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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 C�iR 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 />CAROL J. GUNDERSON, an unremarried widow, hereinafter referred to as "Assignor", hereby
<br />assigns, transfers, and sets over to EXCHANGE BANK, a Nebraska banking corporation,
<br />hereinafter referred to as "Assignee", all of her right, title, and interest in and to a certain Lease
<br />dated April 18, 1980, with a term of Thirty-Five (35) years commencing April 16, 1980, any
<br />renewals and extensions thereof, wherein Assignor is leasing the real esta.te located in Hall
<br />County, Nebraska, commonly known as 29 Kuester Lake, Grand Island, NE 68801 and legally
<br />described as:
<br />Lot Three (3), situated on the North Side of the East Portion of Kuester's Lake
<br />and being on a part of the East Half of the Southwest Quarter (E 1/2S W 1/4) of
<br />Section Thirteen (13), Township Eleven (11) North, Range Nine (9) West of the
<br />6 P.M., Hall 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 Sta.tements, Security Agreements, and Conditional Assignments executed concurrently
<br />herewith, tog�ther with all past, present, and future notes or other obligations of the Bonower 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 rnay 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.
<br />The undersigned Assignor sha11 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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<br />�MEMa: _�r�[c�er v�'�rraPn�v_- is,
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