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<br />R.O. VII, 3L (3-72)
<br />(Unconditional reassignment}
<br />7s-~ ~~34;38
<br />Thts assignment of cease and agreement made and entered into by and between
<br />ASSIGNMENT QF REAL ESTATE LEASE ANA AGREEMENT
<br />CAIRO LUItiBER
<br />_ COf+Lt'AIdY (Lessee -hereinafter called "Borrower");
<br />and DARRELL B. CASWELL
<br />(hereinafter called "Lessor"); and THE STATE BA:IIi Or CAIRC, 9 Nebraska Banking Corporation
<br />(hereinafter called "Assignee"); Witaeeeeth:
<br />phereas, Borrower has heretofore leased from Lessor certain real property by lease dated
<br />recorded in Beolc , Page ~ , of the records of the County of Hall
<br />State of Nebraska for a tettn of 10 years, and described as follows:
<br />Lots Oue (1), Two (2), Three (3)> Four (L), Five (5)
<br />and Six (6) all in Block Five (5), Originate 'town
<br />of C21S0, Hail County, Nebraska
<br />And, 'Ahesesa, Assignee has authorized the making of a loan to Borrower in the amount of
<br />Qne Hundred
<br />Tn rnieand and Nc/100 Dollars (w100,000.OC)
<br />due and payable on or before
<br />And, ~herrae, strdt loon is for the benefit of both Borrower and Lessor, in that the funds are to be used for the
<br />benefit of fire business crond~ted on the leased premises;
<br />Flaw, Tkeeefare, far and in consideration of the premises and of disbursement of said loan or any port thereof,
<br />$orrower, with the cansenf of Lessor, hereby Aeei6ee, Tnasfere and Conveys unto Assignee the lease above described,
<br />To flsvc asd To hold 4he same for and during the remainder of the rem; mentiotted in the lease, and alI renewals and
<br />extensions of said term.
<br />A, florro+rer a~i Lessor further Gaveasas and Afire:
<br />1. Borrower is not naw in default in the perfortnance of Leese; and Borrower and Lessor wlll each perform the
<br />covena:tts and cortditions regeired of him t±y said lease for the term of said toast and any extensions or
<br />renewal of it.
<br />~. Except as otherwise ?Mein perrsfited, Borrower and Lessor will not, alone or by agreement between
<br />them, modify ar temdnate said lease without consent of Assignee,
<br />3. 1=. ~e event of default by Borrower tas3ez )te terms of said lease, Lessor shall have the right io terminate
<br />said lease rn accordance with its terms, Provided, However, Lessor shall first give Assignee fi0 days
<br />written notice of such default and dse right, at fire option of Assignee, during suds period, to cure such
<br />default ~ during sudt period, Lessor will take no action to enforce Sts claim arising from such default
<br />without Asaigtree`s ooasent.
<br />$. In the eroerrt of any default by Borrower in ,the performance of any of the obltgauons of his note to Assignee
<br />avldeaciaq the aforesaid loan, any rerrewal a extension thereof, a any other agreement made in rnnnection
<br />thxewith, including his a~-eetcents herein, then, Assignee, at its optim, may, without notice, using such
<br />force as may be necessary, enter said leased premises and da any one or more of the following:
<br />o. Reaxtve all Dmperty of Borrower therefrom that is hypothecated as collateral for its aforementioned
<br />loan.
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