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r~ f 81--~~ti~847 ASSIGNttEtdT OF LESSEE'S INTEREST IN LEI,SE THIS ASSIGNi-iEtdT, made this 21st day of September , 1981, by THE RECORD SHOP, INC „ a tlinnesota corporation, having a place of business at 58(10 France Avenue South, Edina, t4innesota 55435 {hereinafter ca~led "Assignor") in favor of NORtiAN LEVITY {hereinafter called "Assignee"). W I T N E S S E T H: FOA iiALUE RECEIVED, Assignor does hereby SELL, ASSZGPi, TRANSFER, SET OVER and DELIVEi2 unto the Assignee, the lease more particularly identified in Exhibit "A" attached hereto, and more particularly described in the Security Agreement hereinafter identified. TOGETHER with any and all extensions and renewals thereof and any and all further leases (including subleases thereof, tenancies following attornment and oil and gas leases) upon all or any part of the said premises (all such leases, subleases and tenancies heretofore mentioned are hereinafter collectively included _.. the designation "said lease(s)"). TO HAVE AND TO HOLD the same unto the Assignee, its successors and assigns forever, or for such shorter period as hereinafter may be indicated. FOR THE PURPOSE OF SECURING the payment of the indebtedness evidenced by that certain Term Loan Note dated September 21, 1981, in the principal sum of One Hundred Thousand Dollars ($ 100,000) made by Assignor payable to the order of NORtiAN LEVITY and presently held by Assignee, including any extensions and renewals thereof and any supplemental note or notes increasing such indebtedness as well as the payment, observance, performance and discharge of all other obligations, covenants, conditions and warranties contained in the Security Agreement entered into on the 21st day of Se tember , 1981, by THE RECORD SHOP, INC. {Debtor) a~nc-NORt-SAN LEVI'lT Secured Party), NORflAN LEVITY may accept assignment to all or any combination of the Leases described in Exhibit A. This Assignment shall not be ccr:strues~ to re4iuire iyORtiAN LEVITY to ?ocept assignment to any of the Leases. The decision to accept or re:;ect all or any combination of the i,eases shall be in the total discretion of NOF.HAtd LEVIT'P, TO PROTECT THE SECURFTY OF 'PHIS ASSIGPI^1EtdT, IT IS COVENANTED A27D AGREED AS FOLLOWS: L.~. 1 That Assignor represents and warrants: That Assignor has good title to the identified leases} hereby assigned and good right to assign the same, and that no other person, firm or t.~