'the leases desc:::tibed above # and any <br />subleases t~ereo!. are herelnaf~er referred to as the <br />"Leases"), a~:" of ',,:}::~h :"'eases, ~ogether with the rents, <br />::'r1come, :-ecelD::::-. :'e",;"enlleE, lssues and profits now due or <br />\.,,-hJ.cn may beco;ne ci'o..:e or tc) ;,..'hich Assigno:::' may nO\i.r or shall <br />hereaf:er (:::~ludl~g the perlod of l-edemptlon. if any) become <br />en~:~led ~c 0= ~ay demand or clalm arIsIng or issuing from or <br />ou~ of ~he Leases O~ from or out of the Mortgaged Property or <br />any par':: t,hereof.. :nclud.lng, but: :10t by 'Way of limita'tion, <br />mln:r':um z:ents, ",alntenanCf2, tax and i~surance contributions. <br />defICIency rents and l :q'.ndated damages following default, <br />the p!.em::'JIn Fayable by any c.b2.J..gor under any of the Leases <br />upon the exerCIse of a cancellatIon pr1v1lege orIgInally <br />prov1ded In any of :he Leases, and all proceeds payable under <br />any polley of ~nSUra!1Ce covering loss of ren~s resul~1ng f~om <br />untenantabill~Y caused by dest~uctlon or damage to the <br /> <br />Th:.s .;'ssignment was prepared by aDd after.' r'€col'dlrlg should be <br />re't-urned 1:0: <br /> <br />L <br /> <br />Vlncen~ A. F. Sergi, Esq. <br />Kat~en, Mu~hln, Zavls1 <br />Peal-l &: Galler <br />55 East Monroe Street <br />SUlte ,;flOC <br />Chl c ago r ! ill nC<l S 6~)603 <br /> <br />L <br />