98103179 - Laserfiche WebLink

Browse

b. Sell the property referred to in paragraph a. on said premises. QQ� a/V �(��1�9 c. Transfer and assign said lease and Borrower's rights therein to parties satisfactory to Assignee and Lessor. Upon assignment,the obligations of said lease shall be binding on said transferee. In the event Assignee shall only undertake the options provided in paragraph a. or b., it shall have no obligation other than payment of rent accruing during the period of its possession of the Premises. In the event Assignee shall make transfer of said lease as provided in paragraph c.,Assignee will cure all defaults in said lease,and its sole other obligation shall be the payment of rent which accrued prior to the transfer of said lease. 5. None of the property required to be hypothecated as collateral for the aforesaid loan constitutes real property. B. Lessor agrees to,and does hereby,subordinate any lien he may,now or hereafter,have on the property of Borrower,that is now or hereafter security for the aforesaid loan,to Assignee's lien or liens on said property and to Assignee's rights herein. C. Lessor hereby represents and warrants that title to said leased premises is held by him in fee simple and that he has full power and authority to enter into this Agreement. D. This Agreement shall be binding upon and inure to the benefit of the personal representatives,successors and assigns of the parties hereto. E. This Agreement may be executed simultaneously in two(2)or more counterparts,each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. Wimess our hands and seals this �1 day of ��✓� , 1998. BORROWER: NARBER ENTERPRISES, LLC ATT ST: gy. � U'� � � Jim Nar er, President Jim N ber, Secretary JIM NARBER, INC. ATTEST: � �,�� By: Jim Narber, President � Jim Narber, Secretary Jim Narber � ' � �C��i��.�.� �� /,�f'L Donna Narber