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Cs~~q' w~+.~, v0 COLLA'IE3AL SSS'G:?+~'s'3' 0' .;G2EL;L::' In consideration of Small business Administration (SBA} approving a loan in the asnunt of S 50,000.00 sad co iodcce SBA to disburse said amount to *tILO L. S E E. STITES, d/b/a COPYCAT INSTANT' PRINT G CBorrowatj the purcbasezs cased in an Agreement dated Ju y 1, 1980 covatiag real tftste dsscribed tharcin as: Lot Five (5), fn Block Thirty-Five (35), 0*iginal Tocm, now City of Grand Island, Hall County, Nebraska. wherein MARI(?~* ?• AD-°-ISSON :LNn MgRY A.VN AOKISSOy. is named as Seller, said Borrower does hereby assi~ and set over to SBA its successors sad assi3na, ali their right, title and interest in and to said Agreement. TO HAt~E A,YD SO HOLD the same from the date hereof during the [eras of the lass rafarred to above, as collateral security for said loan, sub~eec to the follawiag terms and conditions: 1. Borrower nha11 ac ail times hold SSA, its successors and assigns, harmless from any such obligations and from any and all liability which may at any time arise from said Agreement. Z. Borrover agrees that they shall not have the power co and will not modify or .terminate the above described egreament except 6y payment in full, without prior written conaant of SBA. 3. In the event of any default on the part of Borrover on the Nott to SBA or nay eatension or renewal ehereof, or any other obligation or agreement made i¢ connection with the aforesaid loan, SBA without notice, may enter into and take possession of said premises. 4. SBA shall not, excapc is the event these is cakes possession of Borrover prmises, be under anq obligation ac any time to perform any of [he obligations and duties of Borrover and shall not be bound by any of the terms, condi*_1ons, provisions sad covenants which may be binding upon Borrover under the above described Agreement. 5. Borrower agreaa to extend said option is the Agreement contained from mooch to month as required by the terms and conditions of said Agreement and is the event the option is axarcisad and Borrower purchases said property, they will forthwith execute a first and prior mortgage on said property to SBA. Dated /2 ~ /~o 19~/ . ~~ STATE OF NEFRASKA ) ss COUNTY OF ) on this.,~,y day of a So_ca~zy Public in sad for co ma known to 0 sad acknowledged deed. tSEA~,I ?II L~S"i' I I'F.S f .i AtitiFTTF r. STTTES, HIS ~.1IFH ~Il NDTARP~ 1Ym M M~brW MaRill/ 1. CONaov w a... Fa.l~aa. za l~ 19~, before ma, cha undersigned, its personally appeared in and who ax uced the foregoing inatru the same as_ }~~,,. -voluntary act and I ~~~ ~ :70T Y PUBLIC ~ :ly commission expires