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82001706
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Last modified
3/10/2009 2:30:39 AM
Creation date
2/27/2009 8:54:59 PM
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DEEDS
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82001706
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_ .. ~`~~ ~~i17OC <br />(~ ASSIGNMENT OF LESSEE'S INTEREST <br />E ZN LEASE <br />THZS ASSZGNME*IT, dated as of this 23'rd day of April19i32, ay <br />THE RECORD SFIOP, INC,, a lSinnesota corporat_on,- having a place of <br />business at 58©U France Avenue South, Edina, Minnesota 55.435' <br />{hereinafter cal ed "Assignor") in favor of NORMAN LEVITY <br />(hereinaf er caked "Assignee"). <br />W I T N E S S E T-H: <br />FOR 1TALIIE RECEZVED, Assignor does. hereby SELL, ASSIGN, <br />TRP:NSFER,- SET OVER and DELIVER unto the Assignee, the lease more <br />particularly identified in Exhibit "A" attached hereto, and more <br />particularly described in the Security Agreement hereinafter <br />identified. <br />TOGETHER with any and_all extensions and renewals thereof and <br />any-.,and al:l further leases (including subleases thereof, tenancies <br />fallowing,attornment`and oil and.-gas: leases} upon all ar any part <br />of the said premises`(all'such leases,_subleases and tenancies <br />heretofore mentioned are hereinafter collectively included in the <br />designation "'said Iease(sJ"). <br />TO HAVE ANIi TO HOLD the same unto-the Assigned, its <br />successors and`.assigns forever:, or for such shorter pQriod as <br />hereinafter may be n3icated, <br />FOR 't'IiE PURPOSE OF SECURING the payment-of the indebtedness <br />evidenced: by that certain.Term :Loan Nate dated April 23, 1982, <br />in the grincipa'l sum of One Hundred Thousand <br />Dollars {S lU0' Q00) made by Assignor payable to the order of <br />NORHAN LEVITY a` n~"~presently held by Assignee,. including any <br />extensions and renewals thereof. and any supplemental note ar notes <br />increasing such indebtedness as well as the payment, observance, <br />performanee and discharge pf al2 other obligations, covenants, <br />conditions and Warranties contained in 'the Security Agreement <br />entered into on the 23rd day of A ril 1982, by 'THE RECORD <br />SEiOP, INC.; {Debtor } a" ~scl'-NQRMAN LL ecured Party) . NgRMAN <br />LEVITY may; accept assignment: to a21 or any,combinatian af'the <br />Leases described. in Exhibit A. This Assignment shah not be' <br />construed to requare NORt1AN LEVIT'T to aoce{St assignment to any of <br />the Leases. ?he decision to accept or reject all: or any <br />combination of the Leases shall be in the: total discretion of <br />NORt".AN LEVITY. <br />Td PRaT'ECT'Tt3E SECURITY OF THIS ASSIGNMENT, ZT IS C017ENANTED <br />ANII AGREED AS FOLLOWSx <br />1 That Assignor represents and warrants: That Assignor has <br />good title to the identified. lease{s} hereby assigned :and good <br />right to assign the same, and that na other persgn, firm: or <br />.r <br />_,__~ <br /> <br />
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