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<br />- ��ATF�AI._ASSI(3NMrN�'OF I•EA,S�
<br /> ' FOR AAIL�IN CON�11)F14ATIl1N nf thw emm�£ TWO h1l1NORE0 TIi1FNTY F(111R THtll ISQNtI �
<br /> Dolltus($z14,aoQ.00�loaned or to be loaned to th�undersigned, .
<br />- �AmES P f4ASAT.�j�p�,yN A mASAI' AND STELLA I� LEVEA
<br /> hereinafter referred to as"Assignor",do hereby ssll,assign and transfer�annta HOME
<br /> FEDERAL SAVINGS AND LOAN ASSOCIATION Ok GRAND ISLAND,hereint�fter
<br /> referred to as "Assignee",all of Assignor's right,utte and interest in and to a Lease for
<br />- Reai Fruperiy dated m1�Y 30 , 1�g 6 wherein �
<br /> F_IR5T AmERICANS IN5URANC� SERUICES, INC. is idsiitified as the T�nant in
<br /> res ct to aportion of that real estata legally describe�as:
<br /> LOT THREE (3� commERCIAL INDLJSTRIAL PARK SECONO SUBD'lVISION IN THE CITY QF GRAND ISLAND
<br /> HALL C�UNTY, NEBRASKA, RND THE EAST FIFTY FEET (E SO') OF LOT 1'WO (2) AND THE NQRTHEAST
<br /> 62.65 FCE i OF LOi-FUUR'-[�i" � , THE CITY
<br /> �F GRAND ISLANO,-ft�ttt , , SCRIBED AS
<br />= F'QLLtIWS: THRT �IFFET gF �onnirnrr onnn -r,�� 68������_ UBDIVISION�
<br /> VACATEQ 8Y ORDINQ�N .F,�vo Fa�fl� m[1RF UARTTrIII AR Y D SrRTa�^ �=, THAT�ART �F FRONTAGE
<br /> FcQAD A6UT1'ING UPDIU THE EAS I 5� F'EET� OF i 5.240 mETERS, OF LOT 2 AND ALL OF LOT 3,
<br /> COP'lrIERCiAL INDUSTRIAL PARK SECO(UD SUBDIUISION IN 7HE CITY QF GRAND ISLA�Ip,—iFAI.L CDUNTY,
<br /> NEQRASKA.
<br /> SAID ASSIGNMENT BY TI�E UNDERSI(�NED ASSIGNOR.IS Iv�ADE
<br /> SUHJEC'�'TO THE FOLLOWIIVCi TERMS AND CONDITTONS:
<br /> 1. 'I�is Assignment is given to secure the payment of the indebtedness described
<br /> � abave aad as security for such other sums as may be hereafter sdvanced by Assignce to,
<br /> � or for the benefit of,Assigaor;provided,however,tlnat in the event all indebYedness
<br /> . owing from Assignor to Assignee is well and truly paid,then this Assignment shall be
<br /> void,otherwise W xemain in full force and effect.
<br /> 2. It is the intention und agreement of Assignor that this Assignment shall also
<br /> secure anY future aclvauces made to Assignor by Assignee and any and uil indebt�dnass in
<br /> additioii to the amount stated above wtuch said Assignar may o�ve to saifl Assignee,
<br /> however evidenced,whether by note,book,account ar otherwise. 'Che undersigned also
<br /> agrees that this Assigiunent shall secure all costs,charges and expenses reasonably
<br /> incurred or paid by Assignee,including reasonable attor.aey fees,because of the failzue of
<br /> ' ' the undersigned tA compiy with the terms of the Notes evidencing such indebtedness or
<br />�, �� this Assignment.
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<br /> r 3. So long as Assiguor sha11 not be in default of the payments due tn Assignce in
<br /> � respect to ind�ebtedness owing or in the performance of th�requirements of any
<br /> ins4rument of security which may secure such indebtedness,Assignor shall bo enritled to
<br /> collect and retain for his benefit all rents,from time to tune aceruin�and received in
<br /> respe�ct to the Real Estat$Lease herein Assigned as security.
<br /> 4. Upon ci�efault in the payment of any sum due in respect to the indebtedness'
<br /> secured hereby or in the performancc of the requirements of any instrument of security
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