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ASSiGNAiEN7 OF REAL ESTATE LEASE Aifp AGREEAiENT
<br />This assignment of tease a•td agreement made recd entered into by and between ~~~y
<br />XX$RXX~X Larry C. & Laura K. Olander d/b/a 5O~~-~.`~.acu-ZIIS-"
<br />-,Ti~~ ZT~i€RAfiEY.~f~xxmaixgr~[BxwEkricx~[
<br />(Lessee -hereinafter called "Sarowar"1:
<br />and Theodore Samson, >3ili Peterson, & Fred Metering
<br />(tieretnafter called "C,essor"~; and the First National Bank of Grand Isldnd, Grand
<br />Island, Nebraska (heretnafter called "Ass
<br />~~„l. Riiaeseett,c
<br />- '•.fere.s, Sarrower has hezetefore leased from l,essar cezta;n real piopetty by lease dated aj'yri t t t SS-0
<br />- ,recorded in 8aak .Page , of the reeds of the %ounty of Ha t L ~,
<br />I two
<br />,_ State of 1VPhr~sk3 , '~
<br />Lot 16 Cotutty Sftb. - West hat f a~+o:.~a ~;Ti' otian "ri~~ottdrrt~s 1~ ~f°-~3~th,
<br />l2~tixiige 9 West o£ the 6th P.M. in Hall Cofutty, Nebraska.
<br />Tolhave and to hold the above described premises, to nether with the
<br />builda.*igs and impravet~nts situated theron and the rights, privileges,
<br />and appurtenances thereurta belonging or appertaining ante the Lessee
<br />£ar ~ and during the term of two (2) years commencing on the 1st day of
<br />April, 1980, and ending on the 31st day of Mar.c'ri, 1982, Lessee's option
<br />tq extend - two five (5l year e~ttensitan options.
<br />Atfd, Rker<eo, Asstgnes :as .rtl~ht~:~_ ~ ~-.r , na>iL^.q o- , , ^...~ 4,ar:u~z in the ~naunt cf ~ i scty thocra_and
<br />_______..~~_t.__~.._r~....~...._.....~_a..~.~, .~__~.~..__..___
<br />due mfd fxryafde or. or 6efrn~-~ x-1. l...19 a j .... __.._-____~
<br />Attd. Rkexes, such loan is tar the benefit of bath Barrowet end Lessor, in that the funds tae to be used for the
<br />benefit of rite buscnesa catdfx: red an the leosad premtsos;
<br />Now, 7`1em(ae, for and in catfsidaratcon at the premises and of disbfusement of said loon or ~fy 5>@t thsreof,
<br />Burrower, with tip exausont of Lessor, tierobY Aeefdrr, 'Pr.wafen and Ca.veye lnta Asaignae the lease abpve deetxi6ed,
<br />To i4npe ewd'i'a !is{d the same far and during fire remainder at the-term rnentianed !n the ]ease, and all renewals and
<br />extans;~txis of safd corm.
<br />I'A. Noteawe- geld [.easor futtlfer Coverst and .A6nee:
<br />1, f~atruwer is txt new !n default in the pertatmcusce of lease; and t~ortvwet and Leaser wilt each parftrrm the
<br />cwvanunfa acrd rnntiitions zegfrued of him by said lease fat tffe term of said iotat std any exteneiana ar
<br />renewal of tk.
<br />2. E>scept art dhetwise hetalft pernytt«l, Bartawer ltd l.e~ot will ttQt. t~ t<r hY agree€tettt.i~tcrean
<br />them, tBadi2y ar temninde sued le.^ete without eon4ert al Assigtfae.
<br />3. In the event of dwaault by Baetawer under 'he tarn-s ut sot3 tease, t,eeegr s}tull have ttaa ngEit to terminate
<br />sayf iec~e to nccaraonce with. its terms, Ffravided, lfawever. Lesser shalt first give Aasctgfee b0 days
<br />written notice of aucA default and the right, at the option of Assignee, dtirtnq such period, to rote such
<br />deirrult; ani dt~ihq such peered, Lesst>i will take su aetfan to arffaroe f'., claito arising from sic,.-h defwtt
<br />withaui Aasigneo,a catfsenr.
<br />i to the evaset of any default by i3orrawer in the perjarmeatce ai 'x'tY vi the at:ifgauans of his Wort to Aaugrtse
<br />eYlden~iztq the at+>teaotd lcrn, ~sy rgtfeaval ar extension thereof, ar any otMo-r agtewmwtt rtsxfe in cotfta-tKfon
<br />tlfatitewitlt, inv=hrdtnq hf_q atu~ooittt~ts hereof, iiae:f. ABSigtiee, at ^S ,~ttiaf, tnerY, wlfffaal npttc4, aging atta:h
<br />farce ~t traY br aesga8ary, ea#er ;catd feosod Aret+aiass std da any otte or tnara at the taiiowinq:
<br />:t, iimiave all t~ctpeHy al lia:oawez therefrom ttrA fshypathecatei as wilateral fat its aioraarorftiuned
<br />::xis.
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