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<br />CONDITIONAL ASSIGNMENT OF LEASE
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<br />KNOW ALL MEN BY THESE PRESENTS, that for and in consideration of sums loaned
<br />to MR. G' S CAR CARE CENTER, INC., a Nebraska corporation, hereinafter referred to as
<br />"Borrower", however evidenced, the terms of which are incorporated herein by this reference;
<br />GARY R. JACOBSON, a single person, hereinafter referred to as "Assignor", hereby assigns,
<br />transfers, and sets over to EXCHANGE BANK, a Nebraska banking corporation, hereinafter
<br />referred to as "Assignee", all of his right, title, and interest in and to a certain Lease dated July 2,
<br />1980, with a term of Thirty-Five (35) years commencing July 1, 1980, any renewals and
<br />extensions thereof, wherein Assignor is leasing the real estate located in Hall County, Nebraska,
<br />commonly known as 14 Kuester Lake, Grand Island, NE 68801 and legaliy described as:
<br />Lot Eighteen (18), Having a Lake Front Footage of Seventy-Eight Feet (78')
<br />Situated on the West Side of the West Portion of Kuester Lake, and Being on a
<br />Part of the East Half of the Southwest Quarter (E1/2SW1/4) in Section Thirteen
<br />(13), Township Eleven (11) North, Range Nine (9) West of the 6 P.M., Ha11
<br />County, Nebraska;
<br />from KUESTER LAKE, INC., a Nebraska corporation, hereinafter referred to as "Lessor";
<br />hereby intending to assign any interest he may have in and to such leasehold interest.
<br />This Assignment is given as security for the indebtedness mentioned hereinabove and as
<br />security for such other sums as may be advanced in accordance with the Deeds of Trust,
<br />Financing Statements, Security Agreements, and Conditional Assignments executed concurrently
<br />herewith, together with all past, present, and future notes or other obligations of the Borrower or
<br />Assignor evidenced by Promissory Notes or other instruments of indebtedness, hereinafter
<br />referred to as "Loan Documents". In the event that such indebtedness, future advances, interest,
<br />and such other sums as may be advanced in accordance with the terms of the aforementioned
<br />Loan Documents are well and truly paid in accordance with the terms therein contained, then this
<br />Assignment shall be void, otherwise to remain in full force and effect.
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<br />The undersigned Assignor shall continue to make all payments to be made in accordance
<br />with Assignor's Lease Agreement in respect to the above-described real estate and any renewals
<br />and extensions of that Lease Agreement as they become due. Should at any time a default be
<br />declared in respect to such Lease Agreement, Assignee may, at its option, advance such sums as
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