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<br /> . �� • ° /�� 1�9�l99
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<br /> J s'(�NDITIQNA_L. ASSICrNMENT OF LICEI�i�AC•IZFF;� .ENTS
<br /> ,_�;�?��
<br /> -'�� KNOW ALG MEN BY THESB PRESENTS,that for and in consid�ration of the sum of
<br /> Six Hundaed Thousand and No1100 Dollaas(�600,000.00)as evidenced by a Construction Lin�e
<br /> ,. � of Ceedit Draw Note dated D CE B�R 19,JN _, 1996,loaned to Assignor,the terms of '
<br /> whieh are incorpor�ted herein by th�s reference,EDWARDS BUILDINCi COR.P.,a Nebraska �'�
<br /> � �� ° corporation,here�naf3er referred to us "Assignor",hereby assigns,transfers and sets over to _
<br /> � , HOME FEDERAL SAVINGS AND LOAN ASSOCIATION OF GRAND ISLAND,a federal �"
<br /> savings and loan association,hereinaRer refeaed to as"Assignee",all of his right,3itle and
<br /> ,'-,�1 ..�F'.!' ' ��::-
<br /> �; �.-,:; .:� interest in and to a certain Travelodge Notels,Inc.License Agreement dated July 12, 1996 and a =
<br /> x' Travelodge Hotels,Inc. Reservation Soflware License Agreement dated July 12, 1996 in respect -
<br />= � _. to motel operations to b�conducted in GrFUid Island,Nebraslca,hereby intending Yo assigu a�iy -
<br />=_�;`x°�:� : interest it may have in and to such license agceements and all amendments,extensions and
<br /> � renewals thereof. `---
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<br /> `�-v�`y'i'�` This Assi�unent is given as secvrity for the indebtedness mentioned hereinabove and as =
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<br /> ;-���,�A;3;� ;;:.,�, security ftor such ather sums as may be advanced in accordance with the Canstruction Line of �
<br />,,�;��; ;�-•,�'�d::; �Credit L�r���v Note,Financing Statement and Security Agreement;and this Conditional __
<br /> ,r,•��� . Assignrn��ent,hereinaf4er referred to ss Loan Document� . In the evant sitch indebtedness,future �.
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<br />.;:;, � Advances,interest and such other sum5 as may be advanced in accordance with the terms of the
<br /> ��•,;;,;- afor�memiaoned Loan Documents are well and truly paid in accordance with ths terms therein
<br /> `���� containe�l,then this Assignment shall be void,otherwise to remain in full for�e and effect.
<br />"'����'�� The undersigned Assignor shall continue to make all payments to be made in accordance
<br />"`?��%��� with Assignor's licsnse ageements in resp�c2 to the ubove-descnbed motel operatians and erJ
<br /> -�::��:ai � renewals and extensions of those license�reements as they be�ome dus. �hould at any time a
<br /> _-= default be dealaxed in respect to such license agreeunents,Assignee ma3�,at its option,advance
<br /> -------�-- . such sums as may b�necessary to cure such default attd thereupon enter intu po��ssion of the
<br /> ---_=� Assigaor's interest. Upon entering into possession of Assignor's�nterest,Assigir�e shall have the
<br /> --- right to use the sErvices rand trademarks,service marks and tradenames as ffiay be pemutted by
<br /> -_,,��. ; I.icensor in respe,ct ta the license agreemen�s herein tissigned. All expenses incurred by Assignee
<br /> ----- in taking gossession of the motel operarions to protect its security interest therei�i shall be
<br /> �°�° �. secured by this Assignment,and any sums so advanced shall eam interest&om t��e date such
<br /> funds are advan,ed at a rate equivalent to that provided in the aforementioned Construction Line
<br /> , of Credit Draw Note. It is expressly understood tbat n�thing hereiui contained shall be conshued
<br /> -- as a covenant or agreement to pay any part of the fees or other considerarion in respect ta the
<br /> ---- ' license agreements hereiaabove descnbed.
<br /> >
<br /> -� �'' T'�e failure of the Assignee to assert any of its rights l�ereunder at any tim�shall not be
<br /> �-� , co�strued as a weiver of its right to assert 8'he same at any later time and to insist upon and -
<br /> _-- enforce strict compliance with all the terr:���d provisions of said lLoan Docume�ts.
<br /> Tlus Condirional Assigunent of License Agreements shall be binding upon the parties
<br /> hereto znd their respective personal representatives,devisees,legatees,heirs-at-law and assigns.
<br /> Datsd thas 19TH day of DECEf�iBER , 1996.
<br /> --�.��=:�, � EUWARDS BUILDING CORP.,a
<br /> --===r=�� Nebraska curporation,
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